Ceres Power (LON:CWR) Stock Price Up 15.1% - Still a Buy?

Key Points

• Ceres Power Holdings plc shares surged by 15.1%, trading at GBX 190 ($2.56), with a significant increase in trading volume of 140% compared to its average session.
• The company has reported a negative EPS of GBX (10.14) for the last quarter and is projected to have a negative EPS of -12.44 for the current year.
• Ceres Power is known for its clean energy technology, specializing in green hydrogen and fuel cells, and has established partnerships with major companies like Bosch and Doosan.

Shares of Ceres Power Holdings plc (LON:CWR - Get Free Report) shot up 15.1% on Saturday . The stock traded as high as GBX 192 ($2.59) and last traded at GBX 190 ($2.56). 4,376,311 shares changed hands during trading, an increase of 140% from the average session volume of 1,824,499 shares. The stock had previously closed at GBX 165.10 ($2.23).

Ceres Power Stock Up 15.1%

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 company has a market cap of £368.26 million, a price-to-earnings ratio of -1,297.81 and a beta of 1.60. The stock has a fifty day moving average price of GBX 121.61 and a two-hundred day moving average price of GBX 90.09.

Ceres Power (LON:CWR - Get Free Report) last released its quarterly 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%. As a group, sell-side analysts expect that Ceres Power Holdings plc will post -12.4426979 EPS 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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