Ceres Power (LON:CWR) Shares Up 14.5% - Time to Buy?

Key Points

• Ceres Power Holdings plc saw a significant stock price increase of 14.5% on Thursday, reaching a last traded price of GBX 115 ($1.57).
• Trading volume surged by 752% compared to the average daily volume, with approximately 13 million shares changing hands.
• The company specializes in clean energy technology and maintains partnerships with major firms like Bosch and Doosan to support green hydrogen production and fuel cell technology.

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s share price shot up 14.5% during mid-day trading on Thursday . The stock traded as high as GBX 116.20 ($1.57) and last traded at GBX 115 ($1.55). 13,008,398 shares traded hands during trading, an increase of 752% from the average session volume of 1,527,380 shares. The stock had previously closed at GBX 100.40 ($1.35).

Ceres Power Trading Up 7.7%

The firm has a market capitalization of £280.65 million, a PE ratio of -989.07 and a beta of 1.60. The company's 50-day moving average price is GBX 111.38 and its 200-day moving average price is GBX 84.19. The company has a debt-to-equity ratio of 1.54, a quick ratio of 12.18 and a current ratio of 6.48.

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.