Ceres Power (LON:CWR) Shares Up 43.2% - Here's What Happened

Key Points

• Ceres Power Holdings plc saw its share price increase by 43.2% during trading, reaching a high of GBX 150 ($2.02) and closing at GBX 144.10 ($1.94).
• Trading volume surged to 8,007,922 shares, a 412% increase over the average session volume.
• Ceres Power is a key player in clean energy technology, focusing on green hydrogen production and fuel cells, partnering with major companies like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - )'s share price shot up 43.2% during trading on Monday . The stock traded as high as GBX 150 ($2.02) and last traded at GBX 144.10 ($1.94). 8,007,922 shares changed hands during mid-day trading, an increase of 412% from the average session volume of 1,565,412 shares. The stock had previously closed at GBX 100.60 ($1.35).

Ceres Power Trading Up 43.2%

The company has a 50 day moving average price of GBX 84.83 and a 200 day moving average price of GBX 88.25. 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 firm has a market cap of £280.90 million, a price-to-earnings ratio of -6.97 and a beta of 1.60.

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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