Aker Carbon Capture shareholders can enjoy an excellent gift this holiday season as the stock price soared 27% month on month.
Aker Carbon Capture has also enjoyed a good year overall, as the company’s stock has gained 14% compared to last year.
2023 has indeed been fruitful for the leading provider of carbon capture solutions with a series of new contracts and forged partnerships, particularly in the last few months.
The year before was even more bountiful, when the Aker Carbon Capture’s stock went through the roof with an immense 89% increase, indicating the company’s extreme rise in revenue and exceptional performance in the nascent sector that is carbon capture.
But looked at on a broader scale, the company’s success and impressive stock gains are also indicative of the industry’s development at large.
As an emerging sector identified by the IPCC as imperative to limiting global warming, carbon capture is experiencing a tremendous growth spurt, which, even so, is still considered insufficient in the context of our race against time in battling the climate crisis.
With that said, stakeholders across the board are calling for more efforts, more investments and faster deployment of these climate solutions.
That, coupled with analysts’ expectations for Aker’s revenue to continue growing at an annual rate of 45% for the next three years at least, is a strong indicator of the sector’s promising future.