Ceres Power (LON:CWR) Stock Price Up 34.7% - Time to Buy?

Key Points

• Ceres Power Holdings plc experienced a significant stock increase of 34.7%, with shares trading as high as GBX 150 ($2.02) during mid-day trading.
• The company has a market cap of £269.37 million and notable financial ratios, including a current ratio of 6.48 and a debt-to-equity ratio of 1.54.
• Ceres Power specializes in clean energy technology, partnering with major firms like Bosch and Doosan to develop solutions for producing green hydrogen and enhancing energy system electrification.

Shares of Ceres Power Holdings plc (LON:CWR - Get Free Report) traded up 34.7% during trading on Monday . The stock traded as high as GBX 150 ($1.99) and last traded at GBX 135.52 ($1.80). 9,060,377 shares traded hands during mid-day trading, an increase of 476% from the average session volume of 1,572,721 shares. The stock had previously closed at GBX 100.60 ($1.33).

Ceres Power Trading Up 2.0%

The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18. The company has a fifty day simple moving average of GBX 88.49 and a two-hundred day simple moving average of GBX 88.61. The company has a market capitalization of £244.35 million, a P/E ratio of -6.06 and a beta of 1.60.

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.