Ceres Power (LON:CWR) Shares Up 15.1% - Should You Buy?

Key Points

• Ceres Power shares rose by 15.1% to GBX 190 ($2.56), with trading volume significantly increasing by 140% from the average session volume.
• The company reported a negative earnings per share of GBX (10.14) and has a negative return on equity of 22.96%, indicating financial challenges.
• Ceres Power is focused on clean energy technology, partnering with major companies like Bosch and Doosan to develop efficient green hydrogen and fuel cell solutions.

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

The company has a market cap of £368.26 million, a P/E 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 business has a 50-day moving average price of GBX 121.61 and a two-hundred day moving average price of GBX 90.09.

Ceres Power (LON:CWR - Get Free Report) last announced 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, analysts predict 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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