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

Key Points

• Ceres Power Holdings plc experienced a significant stock increase of 15.1%, with shares trading at GBX 190 ($2.56) after a peak at GBX 192 ($2.59).
• The company reported a negative EPS of GBX (10.14) for the quarter and has a projected earnings per share of -12.44 for the current year.
• Ceres Power is known for its clean energy technology, including green hydrogen production and fuel cells, and has partnered with major companies like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s stock price traded up 15.1% during 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 were traded 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 Price Performance

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

Ceres Power (LON:CWR - Get Free Report) last posted 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%. Research analysts anticipate that Ceres Power Holdings plc will post -12.4426979 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.