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

Key Points

• Ceres Power's stock surged by 15.1% during Saturday's trading, reaching a last traded price of GBX 190 ($2.56).
• The company has a market capitalization of £368.26 million and reported a negative net margin of 101.69% in its latest earnings report.
• Ceres Power specializes in clean energy technology, focusing on electrolysis for green hydrogen creation and fuel cells for power generation, partnering with major firms like Bosch and Doosan.

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

Ceres Power Stock Up 15.1%

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

Ceres Power (LON:CWR - Get Free Report) last released its quarterly earnings data on Friday, September 26th. The company reported GBX (10.14) EPS for the quarter. Ceres Power had a negative return on equity of 22.96% and a negative net margin of 101.69%. As a group, equities research 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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