Ceres Power (LON:CWR) Shares Up 20.7% - Time to Buy?

Key Points

• Ceres Power's stock surged by 20.7%, reaching a last trading price of GBX 258.60 ($3.47) with a substantial increase in share volume.
• The company reported negative earnings per share (EPS) of GBX (10.14) and anticipates a projected EPS of -12.44 for the current year.
• Ceres Power specializes in clean energy technology, focusing on green hydrogen production and fuel cells, while partnering with major firms like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - Get Free Report) shot up 20.7% on Wednesday . The stock traded as high as GBX 258.80 ($3.47) and last traded at GBX 258.60 ($3.47). 80,881,109 shares were traded during trading, an increase of 3,515% from the average session volume of 2,237,261 shares. The stock had previously closed at GBX 214.20 ($2.87).

Ceres Power Trading Up 20.7%

The company has a fifty day simple moving average of GBX 135.86 and a two-hundred day simple moving average of GBX 98.33. 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 company has a market capitalization of £501.57 million, a P/E ratio of -1,416.99 and a beta of 1.60.

Ceres Power (LON:CWR - Get Free Report) last posted its earnings results on Friday, September 26th. The company reported GBX (10.14) earnings per share for the quarter. Ceres Power had a negative net margin of 101.69% and a negative return on equity of 22.96%. On average, analysts forecast that Ceres Power Holdings plc will post -12.4426979 earnings per share for the current fiscal year.

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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