Ceres Power (LON:CWR) Stock Price Down 11.5% - Here's Why

Key Points

• Ceres Power Holdings plc shares fell by 11.5%, closing at GBX 125.20 ($1.67) after previously being at GBX 141.40 ($1.89).
• The company's earnings report revealed a negative earnings per share of GBX (10.14) and a troubling net margin of -101.69%.
• Ceres Power is recognized for its clean energy technology, focusing on green hydrogen production and establishing partnerships with major firms like Bosch and Doosan.

Shares of Ceres Power Holdings plc (LON:CWR - Get Free Report) dropped 11.5% on Friday . The stock traded as low as GBX 119 ($1.59) and last traded at GBX 125.20 ($1.67). Approximately 20,317,518 shares were traded during trading, an increase of 1,177% from the average daily volume of 1,590,877 shares. The stock had previously closed at GBX 141.40 ($1.89).

Ceres Power Trading Down 8.6%

The firm has a market capitalization of £250.61 million, a price-to-earnings ratio of -883.20 and a beta of 1.60. The business's 50-day simple moving average is GBX 115.24 and its two-hundred day simple moving average is GBX 86.33. 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 (LON:CWR - Get Free Report) last posted its earnings results on Friday, September 26th. The company reported GBX (10.14) earnings per share for the quarter. Ceres Power had a negative net margin of 101.69% and a negative return on equity of 22.96%. Equities analysts forecast that Ceres Power Holdings plc will post -12.4426979 earnings per share for the current year.

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.

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