LONDON, July 6, 2026, 09:22 BST
- TNE was marked 14.6% higher after one 36-share print.
- The trade was worth £9.90, but the implied market-cap change was about £5.6 million.
- No fresh company RNS was listed over the weekend or early Monday.
- FTSE Russell’s latest sector report put TNE at 15.0 times sales.
Technologies New Energy plc LON:TNE was marked 14.6% higher at 27.50 pence in early London trade on Monday, with Google Finance showing volume of 36 shares and a market value of £43.8 million. AJ Bell’s delayed trade tape showed the listed Monday print at 08:30:56 BST: 36 shares at 27.5p, worth £9.90.
The company’s June 19 RNS gave the share count as 159,263,550. The 3.5p move from Friday’s 24p close equates to roughly £5.6 million of implied equity value, or about £560,000 of screen value for each £1 traded.
That is the point for investors. The percentage move says more about price formation in a thin line than about fresh disclosed news. Investegate’s TNE page showed the latest company RNS as the June 19 option award, followed by the April 30 annual report and February’s CleverSearch deal; no new company statement was listed for Monday morning.
London was open at the dateline. TradingHours.com lists the LSE session for July 6 as 8:00 a.m. to 4:30 p.m. BST.
| Monday quote item | Figure |
|---|---|
| Last shown price | 27.50p |
| Change vs previous close | +3.50p / +14.58% |
| Volume shown | 36 shares |
| Trade value on AJ Bell tape | £9.90 |
| Market value shown by Google Finance | £43.80 million |
| 52-week range | 20.60p–43.72p |
FTSE Russell’s company report dated July 3, at Friday’s 24p close, showed the stock down 20.0% year-to-date, down 27.8% relative to its FTSE UK All-Share sector and down 25.4% relative to the FTSE UK All-Share index. The same report put TNE’s trailing price-to-sales ratio at 15.0 times.
| FTSE Russell metric | TNE | Comparator in same report |
|---|---|---|
| YTD absolute performance | -20.0% | — |
| Relative to FTSE UK All-Share sector | -27.8% | — |
| Relative to FTSE UK All-Share index | -25.4% | — |
| Price/sales | 15.0x | Construction & Materials sector: 0.5x |
| Return on equity | -50.0% | Sector: 12.7% |
| Price/cash flow | -100.0x | Sector: 6.7x |
The operating base is still small. In its 2025 annual report, TNE reported revenue of €362,141, group profit of €14,055, year-end cash of €762,638 and cash of about €401,000 on April 29. The board said that cash was enough for working capital for at least 12 months from approval of the accounts.
| Company baseline | Figure |
|---|---|
| 2025 revenue | €362,141 |
| 2025 group profit | €14,055 |
| Cash at Dec. 31, 2025 | €762,638 |
| Cash at April 29, 2026 | €401,000 |
| Shares in issue | 159,263,550 |
| Monday market value shown | £43.80 million |
That gap puts pressure on the project pipeline. February’s CleverSearch announcement said TNE bought 90% of the Azores project developer to advance a proposed Terceira biomass-to-liquids plant, with potential annual output of up to 6,000 tonnes of sustainable aviation fuel and 5,000 tonnes of biochar, subject to final engineering, permitting and financing. CEO Julio Perez said the deal gave TNE “strong local capability to progress development efficiently.” Investegate
The latest RNS before Monday’s quote move was about pay. TNE granted Perez 1,647,727 options at 10p, equal to 1.03% of issued capital, vesting Dec. 31 and with no extra performance conditions. At 27.5p, that strike sits 17.5p below Monday’s quote, before vesting.
The practical issue on Monday’s displayed market was spread. Hargreaves Lansdown showed a 20p bid and 28p offer, an 8p spread equal to about 29% of the last shown price.
