Ceres Power (LON:CWR) Stock Price Up 10% - Here's Why

Key Points

• Ceres Power Holdings plc shares surged by 10% to trade at GBX 126 ($1.72) following a notable increase in trading volume.
• The company's market capitalization is approximately £247.04 million, with a high quick ratio of 12.18 indicating strong liquidity.
• Ceres Power specializes in clean energy technology, including green hydrogen production and fuel cells, partnering with major companies like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - Get Free Report) shares rose 10% during mid-day trading on Thursday . The company traded as high as GBX 126.50 ($1.70) and last traded at GBX 126 ($1.70). Approximately 1,936,093 shares traded hands during trading, an increase of 32% from the average daily volume of 1,465,257 shares. The stock had previously closed at GBX 114.50 ($1.54).

Ceres Power Stock Up 7.7%

The company has a current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54. The business has a 50-day moving average price of GBX 111.38 and a 200-day moving average price of GBX 84.19. The firm has a market cap of £280.65 million, a P/E ratio of -989.07 and a beta of 1.60.

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.