Ceres Power (LON:CWR) Trading Up 46.3% - Here's Why

Key Points

• Ceres Power's shares surged by 46.3% on Monday, reaching a high of GBX 149 ($2.00) after closing at GBX 100.60 ($1.35) previously.
• Trading volume increased dramatically to 7,585,594 shares, up 385% from the average session volume, indicating a surge in investor interest.
• The company specializes in clean energy technology, focusing on green hydrogen production and partnerships with major global firms like Bosch and Doosan.

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

Ceres Power Trading Up 2.0%

The firm has a fifty day moving average of GBX 88.49 and a two-hundred day moving average of GBX 88.61. The company has a market cap of £244.35 million, a PE ratio of -6.06 and a beta of 1.60. The company has a current ratio of 6.48, a quick ratio of 12.18 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.