🔴 Ceres Power is trading 5% down today on profit-taking after its recent surge

Ceres Power is trading 5% down at £349.27 as the stock undergoes a sharp multi-day pullback following a period of capital-raise-driven strength.

• The decline follows a recent £103 million non-pre-emptive capital raise at 570p per share and significant gains tied to the Weichai manufacturing license agreement.
• With no fresh company-specific news released today, the downward move suggests investors are locking in profits in a highly volatile name.