Ceres Power (LON:CWR) Shares Up 20.1% - Here's Why

Key Points

• Ceres Power Holdings plc shares increased by 20.1% on Monday, reaching a last trading value of GBX 120.78 ($1.62), significantly up from a previous close of GBX 100.60 ($1.35).
• The company's market capitalization stands at £256.91 million, with a PE ratio of -6.37 and a debt-to-equity ratio of 1.54.
• Ceres Power specializes in clean energy technology, focusing on electrolysis for green hydrogen production and fuel cells for power generation, and has established partnerships with major companies like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - Get Free Report) traded up 20.1% during mid-day trading on Monday . The stock traded as high as GBX 122 ($1.62) and last traded at GBX 120.78 ($1.60). 5,539,300 shares traded hands during mid-day trading, an increase of 258% from the average session volume of 1,548,269 shares. The stock had previously closed at GBX 100.60 ($1.33).

Ceres Power Trading Up 2.0%

The firm's 50-day moving average price is GBX 88.49 and its 200-day moving average price is GBX 88.61. 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 company has a market cap of £244.35 million, a P/E ratio of -6.06 and a beta of 1.60.

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.