Ceres Power (LON:CWR) Stock Price Up 17.5% - Here's Why

Key Points

• Ceres Power Holdings plc shares surged by 17.5% during trading on Thursday, reaching a high of GBX 139 ($1.89) before closing at GBX 134.50 ($1.83).
• The trading volume exceeded 4.6 million shares, marking a 211% increase from the average daily volume.
• Ceres Power specializes in clean energy technology, particularly in electrolysis for green hydrogen production and fuel cells, partnering with major companies like Bosch and Doosan.

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

Ceres Power Price Performance

The firm has a market cap of £280.65 million, a PE ratio of -989.07 and a beta of 1.60. The stock's fifty day moving average price is GBX 111.38 and its 200-day moving average price is GBX 84.06. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18.

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.