Ceres Power (LON:CWR) Trading 43.2% Higher - Here's Why

Key Points

• Ceres Power Holdings plc shares surged by 43.2% on Monday, reaching up to GBX 150 ($2.00) and closing at GBX 144.10 ($1.93), with trading volume increasing by 412% compared to its average.
• The company specializes in clean energy technology, including green hydrogen production and fuel cells, and has partnered with major firms like Bosch and Doosan.
• Ceres Power holds a market capitalization of £280.90 million and has a negative P/E ratio of -6.97, indicating its current losses relative to earnings.

Shares of Ceres Power Holdings plc (LON:CWR - ) traded up 43.2% on Monday . The company 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 Price Performance

The company has a market cap of £280.90 million, a P/E ratio of -6.97 and a beta of 1.60. The company has a debt-to-equity ratio of 1.54, a quick ratio of 12.18 and a current ratio of 6.48. The firm has a 50 day moving average price of GBX 86.26 and a two-hundred day moving average price of GBX 88.07.

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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