Ceres Power (LON:CWR) Stock Price Up 15.1% - Should You Buy?

Key Points

• Ceres Power Holdings plc saw its stock price increase by 15.1%, trading at GBX 190 ($2.56) after reaching a high of GBX 192 ($2.59).
• The company's recent earnings report revealed a negative EPS of GBX (10.14) and it is expected to post a negative EPS of -12.44 for the current fiscal year.
• Ceres Power is a leader in clean energy technology, focusing on green hydrogen production and fuel cells, with partnerships with major companies like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s share price rose 15.1% during trading on Saturday . The stock traded as high as GBX 192 ($2.59) and last traded at GBX 190 ($2.56). Approximately 4,376,311 shares were traded during trading, an increase of 140% from the average daily volume of 1,824,499 shares. The stock had previously closed at GBX 165.10 ($2.23).

Ceres Power Price Performance

The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18. The company has a 50 day moving average price of GBX 121.61 and a 200 day moving average price of GBX 90.09. The firm has a market cap of £368.26 million, a PE ratio of -1,297.81 and a beta of 1.60.

Ceres Power (LON:CWR - Get Free Report) last released its earnings results on Friday, September 26th. The company reported GBX (10.14) EPS for the quarter. Ceres Power had a negative net margin of 101.69% and a negative return on equity of 22.96%. Sell-side analysts expect that Ceres Power Holdings plc will post -12.4426979 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.