Ceres Power (LON:CWR) Stock Price Up 43.2% - Should You Buy?

Key Points

• Ceres Power Holdings plc stock rose by 43.2% during mid-day trading, reaching a high of GBX 150 ($2.00) and closing at GBX 144.10 ($1.93).
• The company has a market capitalization of £280.90 million, with a negative PE ratio of -6.97 and a beta of 1.60, indicating a higher volatility compared to the market.
• Ceres Power specializes in clean energy technology focused on green hydrogen production and has partnered with major corporations such as Bosch and Doosan.

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

Ceres Power Price Performance

The firm has a market cap of £280.90 million, a PE ratio of -6.97 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. The firm has a 50-day simple moving average of GBX 86.26 and a 200 day simple moving average of GBX 88.07.

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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