Ceres Power (LON:CWR) Trading Down 9.4% - Here's What Happened

Key Points

• Ceres Power Holdings plc shares fell by 9.4%, trading at a low of GBX 119 ($1.59) and last at GBX 128.10 ($1.71) during mid-day trading.
• The company reported a negative EPS of (10.14) for the previous quarter and has a projected EPS of -12.44 for the current fiscal year.
• Ceres Power specializes in clean energy technology, particularly in green hydrogen production and fuel cells, forming partnerships with major firms like Bosch and Doosan.

Shares of Ceres Power Holdings plc (LON:CWR - Get Free Report) were down 9.4% during mid-day trading on Friday . The company traded as low as GBX 119 ($1.59) and last traded at GBX 128.10 ($1.71). Approximately 21,239,518 shares were traded during mid-day trading, an increase of 1,231% from the average daily volume of 1,595,807 shares. The stock had previously closed at GBX 141.40 ($1.89).

Ceres Power Stock Performance

The company has a debt-to-equity ratio of 1.54, a quick ratio of 12.18 and a current ratio of 6.48. The stock's fifty day moving average price is GBX 115.24 and its 200-day moving average price is GBX 86.33. The company has a market capitalization of £245.18 million, a P/E ratio of -864.07 and a beta of 1.60.

Ceres Power (LON:CWR - Get Free Report) last announced its earnings results on Friday, September 26th. The company reported GBX (10.14) EPS 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, research analysts anticipate that Ceres Power Holdings plc will post -12.4426979 EPS 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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