Ceres Power (LON:CWR) Trading 46.7% Higher - Here's Why

Key Points

• Ceres Power Holdings plc shares surged by 46.7% during trading on Monday, reaching a high of GBX 150 ($2.02) from a previous close of GBX 100.60 ($1.35).
• The company's market capitalization stands at £280.90 million with a negative P/E ratio of -6.97, indicating potential losses relative to earnings.
• Ceres Power specializes in clean energy technology, particularly in the fields of green hydrogen production and fuel cells, partnering with major companies like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - ) shares traded up 46.7% during trading on Monday . The stock traded as high as GBX 150 ($2.02) and last traded at GBX 147.60 ($1.98). 10,901,339 shares traded hands during mid-day trading, an increase of 588% from the average session volume of 1,585,505 shares. The stock had previously closed at GBX 100.60 ($1.35).

Ceres Power Stock Up 43.2%

The stock 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 current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54. The firm's fifty day moving average is GBX 84.83 and its 200 day moving average is GBX 88.25.

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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