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

Key Points

• Ceres Power Holdings plc shares rose 15.1% during mid-day trading, reaching a high of GBX 192 ($2.59), significantly up from the previous close of GBX 165.10 ($2.23).
• The company's market capitalization is £368.26 million, with a negative PE ratio of -1,297.81 and a negative return on equity of 22.96%.
• Ceres Power specializes in clean energy technology and has formed partnerships with major companies like Bosch and Doosan to develop green hydrogen and fuel cell solutions.

Shares of Ceres Power Holdings plc (LON:CWR - Get Free Report) shot 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 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 capitalization of £368.26 million, a PE ratio of -1,297.81 and a beta of 1.60. 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 business has a fifty 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 issued 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%. Research analysts expect that Ceres Power Holdings plc will post -12.4426979 EPS for the current fiscal 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.

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