However, Aker Carbon’s net loss is projected to flatten in the next two years, posting an expected yearly loss of $16.2 million in 2022 and $1.7 million in 2023.
AKCCF delivered top-line growth of 129.7% in 2021 to $41.7 million and analysts expect the rapid growth rate to pursue in 2022, up 133% to $97.16 million. With a market capitalization of $1.5 billion, AKCCF is one of the main carbon capture pure plays. The performance of AKCCF disappointed shareholders lately, posting a 19.4% loss since the beginning of the year, although it recently combined forces with Microsoft (NASDAQ: MSFT) to pursue innovation efforts and expand opportunities in the CCUS market. It offers its services to the entire CCUS value chain and serves different industries, including oil and gas, steel and cement. Aker Carbon Capture ASA (OTCMKTS: AKCCF)Īker Carbon Capture is a Norwegian company providing carbon capture technologies.With that in mind, let’s dig into three carbon capture stocks that are set to benefit from rising carbon emission prices: 31 the global price of carbon was $51.45 per ton of CO2, but it is estimated that those prices need to hit $147 per ton to meet the global warming limit, providing a constructive backdrop for carbon capture stocks. However, according to IHS Markit, as of Dec. The KraneShares Global Carbon ETF (NYSEARCA: KRBN), a proxy of the carbon market with exposure to carbon allowances, lost 7.2% year-to-date, whereas the SPDR S&P 500 Trust ETF (NYSEARCA: SPY) decreased only 4.1%. The carbon market has recently underperformed the broader equity market. They are prone to high risk, but also promising rewards. Nevertheless, most of the players with exposure to CCUS are carbon capture stocks, with limited revenues, liquidity, and investor information. These technologies can be applied to heavy industries and dirty power plants, giving large carbon-emitting companies more flexibility to adapt to stricter regulations, without obstructing daily operations. Long-term storage of carbon emissions is a relatively new concept that has gained traction in the past few years and will play an important role in meeting net-zero targets by 2050. The rising interest in carbon capture, utilization and storage (CCUS) technologies and lifting carbon prices has created a viable environment for carbon capture stocks.ĬCUS technologies have been around for several decades in the oil and gas industry to enhance oil recovery.
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