Ceres Power (LON:CWR) Trading Down 14.4% - Here's What Happened

Key Points

• Ceres Power's stock plunged 14.4%, reaching a low of GBX 115.84 ($1.55) during mid-day trading, following a previous close of GBX 141.40 ($1.89).
• The company reported a negative EPS of GBX (10.14) for the last quarter, with analysts predicting a further negative EPS for the current fiscal year.
• Ceres Power specializes in clean energy technology and maintains partnerships with major companies like Bosch and Doosan to enhance the electrification and decarbonization of various industries.

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s stock price traded down 14.4% during mid-day trading on Friday . The stock traded as low as GBX 115.84 ($1.55) and last traded at GBX 121.10 ($1.62). 17,873,377 shares changed hands during trading, an increase of 1,033% from the average session volume of 1,577,807 shares. The stock had previously closed at GBX 141.40 ($1.89).

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 company has a market capitalization of £244.06 million, a PE ratio of -860.12 and a beta of 1.60. The business has a 50 day simple moving average of GBX 115.24 and a 200 day simple moving average of GBX 86.33.

Ceres Power (LON:CWR - Get Free Report) last issued its quarterly earnings results on Friday, September 26th. The company reported GBX (10.14) earnings per share for the quarter. Ceres Power had a negative return on equity of 22.96% and a negative net margin of 101.69%. Equities research analysts predict that Ceres Power Holdings plc will post -12.4426979 EPS for the current fiscal year.

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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