Ceres Power (LON:CWR) Stock Price Up 41.6% - Time to Buy?

Key Points

• Ceres Power Holdings plc's stock price surged by 41.6% during trading on Monday, reaching a high of GBX 150 ($2.02) before closing at GBX 142.40 ($1.91).
• The increased trading activity saw approximately 10.4 million shares exchanged, marking a 560% rise in volume compared to its average daily trading volume.
• Ceres Power focuses on developing clean energy technology, including electrolysis for green hydrogen production and fuel cells, partnering with major companies like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - ) rose 41.6% during trading on Monday . The company traded as high as GBX 150 ($2.02) and last traded at GBX 142.40 ($1.91). Approximately 10,438,446 shares changed hands during trading, an increase of 560% from the average daily volume of 1,581,905 shares. The stock had previously closed at GBX 100.60 ($1.35).

Ceres Power Stock Up 40.7%

The company has a market capitalization of £275.96 million, a PE ratio of -6.85 and a beta of 1.60. The stock's fifty day moving average is GBX 84.83 and its two-hundred day moving average is GBX 88.25. The company has a current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54.

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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