Ceres Power (LON:CWR) Trading 17.5% Higher - Still a Buy?

Key Points

• Ceres Power Holdings plc shares rose by 17.5% on Thursday, reaching GBX 139 ($1.88) before closing at GBX 134.50 ($1.82).
• The company has a significant market cap of £260.69 million, with a debt-to-equity ratio of 1.54 and a negative P/E ratio of -918.72.
• Ceres Power specializes in clean energy technology, focusing on green hydrogen production and fuel cells through partnerships with major corporations like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - Get Free Report) shares traded up 17.5% on Thursday . The company traded as high as GBX 139 ($1.87) and last traded at GBX 134.50 ($1.81). 4,604,260 shares changed hands during mid-day trading, an increase of 211% from the average session volume of 1,479,998 shares. The stock had previously closed at GBX 114.50 ($1.54).

Ceres Power Price Performance

The stock's fifty day moving average price is GBX 110.50 and its two-hundred day moving average price is GBX 83.52. The firm has a market capitalization of £280.65 million, a price-to-earnings ratio of -989.07 and a beta of 1.60. The company has a current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54.

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.