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Ceres Power (LON:CWR) Shares Up 41.6% - Should You Buy?

Ceres Power logo with Industrials background

Key Points

  • Ceres Power Holdings plc shares surged 41.6% on Monday, trading as high as GBX 150 ($2.02) after closing at GBX 100.60 ($1.35) the previous day.
  • The company's market cap stands at £275.96 million, with a significantly high trading volume of around 10.4 million shares, reflecting a 560% increase from its average daily volume.
  • Ceres Power specializes in clean energy technology, particularly in hydrogen production and fuel cells, partnering with major firms like Bosch and Doosan to support energy system electrification.
  • MarketBeat previews the top five stocks to own by August 1st.
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Ceres Power Holdings plc (LON:CWR - Get Free Report)'s stock price was up 41.6% on Monday . The stock traded as high as GBX 150 ($2.02) and last traded at GBX 142.40 ($1.91). Approximately 10,438,446 shares traded hands during mid-day trading, an increase of 560% from the average daily volume of 1,581,905 shares. The stock had previously closed at GBX 100.60 ($1.35).

Ceres Power Price Performance

The stock has a fifty day simple moving average of GBX 84.83 and a two-hundred day simple moving average of GBX 88.25. The company has a market cap of £275.96 million, a PE ratio of -6.85 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

(Get Free Report)

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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