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Ceres Power (LON:CWR) Stock Price Up 15.1% - Time to Buy?

Ceres Power logo with Industrials background

Key Points

  • Ceres Power Holdings plc experienced a significant share price increase of 15.1% on Friday, trading at GBX 190 ($2.56) after reaching a high of GBX 192 ($2.59).
  • The company reported a negative earnings per share of GBX (10.14) for the most recent quarter, with analysts projecting an annual EPS of approximately -12.44.
  • Ceres Power is a leading developer of clean energy technology, specializing in electrolysis for green hydrogen production and fuel cells, with partnerships with major corporations like Bosch and Doosan.
  • Interested in Ceres Power? Here are five stocks we like better.

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s share price shot up 15.1% during trading on Friday . The company traded as high as GBX 192 ($2.59) and last traded at GBX 190 ($2.56). 4,376,311 shares traded 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 Price Performance

The company has a debt-to-equity ratio of 1.54, a quick ratio of 12.18 and a current ratio of 6.48. The company has a fifty day moving average price of GBX 121.61 and a two-hundred day moving average price of GBX 90.09. The company has a market cap of £368.26 million, a P/E ratio of -1,297.81 and a beta of 1.60.

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

Ceres Power Company Profile

(Get Free Report)

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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