Ceres Power (LON:CWR) Shares Up 14.5% - Here's What Happened

Key Points

• Ceres Power Holdings plc shares experienced a significant increase of 14.5%, trading at a high of GBX 116.20 ($1.58) on Wednesday, with a dramatic trading volume rise of 752% compared to its average session volume.
• The company holds a market capitalization of £222.90 million and operates with a high debt-to-equity ratio of 1.54, indicating potential financial leverage concerns.
• Ceres Power is a key developer of clean energy technology, specializing in electrolysis for green hydrogen production and fuel cells, partnering with major companies like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - ) shot up 14.5% on Wednesday . The stock traded as high as GBX 116.20 ($1.58) and last traded at GBX 115 ($1.57). 13,008,398 shares traded hands during trading, an increase of 752% from the average session volume of 1,527,380 shares. The stock had previously closed at GBX 100.40 ($1.37).

Ceres Power Stock Up 14.5%

The firm's fifty day moving average price is GBX 109.91 and its two-hundred day moving average price is GBX 83.08. The stock has a market cap of £222.90 million, a price-to-earnings ratio of -785.52 and a beta of 1.60. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18.

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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