Ceres Power (LON:CWR) Trading 17.5% Higher - Here's Why

Key Points

• Ceres Power Holdings saw a significant stock increase of 17.5%, with shares last trading at GBX 134.50 ($1.83), up from a previous close of GBX 114.50 ($1.56).
• The trading volume surged by 211% to 4,604,260 shares during mid-day trading, indicating heightened investor interest.
• Ceres specializes in clean energy technology, developing solutions for green hydrogen and fuel cells, with partnerships alongside major companies such as Bosch and Delta.

Ceres Power Holdings plc (LON:CWR - Get Free Report) rose 17.5% on Thursday . The company traded as high as GBX 139 ($1.88) and last traded at GBX 134.50 ($1.82). Approximately 4,604,260 shares changed hands during mid-day trading, an increase of 211% from the average daily volume of 1,479,998 shares. The stock had previously closed at GBX 114.50 ($1.55).

Ceres Power Trading Up 1.5%

The stock has a market cap of £284.92 million, a price-to-earnings ratio of -1,004.10 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 112.39 and a 200-day moving average of GBX 84.93.

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.