Ceres Power (LON:CWR) Trading Down 6.1% - Time to Sell?

Key Points

• Ceres Power's share price fell by 6.1% on Monday, trading as low as GBX 110.30, a significant decline from its previous closing price of GBX 118.
• The company's market capitalization stands at £214.74 million, while it shows a negative P/E ratio of -756.83 and a debt-to-equity ratio of 1.54.
• Ceres Power specializes in clean energy technology, including electrolysis for green hydrogen production and fuel cells, partnering with major corporations like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - )'s share price fell 6.1% during trading on Monday . The stock traded as low as GBX 110.30 ($1.49) and last traded at GBX 110.80 ($1.50). 860,362 shares were traded during trading, a decline of 42% from the average session volume of 1,488,002 shares. The stock had previously closed at GBX 118 ($1.60).

Ceres Power Trading Down 6.1%

The company has a market capitalization of £214.74 million, a P/E ratio of -756.83 and a beta of 1.60. 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 firm has a fifty day moving average price of GBX 106.39 and a 200-day moving average price of GBX 81.96.

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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