Ceres Power (LON:CWR) Trading Down 14.8% – Here’s Why

by · The Cerbat Gem

Ceres Power Holdings plc (LON:CWR – Get Free Report) shares fell 14.8% during trading on Saturday . The stock traded as low as GBX 307.53 and last traded at GBX 313.46. 6,301,889 shares were traded during trading, an increase of 171% from the average session volume of 2,325,161 shares. The stock had previously closed at GBX 368.

Wall Street Analysts Forecast Growth

CWR has been the subject of a number of recent analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a GBX 460 price objective on shares of Ceres Power in a research report on Friday, November 7th. Berenberg Bank increased their price target on Ceres Power from GBX 300 to GBX 530 and gave the company a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Ceres Power currently has a consensus rating of “Buy” and an average target price of GBX 495.

Get Our Latest Stock Report on CWR

Ceres Power Stock Performance

The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of £609.42 million, a PE ratio of -17.18 and a beta of 1.60. The firm has a 50 day moving average price of GBX 244.49 and a 200-day moving average price of GBX 146.45.

Ceres Power (LON:CWR – Get Free Report) last issued its earnings results on Friday, September 26th. The company reported GBX (10.14) earnings per share (EPS) for the quarter. Ceres Power had a negative return on equity of 22.96% and a negative net margin of 101.69%. Research analysts expect that Ceres Power Holdings plc will post -12.4426979 EPS for the current fiscal year.

About Ceres Power

(Get Free Report)

Ceres is a leading developer of clean energy technology: electrolysis for the creation of green hydrogen and fuel
cells for power generation. Its asset-light, licensing model has seen it establish partnerships with some of the world’s largest companies, such as Bosch, Doosan, Delta and Weichai. Ceres’ solid oxide technology supports greater electrification of our energy systems and produces green hydrogen at high-efficiencies as a route to decarbonise emissions-intensive industries such as steelmaking, ammonia and future fuels.

Featured Stories