Ceres Power (LON:CWR) Trading 15.1% Higher - Still a Buy?

Key Points

• Ceres Power Holdings plc shares surged by 15.1% during trading, reaching a high of GBX 192 ($2.59) from a previous close of GBX 165.10 ($2.23).
• The company has a market capitalisation of £368.26 million and reported a negative EPS of GBX (10.14) for the latest quarter.
• Ceres Power is focused on clean energy technology, particularly in green hydrogen production and fuel cells, establishing partnerships with major firms like Bosch and Doosan.

Shares of Ceres Power Holdings plc (LON:CWR - Get Free Report) traded up 15.1% during mid-day trading on Friday . The company traded as high as GBX 192 ($2.59) and last traded at GBX 190 ($2.56). 4,376,311 shares changed hands during 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 stock has a market cap of £368.26 million, a price-to-earnings ratio of -1,297.81 and a beta of 1.60. The company 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 current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54.

Ceres Power (LON:CWR - Get Free Report) last announced 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 expect that Ceres Power Holdings plc will post -12.4426979 EPS 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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