Ceres Power trades under £103m placing price after AI power raise
Ceres Power Holdings plc stock fell again Thursday after the company wrapped up a £103 million equity placing. The clean-energy firm now has more cash to target the AI data-centre power market, but the new share sale put pressure on the price. Hargreaves Lansdown showed a 555.5p sell price and 558.5p to buy, off 13p, or 2.27%. Shares traded below the 570p fundraising offer. Ceres Power issued 18 million new ordinary shares, around 9.2% of its earlier share capital. The shares priced at 570p, which is 6.5% under the 609.5p close on June 9, giving the stock a lower point right away. The move was more than a balance-sheet top up, it shifts the reference level for the stock.