Ceres Power (LON:CWR) Trading 14.5% Higher - Time to Buy?

Key Points

• Ceres Power's stock surged 14.5% to GBX 115 ($1.57) during mid-day trading, significantly up from its previous close at GBX 100.40 ($1.37).
• The trading volume soared to 13 million shares, a 752% increase over the average session volume of 1.5 million shares.
• Ceres Power is notable for its clean energy technology that includes electrolysis for green hydrogen and partnerships with major companies like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s stock price traded up 14.5% during mid-day trading on Wednesday . The stock traded as high as GBX 116.20 ($1.57) and last traded at GBX 115 ($1.55). 13,008,398 shares were traded 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 Stock Up 7.7%

The firm's fifty day moving average price is GBX 111.38 and its 200-day moving average price is GBX 84.06. The company has a market capitalization of £280.65 million, a price-to-earnings ratio of -989.07 and a beta of 1.60. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18.

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.