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Eneraqua Technologies – with expectations already having been downgraded just a few months ago, what about a latest “trading update”?…

Industrial energy and water efficiency products company Eneraqua Technologies (ETP) has issued a trading update including noting “continue to make solid progress… profitable on an EBITDA basis… returned to a net cash position of £0.5m (gross cash of £5.9m), as the working capital investment made towards the end of FY23 unwound”. So what of a share price currently at 77.5p, more than 18% lower in response?

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Eneraqua Technologies (#ETP) – proposed changes to UK “net nutrient neutrality rules” expected to “delay projects until there is greater clarity”

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Eneraqua Technologies – “the current year is progressing as expected”… but that’s not as expected little more than six weeks ago!

Energy and water efficiency company Eneraqua Technologies (ETP) has issued an “AGM Update” commencing that “the current year is progressing as expected with a high level of activity”. This is stated with Energy business “mix and timing of projects has been as anticipated” and Water business “Control Flow technology continues to make good progress”. The shares have currently responded up to 137.5p, but what of them still being significantly down from above 270p as recently as May?

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Eneraqua Technologies – “pleased to announce” results. Er, what about the massive profit warning for the current year?!

Previously writing on energy and water systems company Eneraqua Technologies (ETP), in March with the shares heading down towards 300p I concluded that, with client budget pressures, how reassuring is the stated order book for the near-term ahead really? Considering also the valuation, avoid. The company today states that it “is pleased to announce its preliminary results for the year ended 31 January 2023”, so what of the shares currently more than 30% lower at around 180p?!

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Eneraqua Technologies – argues strong growth, but how confident to be in the order book for the near-term ahead really?

Previously writing on energy and water systems company Eneraqua Technologies (ETP), in October with the shares up to 300p I concluded ‘it’s material net cash generation I’ll continue to monitor for here and currently Avoid’. The shares most recently closed at 350p but are currently heading back towards 300p on the back of a “Year End Trading Update”.

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Eneraqua Technologies – contract wins & order book excitement, but net cash generation?

Energy and water systems company Eneraqua Technologies (ETP) has announced contract wins “taking cover for its FYJan24 revenue target to 85% (from prior 72%). The order book continues to provide full revenue cover for the FYJan23 revenue target”. What of a current 14.5% higher share price to 300p in response?

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Eneraqua Technologies – interims emphasise revenue growth…so what about the bottom-line?

Energy and water systems company Eneraqua Technologies (ETP) states that it “is pleased to announce its interim results for the six months ended 31 July 2022”...and the shares have currently responded approaching 14% higher in response to the announcement to 262p. So what’s the news?

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Eneraqua Technologies – “on course” for its targets, but what are they?

Eneraqua Technologies (ETP) is “pleased to update that… trading in the first half of the year to 31 January 2023 has been encouraging” and that current global challenges are creating further demand for the work it does. So what of a share price currently slightly lower today to 260p?