Ceres Power (LON:CWR) Trading 43.2% Higher - Here's Why

Key Points

• Ceres Power shares surged by 43.2%, trading at a high of GBX 150 ($2.00) after closing at GBX 100.60 ($1.34) previously.
• The company's market capitalization is approximately £286.23 million, with a PE ratio of -7.10 and a high trading volume increase of 412% compared to the average.
• Ceres Power specializes in clean energy technology, particularly in electrolysis for green hydrogen and fuel cell development, partnering with major firms like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s share price rose 43.2% on Tuesday . The company traded as high as GBX 150 ($1.98) and last traded at GBX 144.10 ($1.90). Approximately 8,007,922 shares traded hands during mid-day trading, an increase of 412% from the average daily volume of 1,565,412 shares. The stock had previously closed at GBX 100.60 ($1.33).

Ceres Power Trading Down 5.7%

The company has a market cap of £228.44 million, a price-to-earnings ratio of -5.67 and a beta of 1.60. The business's fifty day moving average price is GBX 89.63 and its 200 day moving average price is GBX 88.33. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18.

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.