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

Key Points

• Ceres Power Holdings plc saw a significant increase in share price, rising 15.1% to GBX 190 ($2.56) during mid-day trading.
• The company reported a negative earnings per share (EPS) of GBX (10.14) for the quarter, with a projected EPS of -12.44 for the fiscal year.
• Ceres Power specializes in clean energy technologies, including electrolysis for green hydrogen and fuel cells, and has partnered with major companies like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - Get Free Report) traded 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 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 business's fifty day moving average is GBX 121.61 and its 200-day 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. The firm has a market cap of £368.26 million, a P/E ratio of -1,297.81 and a beta of 1.60.

Ceres Power (LON:CWR - Get Free Report) last announced its quarterly earnings results on Friday, September 26th. The company reported GBX (10.14) earnings per share (EPS) for the quarter. Ceres Power had a negative net margin of 101.69% and a negative return on equity of 22.96%. 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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