Ceres Power (LON:CWR) Trading Up 10.2% - Here's What Happened

Key Points

• Ceres Power Holdings plc saw a 10.2% increase in stock price on Monday, reaching GBX 142.10 ($1.91) after closing at GBX 129 ($1.73).
• The company reported a negative EPS of GBX (10.14) for the last quarter and is projected to have an EPS of -12.44 for the current fiscal year.
• Ceres Power specializes in clean energy technology, focusing on electrolysis for green hydrogen and fuel cells, and has partnerships with major companies like Bosch and Doosan.

Shares of Ceres Power Holdings plc (LON:CWR - Get Free Report) were up 10.2% on Monday . The company traded as high as GBX 142.10 ($1.91) and last traded at GBX 142.10 ($1.91). Approximately 1,381,433 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 1,519,422 shares. The stock had previously closed at GBX 129 ($1.73).

Ceres Power Price Performance

The firm has a market cap of £275.42 million, a price-to-earnings ratio of -970.63 and a beta of 1.60. 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 company has a 50 day moving average of GBX 116.65 and a 200 day moving average of GBX 87.74.

Ceres Power (LON:CWR - Get Free Report) last issued its quarterly earnings data 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%. Equities research analysts predict 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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