Ceres Power (LON:CWR) Trading Up 17.5% - Still a Buy?

Key Points

• Ceres Power (LON:CWR) saw a significant share price increase of 17.5%, closing at GBX 134.50 ($1.82) after trading as high as GBX 139 ($1.88).
• The trading volume surged to 4.6 million shares, reflecting a 211% increase compared to the average session volume.
• Ceres Power specializes in clean energy technology, focusing on electrolysis for green hydrogen production and partnerships with major companies like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s stock price shot up 17.5% during mid-day trading on Thursday . The stock traded as high as GBX 139 ($1.87) and last traded at GBX 134.50 ($1.81). 4,604,260 shares changed hands during mid-day trading, an increase of 211% from the average session volume of 1,479,998 shares. The stock had previously closed at GBX 114.50 ($1.54).

Ceres Power Trading Up 7.7%

The company has a debt-to-equity ratio of 1.54, a quick ratio of 12.18 and a current ratio of 6.48. The firm has a market cap of £280.65 million, a P/E ratio of -989.07 and a beta of 1.60. The firm has a fifty day moving average of GBX 111.38 and a 200-day moving average of GBX 84.19.

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.