Ceres Power (LON:CWR) Trading Down 8.7% - Time to Sell?

Key Points

• Shares fell 8.7% to GBX 314.20 (intraday low GBX 312) on Thursday with 5.52m shares traded, about 30% below average, leaving the stock close to its 50-day moving average (GBX 310).
• Analysts remain constructive: Berenberg reiterated a "Buy" with a GBX 530 target and the consensus rating is Buy with an average price target of GBX 495.
• Operationally, Ceres combines an asset-light licensing model and partnerships with major firms (Bosch, Doosan, etc.), but it is still unprofitable—reporting negative EPS (GBX -24.52), a -145.65% net margin and negative ROE.

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s share price fell 8.7% during mid-day trading on Thursday . The company traded as low as GBX 312 and last traded at GBX 314.20. 5,523,817 shares traded hands during trading, a decline of 30% from the average session volume of 7,909,516 shares. The stock had previously closed at GBX 344.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 530 target price on shares of Ceres Power in a research report on Thursday, March 26th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Ceres Power has a consensus rating of "Buy" and an average price target of GBX 495.

Ceres Power Stock Down 7.9%

The company has a current ratio of 3.27, a quick ratio of 12.18 and a debt-to-equity ratio of 2.24. The stock's 50-day moving average is GBX 310.18 and its 200-day moving average is GBX 284.47. The company has a market cap of £617.15 million, a price-to-earnings ratio of -12.92 and a beta of 1.81.

Ceres Power (LON:CWR - Get Free Report) last released its earnings results on Thursday, March 26th. The company reported GBX (24.52) earnings per share (EPS) for the quarter. Ceres Power had a negative net margin of 145.65% and a negative return on equity of 39.26%. On average, analysts anticipate that Ceres Power Holdings plc will post -12.4426979 earnings per share 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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