Ceres Power (LON:CWR) Trading Up 29.6% - Here's Why

Key Points

• Ceres Power Holdings plc saw a significant increase of 29.6% in stock price, reaching GBX 130.40 ($1.75) during recent trading.
• The company's trading volume surged to approximately 6.2 million shares, marking a 301% increase from the average daily volume.
• Ceres Power specializes in clean energy technology and has formed partnerships with major companies like Bosch and Doosan to promote green hydrogen production and fuel cell power generation.

Shares of Ceres Power Holdings plc (LON:CWR - Get Free Report) traded up 29.6% during trading on Monday . The stock traded as high as GBX 132.01 ($1.75) and last traded at GBX 130.40 ($1.73). 6,225,217 shares changed hands during mid-day trading, an increase of 301% from the average session volume of 1,553,032 shares. The stock had previously closed at GBX 100.60 ($1.33).

Ceres Power Price Performance

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 company has a market cap of £244.35 million, a PE ratio of -6.06 and a beta of 1.60. The company's 50-day simple moving average is GBX 88.49 and its 200 day simple moving average is GBX 88.61.

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.