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

Key Points

• Ceres Power Holdings plc saw a significant stock price increase of 15.1%, reaching GBX 190 ($2.56), with trading volume jumping 140% above the average.
• The company reported a negative earnings per share (EPS) of GBX -10.14 for the last quarter, and analysts anticipate further negative EPS for the current year.
• Ceres Power specializes in clean energy technology and has established partnerships with major global companies, focusing on green hydrogen production and fuel cells.

Shares of Ceres Power Holdings plc (LON:CWR - Get Free Report) shot up 15.1% on Saturday . The stock traded as high as GBX 192 ($2.59) and last traded at GBX 190 ($2.56). 4,376,311 shares traded 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 Performance

The company has a market capitalization of £368.26 million, a PE ratio of -1,297.81 and a beta of 1.60. The stock's fifty day simple moving average is GBX 121.61 and its 200-day simple moving average is GBX 90.09. The company has a debt-to-equity ratio of 1.54, a quick ratio of 12.18 and a current ratio of 6.48.

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