🔴 Ceres Power is trading 11.3% down today on profit-taking after capital-raise surge

Ceres Power is trading 11.3% down at £326.40 today as investors lock in gains following a sharp rally driven by a recent capital raise.

• The stock is experiencing a multi-day pullback after a £103 million non-pre-emptive equity raise at 570p per share.
• Previous upward momentum was fueled by optimism surrounding the company's manufacturing partnership with Weichai.
• Today's decline reflects continued profit-taking as the market cools from its recent surge.