Ceres Power (LON:CWR) Stock Price Up 43.2% - Here's What Happened

Key Points

• Ceres Power Holdings plc stock surged 43.2% on Monday, trading as high as GBX 150 ($2.00) and closing at GBX 144.10 ($1.93).
• The company's trading volume increased significantly to 8,007,922 shares, a 412% rise from the average session volume.
• Ceres Power specializes in clean energy technology, focusing on electrolysis for green hydrogen and fuel cells, and has established partnerships with major companies including Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - ) traded up 43.2% on Monday . The company traded as high as GBX 150 ($2.00) and last traded at GBX 144.10 ($1.93). 8,007,922 shares traded hands during trading, an increase of 412% from the average session volume of 1,565,412 shares. The stock had previously closed at GBX 100.60 ($1.34).

Ceres Power Trading Up 43.2%

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 86.26 and its 200 day simple moving average is GBX 88.07. The stock has a market capitalization of £280.90 million, a P/E ratio of -6.97 and a beta of 1.60.

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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