Ceres Power (LON:CWR) Shares Up 15.1% - Here's What Happened

Key Points

• Ceres Power Holdings plc shares rose by 15.1%, reaching a high of GBX 192 ($2.59) after closing at GBX 165.10 ($2.23).
• The stock's trading volume increased significantly, with 4,376,311 shares changing hands, a 140% rise compared to the average volume.
• Ceres Power is focused on clean energy technology including green hydrogen production and fuel cells, and partners with major companies like Bosch and Delta.

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s share price shot up 15.1% on Friday . The stock traded as high as GBX 192 ($2.59) and last traded at GBX 190 ($2.56). 4,376,311 shares were traded during mid-day trading, an increase of 140% from the average session volume of 1,824,499 shares. The stock had previously closed at GBX 165.10 ($2.23).

Ceres Power Price Performance

The company has a market cap of £368.26 million, a price-to-earnings ratio of -1,297.81 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 company's fifty day moving average price is GBX 121.61 and its two-hundred day moving average price is GBX 90.09.

Ceres Power (LON:CWR - Get Free Report) last posted 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 research 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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