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

Key Points

• Ceres Power's shares surged 20.7% on Thursday, reaching GBX 258.60 ($3.47), with a trading volume that spiked 3,515% above the average.
• The company reported a negative EPS of GBX (10.14) for the most recent quarter, with a forecast of -12.44 EPS for the current year.
• Ceres Power specializes in clean energy technology such as green hydrogen production and fuel cells, partnering with major companies like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - Get Free Report) shares traded up 20.7% during trading on Thursday . 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 Price Performance

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 capitalization of £484.40 million, a P/E ratio of -1,368.49 and a beta of 1.60. The company's fifty day moving average price is GBX 135.86 and its 200 day moving average price is GBX 98.33.

Ceres Power (LON:CWR - Get Free Report) last posted its quarterly earnings results on Friday, September 26th. The company reported GBX (10.14) earnings per share (EPS) for the quarter. Ceres Power had a negative return on equity of 22.96% and a negative net margin of 101.69%. As a group, sell-side analysts forecast that Ceres Power Holdings plc will post -12.4426979 EPS 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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