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Ceres Power (LON:CWR) Shares Down 6.1% - Here's What Happened

Ceres Power logo with Industrials background

Key Points

  • Ceres Power Holdings plc experienced a share price decline of 6.1%, trading as low as GBX 110.30 ($1.49) during mid-day trading.
  • With a market capitalization of £211.72 million, the company has a significantly negative P/E ratio of -746.16 and strong liquidity ratios indicated by a current ratio of 6.48.
  • Ceres specializes in clean energy technology, focusing on green hydrogen production and fuel cells, and has partnerships with large companies such as Bosch and Doosan.
  • Interested in Ceres Power? Here are five stocks we like better.

Shares of Ceres Power Holdings plc (LON:CWR - Get Free Report) traded down 6.1% on Tuesday . The stock traded as low as GBX 110.30 ($1.49) and last traded at GBX 110.80 ($1.50). 860,362 shares traded hands during trading, a decline of 42% from the average session volume of 1,488,002 shares. The stock had previously closed at GBX 118 ($1.59).

Ceres Power Price Performance

The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18. The stock has a fifty day simple moving average of GBX 108.20 and a 200-day simple moving average of GBX 81.48. The company has a market capitalization of £199.43 million, a price-to-earnings ratio of -702.87 and a beta of 1.60.

About Ceres Power

(Get Free Report)

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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