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

Key Points

• Ceres Power Holdings plc shares surged by 15.1% on Friday, with a trading high of GBX 192 ($2.59) and significant trading volume of 4,376,311 shares.
• The company reported a negative earnings per share of GBX (10.14) with a negative return on equity of 22.96% for the last quarter.
• Ceres Power is recognized for its innovative clean energy technology, including electrolysis for green hydrogen and partnerships with major companies like Bosch and Delta.

Ceres Power Holdings plc (LON:CWR - Get Free Report) shares 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 changed hands 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 Stock Up 15.1%

The company's fifty day simple moving average is GBX 121.61 and its 200-day simple moving average is GBX 90.09. The firm has a market capitalization of £368.26 million, a PE ratio of -1,297.81 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 (LON:CWR - Get Free Report) last announced its earnings results 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, analysts forecast 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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