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Ceres Power (LON:CWR) Trading Up 13.6% - What's Next?

Ceres Power logo with Industrials background

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s stock price shot up 13.6% on Monday . The company traded as high as GBX 57.60 ($0.75) and last traded at GBX 54.80 ($0.72). 9,372,030 shares were traded during mid-day trading, an increase of 334% from the average session volume of 2,161,570 shares. The stock had previously closed at GBX 48.24 ($0.63).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank dropped their target price on shares of Ceres Power from GBX 650 ($8.51) to GBX 340 ($4.45) and set a "buy" rating on the stock in a report on Tuesday, February 25th.

Check Out Our Latest Research Report on CWR

Ceres Power Trading Down 3.3 %

The stock has a market capitalization of £107.41 million, a P/E ratio of -2.66 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. The stock's 50 day moving average price is GBX 79.93 and its 200-day moving average price is GBX 151.70.

Insider Buying and Selling at Ceres Power

In other news, insider Stuart Paynter purchased 7,151 shares of the firm's stock in a transaction on Wednesday, January 29th. The stock was acquired at an average cost of GBX 139 ($1.82) per share, with a total value of £9,939.89 ($13,010.33). Insiders own 40.29% of the company's stock.

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.

See Also

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