Ceres receives support from American investment bank after Bosch exit
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Ceres Power Holdings PLC experienced a significant share price drop after Robert Bosch decided to exit their partnership and sell its stake. However, Citi suggests this reaction may be premature if Bosch's decision is isolated.
February 21, 2025 | 10:30 am
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Ceres Power Holdings' share price dropped over 40% following Bosch's exit from their partnership. Citi believes this reaction may be premature if Bosch's decision is isolated.
The exit of a major partner like Bosch can significantly impact Ceres Power's operations and investor confidence, leading to a sharp share price drop. However, Citi's analysis suggests the market may have overreacted if Bosch's decision is not indicative of broader issues.
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