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Powercell's climb continues on First North. On Tuesday, the title reached a new all-time record of 104.80 SEK.
A good deal The recent price increase, which had risen to 127% at the time of writing this report, came after the conclusion of a promising deal with the German automotive subcontracting giant Robert Bosch.
The report submitted on Monday showed a profit after tax equal to that of the same quarter of last year.
On Tuesday, the company announced that it had decided to open a sales office in China in order to "better utilize the growing interest sparked by fuel cell technology in the Chinese market".
"China is a pioneer country for fuel cells and hydrogen ", says Per Wassén, CEO of Powercell and carry on:
"The Chinese government views fuel cells as a promising alternative to reduce carbon dioxide and particulate emissions and we anticipate that the demand for fuel cell technology in China will increase in the coming years."
Tuesday, at 12 o'clock, the share has increased by 7.7% for the day. So far this year, the recovery is 197%.
Turnover in the share is also violent with measured First North measures, ie 74 million SEK at noon, which corresponds to large companies such as Swedish Match and Astra Zeneca.
At Netbank Nordnet, Powercell shares are among the most traded today.
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