Ceres Power (LON:CWR) Stock Price Down 6.1% - Should You Sell?

Key Points

• Ceres Power shares dropped 6.1% during trading, closing at GBX 110.80 ($1.50), significantly lower than the previous close of GBX 118 ($1.60).
• The company's market cap stands at £214.74 million, with a price-to-earnings ratio of -756.83, indicating potential financial challenges.
• Ceres Power specializes in clean energy technology, focusing on electrolysis for green hydrogen production and fuel cells for power generation through partnerships with major firms like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - ) shares fell 6.1% during trading on Monday . The company traded as low as GBX 110.30 ($1.49) and last traded at GBX 110.80 ($1.50). 860,362 shares changed hands during trading, a decline of 42% from the average session volume of 1,488,002 shares. The stock had previously closed at GBX 118 ($1.60).

Ceres Power Trading Down 6.1%

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 firm has a market cap of £214.74 million, a price-to-earnings ratio of -756.83 and a beta of 1.60. The business has a 50 day moving average of GBX 106.39 and a 200 day moving average of GBX 81.96.

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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