Ceres Power (LON:CWR) Trading 19.3% Higher – Time to Buy?

by · The Markets Daily

Ceres Power Holdings plc (LON:CWR – Get Free Report) was up 19.3% during trading on Wednesday . The company traded as high as GBX 390.25 and last traded at GBX 373.18. Approximately 23,708,926 shares traded hands during mid-day trading, an increase of 1,063% from the average daily volume of 2,038,894 shares. The stock had previously closed at GBX 312.80.

Ceres Power Trading Up 18.9%

The stock has a 50-day moving average of GBX 176.81 and a 200 day moving average of GBX 119.42. The stock has a market cap of £721.12 million, a PE ratio of -20.37 and a beta of 1.60. The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54.

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

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