Eneraqua Technologies – “the current year is progressing as expected”… but that’s not as expected little more than six weeks ago!
By Steve Moore | Wednesday 5 July 2023
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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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