Ceres Power (LON:CWR) Stock Price Up 17.5% - What's Next?

Key Points

• Ceres Power Holdings stocks increased by 17.5% during trading, reaching a last price of GBX 134.50 ($1.83), with a significant trading volume increase of 211% compared to its average daily transactions.
• The company's financial metrics include a market capitalization of £260.69 million, a P/E ratio of -918.72, and a quick ratio of 12.18.
• Ceres Power specializes in clean energy technology including green hydrogen production and fuel cells, forming partnerships with industry leaders such as Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - Get Free Report) shares were up 17.5% during trading on Thursday . The stock traded as high as GBX 139 ($1.88) and last traded at GBX 134.50 ($1.82). Approximately 4,604,260 shares traded hands during mid-day trading, an increase of 211% from the average daily volume of 1,479,998 shares. The stock had previously closed at GBX 114.50 ($1.55).

Ceres Power Stock Up 1.5%

The company's fifty day simple moving average is GBX 111.38 and its 200 day simple moving average is GBX 84.34. The firm has a market capitalization of £284.92 million, a PE ratio of -1,004.10 and a beta of 1.60. The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54.

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.