Ceres Power (LON:CWR) Trading 18.9% Higher – Should You Buy?

by · The Cerbat Gem

Ceres Power Holdings plc (LON:CWR – Get Free Report)’s share price rose 18.9% during trading on Wednesday . The company traded as high as GBX 390.25 and last traded at GBX 371.80. Approximately 10,463,385 shares changed hands during trading, an increase of 429% from the average daily volume of 1,977,287 shares. The stock had previously closed at GBX 312.80.

Ceres Power Stock Up 18.9%

The firm’s fifty day moving average is GBX 176.81 and its 200-day moving average is GBX 119.42. The company has a market capitalization of £721.12 million, a P/E ratio of -20.37 and a beta of 1.60. The company has a debt-to-equity ratio of 1.54, a quick ratio of 12.18 and a current ratio of 6.48.

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

Ceres Power Company Profile

(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.

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