Ceres Power (LON:CWR) Trading Up 20.7% - What's Next?

Key Points

• Ceres Power Holdings plc experienced a significant share price increase of 20.7%, with shares trading at GBX 258.60 ($3.44) after closing at GBX 214.20 ($2.85).
• The stock saw a dramatic rise in trading volume, with approximately 80.8 million shares traded, an increase of 3,515% compared to the average daily volume.
• Ceres Power is a leading developer of clean energy technology focused on green hydrogen and fuel cells, partnering with major companies like Bosch and Doosan to support decarbonization efforts.

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s stock price was up 20.7% during trading on Wednesday . The company traded as high as GBX 258.80 ($3.45) and last traded at GBX 258.60 ($3.44). Approximately 80,881,109 shares changed hands during mid-day trading, an increase of 3,515% from the average daily volume of 2,237,261 shares. The stock had previously closed at GBX 214.20 ($2.85).

Ceres Power Stock Up 20.7%

The business's 50 day simple moving average is GBX 133.01 and its 200 day simple moving average is GBX 97.21. The firm has a market capitalization of £501.57 million, a PE ratio of -1,416.99 and a beta of 1.60. The company has a current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54.

Ceres Power (LON:CWR - Get Free Report) last released its earnings results on Friday, September 26th. The company reported GBX (10.14) earnings per share (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, equities research analysts forecast that Ceres Power Holdings plc will post -12.4426979 earnings per share for the current year.

Ceres Power Company Profile

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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