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

Key Points

• Ceres Power Holdings shares surged by 43.2% during trading on Monday, reaching a last traded price of GBX 144.10 ($1.94).
• The company has a market capitalization of £280.90 million and significant liquidity ratios, including a current ratio of 6.48.
• Ceres Power specializes in clean energy technology, focusing on green hydrogen production and fuel cells for power generation, with partnerships involving major companies like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - ) shares traded up 43.2% during trading on Monday . The company traded as high as GBX 150 ($2.02) and last traded at GBX 144.10 ($1.94). 8,007,922 shares changed hands during trading, an increase of 412% from the average session volume of 1,565,412 shares. The stock had previously closed at GBX 100.60 ($1.35).

Ceres Power Trading Up 43.2%

The firm has a fifty day simple moving average of GBX 84.83 and a two-hundred day simple moving average of GBX 88.25. The firm has a market capitalization 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 current ratio of 6.48 and a quick ratio of 12.18.

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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