Ceres Power (LON:CWR) Shares Up 16.3% - Time to Buy?

Key Points

• Ceres Power Holdings plc shares rose by 16.3% on Thursday, trading as high as GBX 134.40 ($1.83), and experienced a trading volume spike of 171% above average.
• The company has a market capitalization of £260.69 million and a notable debt-to-equity ratio of 1.54, reflecting its financial leverage.
• Ceres Power is recognized for its innovative clean energy technologies and partnerships with major companies, focusing on applications like green hydrogen production and fuel cells.

Shares of Ceres Power Holdings plc (LON:CWR - ) shot up 16.3% during mid-day trading on Thursday . The company traded as high as GBX 134.40 ($1.83) and last traded at GBX 133.20 ($1.82). 3,997,922 shares changed hands during trading, an increase of 171% from the average session volume of 1,476,648 shares. The stock had previously closed at GBX 114.50 ($1.56).

Ceres Power Price Performance

The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18. The stock's fifty day simple moving average is GBX 109.91 and its 200-day simple moving average is GBX 83.08. The company has a market capitalization of £260.69 million, a P/E ratio of -918.72 and a beta of 1.60.

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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