Ceres Power (LON:CWR) Stock Price Up 46.7% - Time to Buy?

Key Points

• Ceres Power's stock surged 46.7% on Monday, reaching a high of GBX 150 ($2.02) amid increased trading volume of approximately 10.9 million shares.
• The company specializes in clean energy technology, focusing on green hydrogen production and fuel cells, and has established partnerships with major firms such as Bosch and Doosan.
• Ceres has a market capitalization of £280.90 million and a current ratio indicating strong liquidity at 6.48, despite a negative P/E ratio of -6.97.

Shares of Ceres Power Holdings plc (LON:CWR - ) rose 46.7% on Monday . The company traded as high as GBX 150 ($2.02) and last traded at GBX 147.60 ($1.98). Approximately 10,901,339 shares were traded during trading, an increase of 588% from the average daily volume of 1,585,505 shares. The stock had previously closed at GBX 100.60 ($1.35).

Ceres Power Price Performance

The firm has a 50 day moving average of GBX 84.83 and a 200-day moving average of GBX 88.25. The company has a market cap of £280.90 million, a P/E ratio of -6.97 and a beta of 1.60. The company has a current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54.

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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