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Eneraqua Technologies PLC ( (GB:ETP) ) has issued an update.
Eneraqua Technologies PLC announced expected revenues of £63 million and adjusted profit before tax in line with market expectations for the fiscal year ending January 2025. The company secured a significant £7 million contract in its water division, contributing to its financial performance. However, Eneraqua is facing challenges in FY26, including payment delays from clients and deferred energy projects, impacting its balance sheet and supply chain. The company is actively managing working capital, exploring interim funding options, and finalizing the disposal of a non-core subsidiary to address these issues.
Spark’s Take on GB:ETP Stock
According to Spark, TipRanks’ AI Analyst, GB:ETP is a Neutral.
The overall stock score for Eneraqua Technologies PLC is heavily impacted by weak financial performance and poor technical indicators. The declining revenue and profitability, coupled with negative valuation metrics such as a negative P/E ratio, highlight significant risks. Despite some stability in the balance sheet, the lack of upward market momentum and absence of dividends further detract from the stock’s appeal.
To see Spark’s full report on GB:ETP stock, click here.
More about Eneraqua Technologies PLC
Eneraqua Technologies PLC is a specialist in energy and water efficiency solutions, operating primarily in the United Kingdom. The company focuses on retrofitting district or communal heating systems and water efficiency upgrades, leveraging its proprietary Control Flow HL2024 products to support Net Zero and decarbonization goals. Eneraqua serves clients with aging heating systems and provides solutions for utilities and commercial clients, including hotels and care homes.
Average Trading Volume: 21,005
Technical Sentiment Signal: Sell
Current Market Cap: £9.63M
For detailed information about ETP stock, go to TipRanks’ Stock Analysis page.