Ceres Power (LON:CWR) Trading Down 12% – Here’s Why

by · The Cerbat Gem

Ceres Power Holdings plc (LON:CWR – Get Free Report)’s share price traded down 12% during mid-day trading on Tuesday . The company traded as low as GBX 230 and last traded at GBX 234.20. 3,846,493 shares traded hands during mid-day trading, an increase of 46% from the average session volume of 2,643,635 shares. The stock had previously closed at GBX 266.20.

Analysts Set New Price Targets

CWR has been the subject of several recent research reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 460 price target on shares of Ceres Power in a research report on Friday, November 7th. Berenberg Bank increased their price objective on Ceres Power from GBX 300 to GBX 530 and gave the company a “buy” rating in a research note on Wednesday, November 19th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 495.

Get Our Latest Analysis on CWR

Ceres Power Trading Down 12.0%

The business has a 50 day simple moving average of GBX 302.28 and a two-hundred day simple moving average of GBX 176.21. 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 company has a market cap of £455.93 million, a PE ratio of -12.83 and a beta of 1.60.

Ceres Power (LON:CWR – Get Free Report) last announced 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%. On average, analysts forecast that Ceres Power Holdings plc will post -12.4426979 EPS 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.

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