Ceres Power (LON:CWR) Shares Up 46.3% - Should You Buy?

Key Points

• Ceres Power's share price surged 46.3% to a high of GBX 149 ($2.00) during trading, significantly increasing its trading volume to 7,585,594 shares, a 385% rise from its average volume.
• The company's market capitalization is approximately £286.95 million, with a PE ratio of -7.12 and a beta of 1.60, indicating volatility in its stock performance.
• Ceres Power is recognized for its clean energy technology, including green hydrogen production and fuel cells, partnering with major firms like Bosch and Doosan to promote decarbonization in energy-intensive industries.

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s share price rose 46.3% on Monday . The company traded as high as GBX 149 ($1.98) and last traded at GBX 147.20 ($1.95). Approximately 7,585,594 shares changed hands during mid-day trading, an increase of 385% from the average daily volume of 1,562,479 shares. The stock had previously closed at GBX 100.60 ($1.33).

Ceres Power Price Performance

The stock's 50-day moving average is GBX 88.49 and its 200-day moving average is GBX 88.61. The firm has a market cap of £244.35 million, a P/E ratio of -6.06 and a beta of 1.60. The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54.

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.