Ceres Power (LON:CWR) Trading Up 17.5% - Should You Buy?

Key Points

• Ceres Power Holdings plc shares rose by 17.5% during trading, reaching a last traded price of GBX 134.50 ($1.83), significantly increasing from a previous close of GBX 114.50 ($1.56).
• The company's market capitalization is £260.69 million with a P/E ratio of -918.72 and a beta of 1.60, indicating high volatility.
• Ceres Power specializes in clean energy technology, partnering with major firms to develop solutions for green hydrogen production and decarbonizing emissions-intensive industries.

Ceres Power Holdings plc (LON:CWR - Get Free Report) shares were up 17.5% during mid-day trading on Thursday . The company traded as high as GBX 139 ($1.87) and last traded at GBX 134.50 ($1.81). Approximately 4,604,260 shares traded hands during trading, an increase of 211% from the average daily volume of 1,479,998 shares. The stock had previously closed at GBX 114.50 ($1.54).

Ceres Power Trading Up 7.7%

The stock has a market cap of £280.65 million, a price-to-earnings ratio of -989.07 and a beta of 1.60. The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54. The business has a 50-day moving average of GBX 111.38 and a 200-day moving average of GBX 84.06.

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.