Ceres Power (LON:CWR) Trading 15.5% Higher – Here’s What Happened

by · The Cerbat Gem

Ceres Power Holdings plc (LON:CWR – Get Free Report)’s share price traded up 15.5% on Monday . The company traded as high as GBX 418.80 and last traded at GBX 408.96. 6,016,905 shares were traded during trading, an increase of 195% from the average session volume of 2,038,685 shares. The stock had previously closed at GBX 354.09.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 460 price target on shares of Ceres Power in a report on Friday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 400.

Check Out Our Latest Stock Analysis on Ceres Power

Ceres Power Stock Up 15.5%

The stock has a market capitalization of £795.08 million, a PE ratio of -22.41 and a beta of 1.60. The company has a current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54. The firm has a 50 day moving average of GBX 192.08 and a two-hundred day moving average of GBX 126.11.

Ceres Power (LON:CWR – Get Free Report) last issued its quarterly earnings data 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%. Equities research 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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