Ceres Power (LON:CWR) Trading 15.1% Higher - What's Next?

Key Points

• Ceres Power Holdings plc shares saw a significant increase of 15.1% on Friday, trading as high as GBX 192 ($2.59) before closing at GBX 190 ($2.56).
• The company's earnings report highlighted a negative net margin of 101.69% and a projected EPS of -12.44 for the current year.
• Ceres Power is recognized for its innovative clean energy technologies, including green hydrogen production and fuel cell development, partnering with major companies like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - Get Free Report) shares traded up 15.1% on Friday . The company 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 Stock Up 15.1%

The company's 50-day moving average is GBX 121.61 and its 200 day moving average is GBX 90.09. The company 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 debt-to-equity ratio of 1.54, a quick ratio of 12.18 and a current ratio of 6.48.

Ceres Power (LON:CWR - Get Free Report) last issued its earnings results on Friday, September 26th. The company reported GBX (10.14) EPS for the quarter. Ceres Power had a negative net margin of 101.69% and a negative return on equity of 22.96%. As a group, analysts anticipate that Ceres Power Holdings plc will post -12.4426979 EPS 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.

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