Ceres Power (LON:CWR) Shares Down 12% - Here's Why

Key Points

• Ceres Power shares plunged about 12% to GBX 234.20 on Wednesday, with roughly 3.85 million shares traded—a ~46% rise versus average volume.
• Analysts remain bullish: the consensus rating is Buy with an average price target of GBX 495, and recent upgrades include Berenberg (GBX 530) and Jefferies (GBX 460).
• The business is still loss-making—quarterly EPS was GBX -10.14 and analysts forecast FY EPS around -12.44—while market cap is £443.47m and reported metrics show a negative net margin and P/E.

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s stock price was down 12% on Wednesday . The stock traded as low as GBX 230 and last traded at GBX 234.20. Approximately 3,846,493 shares changed hands during trading, an increase of 46% from the average daily volume of 2,643,635 shares. The stock had previously closed at GBX 266.20.

Analyst Ratings Changes

A number of research analysts have recently commented on CWR shares. Jefferies Financial Group restated a "buy" rating and issued a GBX 460 price target on shares of Ceres Power in a report on Friday, November 7th. Berenberg Bank boosted their price objective on shares of Ceres Power from GBX 300 to GBX 530 and gave the company a "buy" rating in a research report on Wednesday, November 19th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of GBX 495.

Ceres Power Stock Down 2.7%

The firm has a market cap of £443.47 million, a P/E ratio of -12.48 and a beta of 1.60. 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 business has a 50-day moving average price of GBX 302.73 and a 200-day moving average price of GBX 177.35.

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 for the quarter. Ceres Power had a negative return on equity of 22.96% and a negative net margin of 101.69%. On average, equities analysts forecast that Ceres Power Holdings plc will post -12.4426979 EPS for the current fiscal year.

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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