Ceres Power (LON:CWR) Posts Quarterly Earnings Results

Key Points

• Ceres Power reported a quarterly earnings per share (EPS) of GBX 10.14, with a negative return on equity of 22.96% and a negative net margin of 101.69%.
• The company's stock opened at GBX 127.20, with a market capitalization of £246.54 million and a price-to-earnings ratio of -868.85.
• Ceres Power specializes in clean energy technologies, focusing on green hydrogen production and fuel cells, and has partnered with major companies including Bosch and Doosan.

Ceres Power (LON:CWR - ) issued its quarterly earnings results on Friday. The company reported GBX (10.14) EPS for the quarter, Digital Look Earnings reports. Ceres Power had a negative return on equity of 22.96% and a negative net margin of 101.69%.

Ceres Power Price Performance

Ceres Power stock opened at GBX 127.20 on Friday. The company has a fifty day simple moving average of GBX 115.24 and a 200-day simple moving average of GBX 86.33. The firm has a market capitalization of £246.54 million, a price-to-earnings ratio of -868.85 and a beta of 1.60. The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54. Ceres Power has a 52-week low of GBX 44 and a 52-week high of GBX 312.

About Ceres Power

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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