Ceres Power (LON:CWR) Trading 18.9% Higher – Time to Buy?

by · The Cerbat Gem

Ceres Power Holdings plc (LON:CWR – Get Free Report) shares shot up 18.9% during trading on Wednesday . The company traded as high as GBX 390.25 and last traded at GBX 371.80. 11,141,039 shares traded hands during mid-day trading, an increase of 463% from the average session volume of 1,980,439 shares. The stock had previously closed at GBX 312.80.

Ceres Power Stock Up 18.9%

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

Ceres Power (LON:CWR – Get Free Report) last posted its quarterly earnings data 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%. Research analysts expect that Ceres Power Holdings plc will post -12.4426979 earnings per share for the current fiscal year.

Ceres Power Company Profile

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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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