Ceres Power (LON:CWR) Trading Down 8.6% - Here's Why

Key Points

• Ceres Power Holdings plc shares fell by 8.6% to GBX 129.30 ($1.73) amid increased trading volume of over 20 million shares, which is a significant rise of 1,201% compared to the average.
• The company's latest earnings report indicated a negative earnings per share of GBX (10.14) and a projected EPS of -12.44 for the current year, reflecting ongoing financial challenges.
• Ceres Power specializes in clean energy technology, notably in green hydrogen production and fuel cell development, with partnerships established with major corporations like Bosch and Delta.

Shares of Ceres Power Holdings plc (LON:CWR - Get Free Report) traded down 8.6% on Friday . The company traded as low as GBX 119 ($1.59) and last traded at GBX 129.30 ($1.73). 20,725,980 shares changed hands during trading, an increase of 1,201% from the average session volume of 1,593,061 shares. The stock had previously closed at GBX 141.40 ($1.89).

Ceres Power Price Performance

The company's 50-day moving average price is GBX 115.24 and its two-hundred day moving average price is GBX 86.33. 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 company has a market capitalization of £251.97 million, a P/E ratio of -887.98 and a beta of 1.60.

Ceres Power (LON:CWR - Get Free Report) last posted its 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%. As a group, sell-side analysts expect that Ceres Power Holdings plc will post -12.4426979 EPS for the current year.

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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