Ceres Power (LON:CWR) Trading 14.5% Higher - Time to Buy?

Key Points

• Ceres Power Holdings plc stock price surged 14.5% during mid-day trading, reaching a peak of GBX 116.20 ($1.58), following an increase in trading volume of 752% compared to its average daily volume.
• The company boasts a quick ratio of 12.18 and a debt-to-equity ratio of 1.54, indicating strong liquidity and manageable debt levels.
• Ceres Power is recognized for its clean energy technology, focusing on green hydrogen production and power generation through its partnerships with major global companies.

Ceres Power Holdings plc (LON:CWR - Get Free Report) rose 14.5% on Thursday . The stock traded as high as GBX 116.20 ($1.57) and last traded at GBX 115 ($1.55). Approximately 13,008,398 shares changed hands during trading, an increase of 752% from the average daily volume of 1,527,380 shares. The stock had previously closed at GBX 100.40 ($1.35).

Ceres Power Stock Up 7.7%

The company has a 50 day simple moving average of GBX 111.38 and a two-hundred day simple moving average of GBX 84.19. 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 company has a market capitalization of £280.65 million, a P/E ratio of -989.07 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.