Ceres Power (LON:CWR) Shares Up 45.2% - Should You Buy?

Key Points

• Ceres Power Holdings plc shares surged by 45.2% on Monday, trading as high as GBX 150 ($2.02) and experiencing a significant volume increase of 625% compared to its average.
• The company specializes in clean energy technology, focusing on green hydrogen creation and fuel cells, and has established partnerships with major global firms like Bosch and Doosan.
• Ceres Power has a market capitalization of £280.90 million, a P/E ratio of -6.97, and its solid oxide technology aims to decarbonize emissions-intensive industries.

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s stock price rose 45.2% during trading on Monday . The stock traded as high as GBX 150 ($1.98) and last traded at GBX 146.10 ($1.93). Approximately 11,527,625 shares were traded during trading, an increase of 625% from the average daily volume of 1,589,854 shares. The stock had previously closed at GBX 100.60 ($1.33).

Ceres Power Stock 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 firm has a 50-day moving average price of GBX 89.63 and a two-hundred day moving average price of GBX 88.33. The firm has a market cap of £228.08 million, a PE ratio of -5.66 and a beta of 1.60.

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.