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) shot up 15.5% during mid-day trading 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 mid-day trading, an increase of 195% from the average session volume of 2,038,685 shares. The stock had previously closed at GBX 354.09.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 460 target price on shares of Ceres Power in a research note on Friday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 400.

Check Out Our Latest Report on CWR

Ceres Power Stock Performance

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 market capitalization of £795.08 million, a PE ratio of -22.41 and a beta of 1.60. The firm’s fifty day moving average price is GBX 192.08 and its 200 day moving average price is GBX 126.11.

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 net margin of 101.69% and a negative return on equity of 22.96%. On average, 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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