Ceres Power (LON:CWR) Shares Up 14.5% - What's Next?

Key Points

• Ceres Power Holdings plc experienced a significant stock increase of 14.5%, trading at up to GBX 116.20 ($1.58) on Wednesday.
• The trading volume surged by 752% compared to its average session, with a total of 13,008,398 shares changing hands.
• Ceres Power is recognized for its development of clean energy technology, including green hydrogen production and fuel cells, with major partnerships including Bosch and Doosan.

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

Ceres Power Stock Up 7.7%

The firm has a market cap of £280.65 million, a price-to-earnings ratio of -989.07 and a beta of 1.60. The firm's fifty day moving average is GBX 111.38 and its two-hundred day moving average is GBX 84.06. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18.

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.