Ceres Power (LON:CWR) Trading 15.1% Higher - Here's What Happened

Key Points

• Ceres Power Holdings plc shares surged by 15.1% on Saturday, trading as high as GBX 192 ($2.59) following a significant increase in trading volume.
• The company reported a negative earnings per share of GBX (10.14) for the last quarter and has a projected EPS of -12.44 for the current year.
• Ceres Power is recognized for its clean energy technology, focusing on electrolysis for green hydrogen production and partnerships with major companies like Bosch and Doosan.

Shares of Ceres Power Holdings plc (LON:CWR - Get Free Report) traded up 15.1% during mid-day trading on Saturday . The stock traded as high as GBX 192 ($2.59) and last traded at GBX 190 ($2.56). 4,376,311 shares traded hands during mid-day trading, an increase of 140% from the average session volume of 1,824,499 shares. The stock had previously closed at GBX 165.10 ($2.23).

Ceres Power Trading Up 15.1%

The firm has a 50-day simple moving average of GBX 121.61 and a 200-day simple moving average of GBX 90.09. The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54. The stock has a market cap of £368.26 million, a PE ratio of -1,297.81 and a beta of 1.60.

Ceres Power (LON:CWR - Get Free Report) last issued its quarterly earnings data on Friday, September 26th. The company reported GBX (10.14) earnings per share (EPS) for the quarter. Ceres Power had a negative return on equity of 22.96% and a negative net margin of 101.69%. Equities analysts forecast that Ceres Power Holdings plc will post -12.4426979 earnings per share for the current year.

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.

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