Ceres Power (LON:CWR) Stock Price Up 43.2% - Here's Why

Key Points

• Ceres Power's share price increased by 43.2%, reaching a high of GBX 150 ($2.00) during trading.
• The trading volume surged to 8 million shares, reflecting a 412% increase from the average session volume.
• Ceres Power is a key player in clean energy, specializing in technologies for green hydrogen production and fuel cells, with partnerships involving major companies like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - Get Free Report) shares shot up 43.2% on Tuesday . The stock traded as high as GBX 150 ($1.98) and last traded at GBX 144.10 ($1.90). 8,007,922 shares were traded 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 ($1.33).

Ceres Power Trading Down 5.7%

The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of £228.44 million, a P/E ratio of -5.67 and a beta of 1.60. The firm's 50 day simple moving average is GBX 89.63 and its two-hundred day simple moving average is GBX 88.33.

Ceres Power Company Profile

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.