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Eneraqua Technologies – “pleased to announce its audited full year results”, so why currently a further approaching 8% share price fall?

By Steve Moore | Thursday 23 May 2024

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 systems company Eneraqua Technologies (ETP) states that it “is pleased to announce its audited full year results for the year ended 31 January 2024” and the announcement also notes “a healthy order book of £101.7m of which 88% is expected to be delivered during FY25”. So why a share price currently approaching 8% lower in response at 36p, with the shares already down from just March last year having reached 380p?!
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