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

Key Points

• Ceres Power Holdings plc shares increased by 15.1%, reaching GBX 190 ($2.56), with trading volume rising 140% from the average.
• The company reported a negative earnings per share (EPS) of GBX (10.14) and a projected EPS of -12.44 for the current fiscal year.
• Ceres Power is recognized for its advancements in clean energy technology, notably in green hydrogen production and fuel cells, collaborating with major firms like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - Get Free Report) shares rose 15.1% during trading on Saturday . The company traded as high as GBX 192 ($2.59) and last traded at GBX 190 ($2.56). Approximately 4,376,311 shares changed hands during mid-day 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 firm has a 50 day moving average of GBX 121.61 and a two-hundred day moving average of GBX 90.09. The company has a market cap of £368.26 million, a PE ratio of -1,297.81 and a beta of 1.60. The company has a current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54.

Ceres Power (LON:CWR - Get Free Report) last issued its earnings results 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%. Research analysts predict that Ceres Power Holdings plc will post -12.4426979 earnings per share 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.

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