Ceres Power (LON:CWR) Trading Up 15.1% - Time to Buy?

Key Points

• Ceres Power Holdings plc shares surged by 15.1% during trading, reaching a high of GBX 192 and closing at GBX 190.
• The company reported a negative earnings per share (EPS) of GBX (10.14) for the last quarter with a projected annual EPS of -12.44.
• Ceres Power specializes in clean energy technology, particularly in green hydrogen production and fuel cells, partnering with major firms like Bosch and Doosan.

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

Ceres Power Trading Up 15.1%

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 market cap of £368.26 million, a P/E ratio of -1,297.81 and a beta of 1.60. The business's 50 day simple moving average is GBX 121.61 and its 200 day simple moving average is GBX 90.09.

Ceres Power (LON:CWR - Get Free Report) last issued its quarterly earnings results on Friday, September 26th. The company reported GBX (10.14) EPS for the quarter. Ceres Power had a negative return on equity of 22.96% and a negative net margin of 101.69%. On average, analysts expect that Ceres Power Holdings plc will post -12.4426979 earnings per share for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.