Ceres Power (LON:CWR) Trading Down 10.7% – What’s Next?

by · The Cerbat Gem

Shares of Ceres Power Holdings plc (LON:CWR – Get Free Report) fell 10.7% on Friday . The company traded as low as GBX 321.80 and last traded at GBX 331.40. 8,229,739 shares traded hands during trading, an increase of 295% from the average session volume of 2,082,600 shares. The stock had previously closed at GBX 371.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 460 target price on shares of Ceres Power in a report on Friday, November 7th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Ceres Power presently has a consensus rating of “Buy” and an average target price of GBX 400.

Read Our Latest Research Report on Ceres Power

Ceres Power Stock Performance

The company has a market capitalization of £666.70 million, a price-to-earnings ratio of -18.79 and a beta of 1.60. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18. The stock has a 50 day simple moving average of GBX 214.87 and a two-hundred day simple moving average of GBX 134.36.

Ceres Power (LON:CWR – Get Free Report) last released its quarterly earnings data 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%. As a group, 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.

Featured Articles