Ceres Power (LON:CWR) Shares Up 43.2% - Still a Buy?

Key Points

• Ceres Power's shares surged by 43.2%, with a last trading price of GBX 144.10 ($1.93), marking a significant increase from its previous close of GBX 100.60 ($1.34).
• The stock saw an impressive volume of over 8 million shares traded, reflecting a 412% increase in trading activity compared to its average session volume.
• Ceres Power specializes in clean energy technology, focusing on electrolysis for green hydrogen and fuel cells, and has established partnerships with major companies like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - )'s share price shot up 43.2% on Monday . The stock traded as high as GBX 150 ($2.00) and last traded at GBX 144.10 ($1.93). 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 ($1.34).

Ceres Power Price Performance

The company has a current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54. The company's fifty day moving average is GBX 86.26 and its two-hundred day moving average is GBX 88.07. The stock 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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