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

by · The Cerbat Gem

Ceres Power Holdings plc (LON:CWR – Get Free Report) 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 were traded 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.

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 460 target price on shares of Ceres Power in a report on Friday. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently 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 Down 6.1%

The company has a market cap of £688.41 million, a PE ratio of -19.40 and a beta of 1.60. The firm has a 50-day simple moving average of GBX 192.08 and a two-hundred day simple moving average of GBX 125.13. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18.

Ceres Power (LON:CWR – Get Free Report) last issued 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 net margin of 101.69% and a negative return on equity of 22.96%. Research analysts anticipate that Ceres Power Holdings plc will post -12.4426979 earnings per share for the current fiscal 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.

See Also