Ceres Power (LON:CWR) Trading 20.7% Higher - Should You Buy?

Key Points

• Ceres Power Holdings plc observed a significant increase in share price, trading 20.7% higher at GBX 258.60 ($3.44) with a trading volume surge of 3,515% compared to its average.
• The company reported a negative EPS of GBX (10.14) and has a market cap of £501.57 million, showcasing continued operational challenges as indicated by a negative return on equity of 22.96% and net margin.
• Ceres Power is a leader in clean energy technology, specializing in green hydrogen electrolysis and fuel cells, and has established partnerships with major companies like Bosch and Doosan to promote decarbonization in industries such as steelmaking.

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s stock price traded up 20.7% during trading on Wednesday . The stock traded as high as GBX 258.80 ($3.47) and last traded at GBX 258.60 ($3.47). 80,881,109 shares were traded during trading, an increase of 3,515% from the average session volume of 2,237,261 shares. The stock had previously closed at GBX 214.20 ($2.87).

Ceres Power Trading Up 20.7%

The firm has a market capitalization of £501.57 million, a PE ratio of -1,416.99 and a beta of 1.60. The firm's fifty day moving average is GBX 133.01 and its two-hundred day moving average is GBX 97.21. 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 announced its quarterly earnings data 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 EPS for the current fiscal year.

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.

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