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

Key Points

• Ceres Power Holdings plc shares increased by 14.5% during trading, reaching as high as GBX 116.20 ($1.58) after closing at GBX 100.40 ($1.37).
• The company's market cap stands at £222.90 million, with a notable increase in trading volume of 752% compared to the average session.
• Ceres Power specializes in clean energy technologies, including electrolysis for hydrogen production and fuel cells, partnering with major firms like Bosch and Doosan.

Shares of Ceres Power Holdings plc (LON:CWR - ) traded up 14.5% during mid-day trading on Wednesday . The stock traded as high as GBX 116.20 ($1.58) and last traded at GBX 115 ($1.57). 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 ($1.37).

Ceres Power Price Performance

The stock has a market cap of £222.90 million, a price-to-earnings ratio of -785.52 and a beta of 1.60. The company has a 50-day simple moving average of GBX 109.61 and a two-hundred day simple moving average of GBX 82.86. The company has a debt-to-equity ratio of 1.54, a quick ratio of 12.18 and a current ratio of 6.48.

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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