Ceres Power (LON:CWR) Stock Price Up 20.7% - Here's Why

Key Points

• Ceres Power Holdings plc shares surged by 20.7%, closing at GBX 258.60 ($3.47), following a significant increase in trading volume of 3,515% compared to its average daily volume.
• The company specializes in clean energy technology such as electrolytic green hydrogen production and solid oxide fuel cells, established partnerships with major corporations like Bosch and Doosan.
• Ceres Power reported a quarterly loss with a negative net margin of 101.69%, and analysts expect the company to post -12.44 earnings per share for the current year.

Ceres Power Holdings plc (LON:CWR - Get Free Report) shares rose 20.7% on Thursday . The stock traded as high as GBX 258.80 ($3.47) and last traded at GBX 258.60 ($3.47). Approximately 80,881,109 shares were traded during mid-day trading, an increase of 3,515% from the average daily volume of 2,237,261 shares. The stock had previously closed at GBX 214.20 ($2.87).

Ceres Power Price Performance

The firm's 50-day moving average is GBX 135.86 and its two-hundred day moving average is GBX 98.33. The company has a market cap of £484.40 million, a P/E ratio of -1,368.49 and a beta of 1.60. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18.

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

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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