Ceres Power (LON:CWR) Stock Price Up 14.5% - Should You Buy?

Key Points

• Ceres Power's stock surged 14.5% to GBX 115 ($1.57) on Wednesday, with trading volume increasing by 752% from the average session.
• The company is recognized for its clean energy technology, especially in green hydrogen production and fuel cells, partnering with major firms like Bosch and Doosan.
• Financial metrics show a high debt-to-equity ratio of 1.54 and a market capitalization of £236.27 million, alongside a P/E ratio of -832.65, indicating the stock may be viewed cautiously by investors.

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s share price shot up 14.5% on Wednesday . The company traded as high as GBX 116.20 ($1.57) and last traded at GBX 115 ($1.55). 13,008,398 shares changed hands during mid-day 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 Price Performance

The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18. The stock has a fifty day simple moving average of GBX 111.38 and a 200-day simple moving average of GBX 84.19. The company has a market capitalization of £280.65 million, a price-to-earnings 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.