London, July 3, 2026, 13:18 BST
- Ampeak Energy changed hands at 2.50p bid, 3.00p ask as of 11:18 BST. Fidelity and AJ Bell data put shares down 9.46%.
- Latest data from shareprices.com showed about £9,000 worth of shares changed hands, with volume at 342,866 shares and a VWAP of 2.616p.
- The company’s market cap stands at £18.37 million, which comes out to roughly £6.27 for every kWh of its permitted 2.93GWh battery-storage portfolio, according to a Reuters calculation using market and company figures.
Ampeak Energy Limited (LON:AMP) traded down in London on Friday with thin volumes, cutting the AIM-listed energy group’s value to under £20 million as it keeps working to convert its battery-storage pipeline into assets in use.
Fidelity and AJ Bell had the stock off 9.46% at 11:18 BST, quoting 2.50p on the bid and 3.00p to buy. Barclays quoted the same prices but logged a smaller drop at 4.76%. The difference pointed to how thin trading in the name made the daily move depend on where you measured from.
| Market marker | Latest available read |
|---|---|
| Sell / buy quote | 2.50p / 3.00p |
| Last trade shown by shareprices.com | 2.535p at 11:18 BST |
| Spread vs midpoint | spread around 18% |
| Volume | 342,866 shares |
| VWAP | 2.616267p |
| Approximate traded value | roughly £9,000 |
| Market capitalisation | £18.37 mln |
This is mainly about liquidity and funding risk, not new news from Ampeak. Shareprices.com hasn’t listed any Ampeak regulatory filings since June 26, when the company put out its annual financials and AGM notice.
The main thing investors are focusing on is the difference between Ampeak’s market cap and the value tied to its battery-storage strategy. The company says it has consent for battery projects at Mey and Uskmouth with 2.93GWh of capacity. With AJ Bell showing a £18.37 million valuation, that works out to around £6,270 per MWh for that storage figure, with debt and financing still to be factored in.
| Project | Status | Size | Next market issue |
|---|---|---|---|
| AW1, Uskmouth | Reached financial close; now being built | 240MWh | Aiming to start operations Q1 2027 |
| AW2, Uskmouth | Got planning permission | 1,250MWh | Expected to reach financial close in 2027 |
| MeyBESS, Scotland | Section 36 okayed | 1,200MWh | Looking to hit financial close in 2027 or 2028 |
| Total stated battery portfolio | Consented or under construction | 2.93GWh | Securing funding and building |
Ampeak’s 2025 results showed revenue went up to £15.0 million from £14.4 million, but EBITDA dropped to £3.7 million from £7.9 million. Cash burn increased to £6.8 million and net assets also fell to £6.8 million. Debt, minus non-recourse debt, dropped to £12.7 million.
| Metric | 2025 | 2024 | Change |
|---|---|---|---|
| Revenue | £15.0 mln | £14.4 mln | up 4% |
| EBITDA | £3.7 mln | £7.9 mln | down 53% |
| Cash burn | £6.8 mln | £6.0 mln | up 13% |
| Net assets | £6.8 mln | £17.2 mln | down 60% |
| Debt, excluding non-recourse debt | £12.7 mln | £13.7 mln | fell 7% |
| Net loss | £13.9 mln | £25.1 mln | loss narrowed 45% |
The capacity figure doesn’t show asset value because of the balance sheet. Debt, not counting non-recourse, made up around 69% of market value on Friday. Quoted equity value was roughly 2.7x reported net assets.
Chief Executive Graham Reid said in the annual results: “AW1 is under construction. AW2 is consented and development is progressing.” The company said AW1 is still set to start operations in the first quarter of 2027. Ampeak Energy
The next event set for Ampeak is the AGM on July 13. The company wants to appoint Scott Martin, Mark Dawber—both senior execs reporting to Patrick Hughes—and COO David Taaffe to the board. SIMEC UK Energy Holding Limited, controlled by Hughes, holds 29.6% of Ampeak.
Reid said he’s “looking forward to welcoming Scott and Mark to the Board alongside David.” The result puts the biggest holder’s picks on the board, but AW2 and MeyBESS still have to secure financing.
