Ceres Power (LON:CWR) Shares Up 15.1% - What's Next?

Key Points

• Ceres Power's shares surged by 15.1% during mid-day trading, reaching a high of GBX 192 ($2.59) and ending at GBX 190 ($2.56), with trading volume increasing by 140% compared to its average daily volume.
• The company reported a loss of GBX (10.14) earnings per share for the quarter and is expected to post a negative EPS of -12.44 for the current year, highlighting ongoing financial challenges.
• Ceres Power specializes in clean energy technology, focusing on electrolysis for green hydrogen production and fuel cells, establishing partnerships with major companies like Bosch and Doosan to advance its innovative solutions.

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 were traded 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 current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54. The stock has a market cap of £368.26 million, a P/E ratio of -1,297.81 and a beta of 1.60. The firm's 50-day simple moving average is GBX 121.61 and its 200 day simple moving average is GBX 90.09.

Ceres Power (LON:CWR - Get Free Report) last posted 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 research analysts anticipate that Ceres Power Holdings plc will post -12.4426979 earnings per share 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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