Ceres Power (LON:CWR) Trading Up 41.6% - Time to Buy?

Key Points

• Ceres Power Holdings plc shares surged by 41.6% on Monday, reaching a high of GBX 150 ($2.02) before closing at GBX 142.40 ($1.91).
• The company specializes in clean energy technology, including green hydrogen production and fuel cells, and has partnerships with major firms like Bosch and Doosan.
• With a market capitalization of £275.96 million, Ceres Power also has a notable debt-to-equity ratio of 1.54, indicating its financial leverage.

Shares of Ceres Power Holdings plc (LON:CWR - ) shot up 41.6% on Monday . The stock traded as high as GBX 150 ($2.02) and last traded at GBX 142.40 ($1.91). 10,438,446 shares were traded during mid-day trading, an increase of 560% from the average session volume of 1,581,905 shares. The stock had previously closed at GBX 100.60 ($1.35).

Ceres Power Price Performance

The company's 50-day simple moving average is GBX 84.83 and its 200-day simple moving average is GBX 88.25. 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 capitalization of £275.96 million, a PE ratio of -6.85 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.

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