Ceres Power (LON:CWR) Trading 46.3% Higher - Should You Buy?

Key Points

• Ceres Power's stock price surged by 46.3% during mid-day trading, reaching a high of GBX 149 ($2.00) after previously closing at GBX 100.60 ($1.35).
• More than 7.5 million shares were traded, an increase of 385% compared to the average session volume.
• Ceres Power is recognized for its clean energy technology, focusing on green hydrogen production and fuel cells, and has partnered with major firms such as Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - Get Free Report) traded up 46.3% during trading on Monday . The stock traded as high as GBX 149 ($1.98) and last traded at GBX 147.20 ($1.95). 7,585,594 shares traded hands during mid-day trading, an increase of 385% from the average session volume of 1,562,479 shares. The stock had previously closed at GBX 100.60 ($1.33).

Ceres Power Stock Performance

The company has a market cap of £244.35 million, a PE ratio of -6.06 and a beta of 1.60. The firm's fifty day moving average is GBX 88.49 and its 200 day moving average is GBX 88.61. 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.