Ceres Power (LON:CWR) Shares Up 45.5% - Should You Buy?

Key Points

• Ceres Power's shares surged 45.5% during trading on Monday, reaching a high of GBX 150 ($2.02) after closing at GBX 100.60 ($1.35).
• The impressive increase in share volume amounted to 11,223,002 shares, marking a 607% increase from the average trading volume.
• Ceres Power specializes in clean energy technology, focusing on green hydrogen electrolysis and fuel cells, and has formed alliances with big names like Bosch and Doosan.

Shares of Ceres Power Holdings plc (LON:CWR - ) shot up 45.5% during trading on Monday . The company traded as high as GBX 150 ($2.02) and last traded at GBX 146.40 ($1.97). 11,223,002 shares were traded during trading, an increase of 607% from the average session volume of 1,587,739 shares. The stock had previously closed at GBX 100.60 ($1.35).

Ceres Power Price Performance

The company has a 50 day moving average of GBX 84.83 and a 200 day moving average of GBX 88.25. 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 £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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