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

Key Points

• Ceres Power Holdings plc saw a significant stock increase of 15.1%, closing at GBX 190 ($2.56) after trading as high as GBX 192 ($2.59).
• The company reported a negative EPS of GBX (10.14) for the last quarter, with analysts predicting an average of -12.44 EPS for the current year.
• Ceres Power specializes in clean energy technology, focusing on green hydrogen production and fuel cells, partnering with major companies like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - Get Free Report) rose 15.1% during trading on Saturday . The stock traded as high as GBX 192 ($2.59) and last traded at GBX 190 ($2.56). Approximately 4,376,311 shares traded hands during mid-day 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 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 business has a fifty day moving average of GBX 121.61 and a 200 day moving average of GBX 90.09. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18.

Ceres Power (LON:CWR - Get Free Report) last posted its earnings results 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%. On average, equities analysts predict 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.

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