Ceres Power (LON:CWR) Trading Up 15.1% - What's Next?

Key Points

• Ceres Power Holdings plc's share price rose by 15.1%, reaching as high as GBX 192 ($2.59) during mid-day trading, significantly above its previous close of GBX 165.10 ($2.23).
• The company reported a negative earnings per share of GBX (10.14) for the last quarter, with analysts forecasting an expected EPS of -12.44 for the current year.
• Ceres Power specializes in clean energy technology, focusing on green hydrogen and fuel cells, and has formed partnerships with major companies like Bosch and Doosan to enhance its technology adoption.

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s share price was up 15.1% during mid-day trading on Friday . The stock traded as high as GBX 192 ($2.59) and last traded at GBX 190 ($2.56). Approximately 4,376,311 shares were traded 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 is GBX 121.61 and its 200 day moving average is GBX 90.09. The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54. The firm has a market cap of £368.26 million, a price-to-earnings ratio of -1,297.81 and a beta of 1.60.

Ceres Power (LON:CWR - Get Free Report) last announced its quarterly earnings data 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 EPS 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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