Ceres Power (LON:CWR) Stock Price Up 46.6% - Should You Buy?

Key Points

• Ceres Power's stock price rose by 46.6% on Monday, trading as high as GBX 150 ($2.02) and last at GBX 147.50 ($1.98), with nearly 9.9 million shares exchanged, representing a 527% increase in trading volume from the average.
• The company's market capitalization stands at £282.66 million, with a price-to-earnings ratio of -7.01 and a debt-to-equity ratio of 1.54.
• Ceres Power specializes in clean energy technology, including green hydrogen production and fuel cells, partnering with major firms like Bosch and Doosan to support the decarbonization of emissions-intensive industries.

Ceres Power Holdings plc (LON:CWR - Get Free Report) shares shot up 46.6% on Monday . The stock traded as high as GBX 150 ($1.99) and last traded at GBX 147.50 ($1.96). 9,894,884 shares were traded during trading, an increase of 527% from the average session volume of 1,578,516 shares. The stock had previously closed at GBX 100.60 ($1.33).

Ceres Power Stock Up 2.0%

The stock has a market capitalization of £244.35 million, a P/E ratio of -6.06 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 stock's fifty day moving average is GBX 88.49 and its two-hundred day moving average is GBX 88.61.

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.