Ceres Power (LON:CWR) Trading Up 43.2% - Still a Buy?

Key Points

• Ceres Power Holdings plc shares surged by 43.2% during mid-day trading on Monday, reaching a high of GBX 150 ($2.02) before closing at GBX 144.10 ($1.94).
• The trading volume increased dramatically, with 8,007,922 shares traded, representing a 412% increase from the average session volume.
• Ceres Power specializes in clean energy technology, notably in electrolysis for green hydrogen production and fuel cells, and has established notable partnerships with major companies like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s stock price shot up 43.2% on Monday . The stock traded as high as GBX 150 ($2.00) and last traded at GBX 144.10 ($1.93). 8,007,922 shares traded hands during mid-day trading, an increase of 412% from the average session volume of 1,565,412 shares. The stock had previously closed at GBX 100.60 ($1.34).

Ceres Power Stock Down 8.9%

The business has a fifty day moving average of GBX 86.26 and a 200 day moving average of GBX 88.07. The company has a market capitalization of £255.95 million, a PE ratio of -6.35 and a beta of 1.60. The company has a current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54.

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.