Ceres Power (LON:CWR) Shares Up 15.1% - Still a Buy?

Key Points

• Ceres Power Holdings plc shares surged by 15.1% during trading, reaching a current price of GBX 190 ($2.56), significantly above its previous close of GBX 165.10 ($2.23).
• The company reported a negative earnings per share (EPS) of GBX (10.14) for the last quarter, with analysts predicting an EPS of -12.44 for the current year.
• Ceres Power is a leader in clean energy technology, focusing on green hydrogen production and fuel cells, while partnering with major companies like Bosch and Doosan.

Shares of Ceres Power Holdings plc (LON:CWR - Get Free Report) shot up 15.1% during trading 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 Trading Up 15.1%

The company has a 50 day moving average of GBX 121.61 and a 200 day moving average of GBX 90.09. The company has a current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54. The firm has a market cap of £368.26 million, a price-to-earnings ratio of -1,297.81 and a beta of 1.60.

Ceres Power (LON:CWR - Get Free Report) last issued its quarterly earnings data 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%. As a group, research analysts anticipate 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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