Ceres Power (LON:CWR) Trading 34.7% Higher - Here's Why

Key Points

• Ceres Power Holdings plc shares surged by 34.7% on Monday, reaching a high of GBX 150 ($2.02) and closing at GBX 135.52 ($1.82).
• The trading volume increased dramatically to approximately 9,060,377 shares, which is a 476% rise compared to the average daily volume.
• Ceres Power is recognized for its clean energy technology, focusing on electrolysis for green hydrogen production and fuel cells, partnering with major companies like Bosch and Delta.

Ceres Power Holdings plc (LON:CWR - Get Free Report) traded up 34.7% on Monday . The company traded as high as GBX 150 ($1.99) and last traded at GBX 135.52 ($1.80). 9,060,377 shares changed hands during trading, an increase of 476% from the average session volume of 1,572,721 shares. The stock had previously closed at GBX 100.60 ($1.33).

Ceres Power Trading Up 2.0%

The company has a debt-to-equity ratio of 1.54, a quick ratio of 12.18 and a current ratio of 6.48. The company has a market capitalization of £244.35 million, a price-to-earnings ratio of -6.06 and a beta of 1.60. The business's 50 day moving average price is GBX 88.49 and its two-hundred day moving average price is GBX 88.61.

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.