Ceres Power (LON:CWR) Trading 43.2% Higher - What's Next?

Key Points

• Ceres Power's shares surged by 43.2%, trading at GBX 144.10 ($1.93) after closing at GBX 100.60 ($1.34) previously.
• The company has a market capitalization of £280.90 million and a price-to-earnings ratio of -6.97, highlighting its current financial challenges.
• Ceres Power is a leader in clean energy technology, focusing on electrolysis for green hydrogen and fuel cells, with partnerships with major firms like Bosch and Doosan.

Shares of Ceres Power Holdings plc (LON:CWR - ) traded up 43.2% during trading 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 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 ($1.34).

Ceres Power Stock Performance

The stock has a market capitalization of £280.90 million, a price-to-earnings ratio of -6.97 and a beta of 1.60. The company's fifty day simple moving average is GBX 86.26 and its 200 day simple moving average is GBX 88.07. The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54.

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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