Ceres Power (LON:CWR) Trading Down 6.1% - What's Next?

Key Points

• Ceres Power shares dropped 6.1%, trading at GBX 110.80 ($1.50) after closing at GBX 118 ($1.60) the previous day.
• The company's market cap is £214.74 million, with a significant debt-to-equity ratio of 1.54 and a negative P/E ratio of -756.83.
• Ceres Power specializes in clean energy technology, focusing on electrolysis for green hydrogen production and fuel cell development, partnering with major firms such as Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - ) shares fell 6.1% 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 traded hands during mid-day 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 quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54. The firm has a market cap of £214.74 million, a price-to-earnings ratio of -756.83 and a beta of 1.60. The business's fifty day moving average is GBX 106.39 and its two-hundred day moving average is 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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