Ceres Power (LON:CWR) Trading Up 15.1% - Still a Buy?

Key Points

• Ceres Power shares surged by 15.1%, trading between GBX 190 ($2.56) and GBX 192 ($2.59), with a significant trading volume increase of 140% compared to the average.
• The company has reported a negative net margin of 101.69% and anticipates an EPS of -12.44 for the current fiscal year.
• Ceres Power specializes in clean energy technology, focusing on electrolysis and fuel cells for power generation, partnering with major corporations like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - Get Free Report) shares were 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 were traded during 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 Performance

The stock's fifty day moving average is GBX 121.61 and its two-hundred day moving average is GBX 90.09. The firm has a market capitalization of £368.26 million, a price-to-earnings 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 released its quarterly earnings results on Friday, September 26th. The company reported GBX (10.14) earnings per share for the quarter. Ceres Power had a negative net margin of 101.69% and a negative return on equity of 22.96%. Analysts forecast that Ceres Power Holdings plc will post -12.4426979 earnings per share for the current year.

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.

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