Ceres Power (LON:CWR) Stock Price Up 45.2% - Time to Buy?

Key Points

• Ceres Power Holdings plc experienced a significant rise in stock price, up 45.2% during mid-day trading, reaching a high of GBX 150 ($2.02) from a previous close of GBX 100.60 ($1.35).
• Trading volume surged to 11.5 million shares, marking a 625% increase from its average session volume.
• The company specializes in clean energy technology, focusing on green hydrogen production and has established partnerships with major firms like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - ) shot up 45.2% during mid-day trading on Monday . The company traded as high as GBX 150 ($2.02) and last traded at GBX 146.10 ($1.96). 11,527,625 shares traded hands during mid-day trading, an increase of 625% from the average session volume of 1,589,854 shares. The stock had previously closed at GBX 100.60 ($1.35).

Ceres Power Trading Up 43.2%

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's fifty day moving average is GBX 84.83 and its 200-day moving average is GBX 88.25. The stock has a market cap of £280.90 million, a PE ratio of -6.97 and a beta of 1.60.

About Ceres Power

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.