Ceres Power (LON:CWR) Trading Up 41.6% - What's Next?

Key Points

• Ceres Power Holdings plc shares surged 41.6% in a single day, peaking at GBX 150 ($2.02) during trading, significantly up from a previous close of GBX 100.60 ($1.35).
• The stock experienced a trading volume increase of 560% compared to its average, with over 10 million shares exchanged mid-day.
• Ceres Power specializes in clean energy technology, developing systems for green hydrogen production and fuel cells, and has partnerships with major companies like Bosch and Doosan.

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 changed hands 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 Trading Up 40.7%

The stock has a 50-day moving average price of GBX 84.83 and a two-hundred day moving average price of 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 stock has a market capitalization of £275.96 million, a PE ratio of -6.85 and a beta of 1.60.

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.

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