Ceres Power (LON:CWR) Trading Up 15.1% - Should You Buy?

Key Points

• Ceres Power shares surged by 15.1%, closing at GBX 190 ($2.56), significantly up from the previous close of GBX 165.10 ($2.23), with trading volume increasing by 140%.
• The company reported a negative earnings per share of GBX (10.14) for its latest quarter, with analysts forecasting a further negative EPS for the current year.
• Ceres Power specializes in clean energy technology, focusing on electrolysis for the production of green hydrogen and fuel cells, and has established partnerships with major companies like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s stock price was up 15.1% on Saturday . The company traded as high as GBX 192 ($2.59) and last traded at GBX 190 ($2.56). Approximately 4,376,311 shares changed hands during mid-day trading, an increase of 140% from the average daily volume of 1,824,499 shares. The stock had previously closed at GBX 165.10 ($2.23).

Ceres Power Stock Up 15.1%

The stock's 50-day moving average price is GBX 121.61 and its two-hundred day moving average price is GBX 90.09. The stock has a market capitalization of £368.26 million, a PE ratio of -1,297.81 and a beta of 1.60. 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 (LON:CWR - Get Free Report) last announced its quarterly earnings data on Friday, September 26th. The company reported GBX (10.14) EPS for the quarter. Ceres Power had a negative net margin of 101.69% and a negative return on equity of 22.96%. As a group, analysts expect that Ceres Power Holdings plc will post -12.4426979 EPS for the current fiscal year.

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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