Ceres Power (LON:CWR) Shares Up 43.2% - Here's Why

Key Points

• Ceres Power Holdings plc experienced a significant stock price increase of 43.2%, reaching GBX 144.10 ($1.93) after trading as high as GBX 150 ($2.00).
• The company’s trading volume surged to approximately 8 million shares, showing a considerable increase of 412% compared to its average daily volume.
• Ceres Power is recognized for its clean energy technology, partnering with major firms like Bosch and Doosan to develop green hydrogen solutions and fuel cell technology.

Ceres Power Holdings plc (LON:CWR - Get Free Report) traded up 43.2% during trading on Monday . The company traded as high as GBX 150 ($2.00) and last traded at GBX 144.10 ($1.92). 8,007,922 shares changed hands during mid-day 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 Stock Down 8.9%

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 company has a market cap of £255.95 million, a P/E ratio of -6.35 and a beta of 1.60. The stock has a 50-day moving average of GBX 87.46 and a 200 day moving average of GBX 88.37.

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.