Ceres Power (LON:CWR) Stock Price Up 20.7% - What's Next?

Key Points

• Ceres Power Holdings plc shares surged by 20.7% on Wednesday, reaching a high of GBX 258.80 ($3.47), with trading volume increasing by 3,515% from the average.
• The company reported a quarterly EPS of GBX (10.14) with a negative net margin of 101.69%, and forecasts suggest they will post an EPS of -12.44 for the current fiscal year.
• Ceres Power is a key player in clean energy technology, focusing on green hydrogen production and fuel cells, and has established partnerships with major firms such as Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - Get Free Report) was up 20.7% during trading on Wednesday . 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 Trading Down 3.2%

The company's 50 day moving average price is GBX 135.86 and its 200 day moving average price is GBX 98.33. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18. The firm has a market cap of £481.78 million, a PE ratio of -1,361.10 and a beta of 1.60.

Ceres Power (LON:CWR - Get Free Report) last posted its quarterly earnings data on Friday, September 26th. The company reported GBX (10.14) EPS for the quarter. Ceres Power had a negative net margin of 101.69% and a negative return on equity of 22.96%. As a group, analysts forecast 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.

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