Ceres Power (LON:CWR) Stock Price Up 17.5% - Still a Buy?

Key Points

• Ceres Power's stock price surged 17.5% during trading, reaching GBX 139 ($1.89) at its peak, significantly up from a previous close of GBX 114.50 ($1.56).
• The company's market capitalization stands at £260.69 million, with a notably high PE ratio of -918.72.
• Ceres Power is recognized for its development of clean energy technologies, including green hydrogen production and fuel cells, with partnerships involving major companies like Bosch and Doosan.

Shares of Ceres Power Holdings plc (LON:CWR - ) rose 17.5% during trading on Thursday . The stock traded as high as GBX 139 ($1.89) and last traded at GBX 134.50 ($1.83). Approximately 4,604,260 shares were traded during mid-day trading, an increase of 211% from the average daily volume of 1,479,998 shares. The stock had previously closed at GBX 114.50 ($1.56).

Ceres Power Stock Performance

The firm's 50-day moving average is GBX 109.91 and its 200 day moving average is GBX 83.08. The stock has a market cap of £260.69 million, a PE ratio of -918.72 and a beta of 1.60. The company has a debt-to-equity ratio of 1.54, a quick ratio of 12.18 and a current ratio of 6.48.

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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