Ceres Power (LON:CWR) Stock Price Up 15.1% - What's Next?

Key Points

• Ceres Power Holdings plc's stock surged 15.1% on Saturday, reaching a trading high of GBX 192 ($2.59) and closing at GBX 190 ($2.56), with trading volume increasing by 140% compared to its average daily volume.
• The company reported a negative earnings per share of GBX (10.14) for the quarter ending September 26th and has an expected EPS of -12.44 for the current fiscal year.
• Ceres Power specializes in clean energy technology, focusing on green hydrogen production and fuel cells, and has partnerships with major firms like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - Get Free Report) shares rose 15.1% during mid-day 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 changed hands 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 Stock Up 15.1%

The business has a 50-day moving average price of GBX 121.61 and a 200 day moving average price of GBX 90.09. The company has a current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54. The stock has a market capitalization 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 released its quarterly earnings results on Friday, September 26th. The company reported GBX (10.14) earnings per share (EPS) for the quarter. Ceres Power had a negative net margin of 101.69% and a negative return on equity of 22.96%. On average, equities 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.