Ceres Power (LON:CWR) Trading 15.1% Higher - Should You Buy?

Key Points

• Ceres Power's stock price rose by 15.1% on Friday, reaching GBX 192 ($2.59) during trading, with significant trading volume increasing 140% from the average.
• The company reported negative performance metrics, including an earnings per share (EPS) of GBX (10.14) and a negative return on equity of 22.96%.
• Ceres Power is recognized for its clean energy technology, particularly in green hydrogen production and fuel cells, and has established partnerships with major companies like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s stock price rose 15.1% during trading on Friday . The company traded as high as GBX 192 ($2.59) and last traded at GBX 190 ($2.56). Approximately 4,376,311 shares were traded during 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 current ratio of 6.48 and a quick ratio of 12.18. The business 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 market capitalization of £368.26 million, a price-to-earnings ratio of -1,297.81 and a beta of 1.60.

Ceres Power (LON:CWR - Get Free Report) last posted its earnings results 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%. As a group, equities analysts predict that Ceres Power Holdings plc will post -12.4426979 earnings per share for the current fiscal 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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