Ceres Power (LON:CWR) Trading 20.1% Higher - Here's What Happened

Key Points

• Ceres Power's stock surged by 20.1% on Monday, reaching a trading high of GBX 122 ($1.64).
• The company specializes in clean energy technology, particularly in developing green hydrogen and fuel cell technology, and has notable partnerships with major corporations like Bosch and Doosan.
• Ceres Power has demonstrated strong financial metrics, including a quick ratio of 12.18 and a current ratio of 6.48, indicating solid liquidity.

Shares of Ceres Power Holdings plc (LON:CWR - Get Free Report) shot up 20.1% during trading on Monday . The stock traded as high as GBX 122 ($1.62) and last traded at GBX 120.78 ($1.60). 5,539,300 shares were traded during mid-day trading, an increase of 258% from the average session volume of 1,548,269 shares. The stock had previously closed at GBX 100.60 ($1.33).

Ceres Power Trading Up 2.0%

The firm has a market cap of £244.35 million, a P/E ratio of -6.06 and a beta of 1.60. 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 firm's 50-day simple moving average is GBX 88.49 and its 200 day simple moving average is GBX 88.61.

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.