Ceres Power (LON:CWR) Shares Down 14.4% - Here's What Happened

Key Points

• Ceres Power Holdings plc shares experienced a significant decline of 14.4%, trading as low as GBX 115.84 ($1.55) during the day.
• The company reported a negative EPS of GBX (10.14) for the latest quarter and projects an average annual EPS of -12.44 for the current year.
• Ceres Power specializes in clean energy technology, focusing on green hydrogen production and fuel cells, and has partnered with major companies like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - Get Free Report) shares traded down 14.4% during mid-day trading on Friday . The stock traded as low as GBX 115.84 ($1.55) and last traded at GBX 121.10 ($1.62). 17,873,377 shares changed hands during trading, an increase of 1,033% from the average session volume of 1,577,807 shares. The stock had previously closed at GBX 141.40 ($1.89).

Ceres Power Trading Down 10.9%

The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18. The business's fifty day simple moving average is GBX 115.24 and its 200 day simple moving average is GBX 86.33. The stock has a market cap of £244.06 million, a price-to-earnings ratio of -860.12 and a beta of 1.60.

Ceres Power (LON:CWR - Get Free Report) last posted its quarterly earnings results on Friday, September 26th. The company reported GBX (10.14) earnings per share (EPS) for the quarter. Ceres Power had a negative return on equity of 22.96% and a negative net margin of 101.69%. On average, research analysts predict that Ceres Power Holdings plc will post -12.4426979 EPS for the current year.

Ceres Power Company Profile

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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