Ceres Power (LON:CWR) Trading Up 43.2% - Here's What Happened

Key Points

• Ceres Power Holdings plc shares surged by 43.2% on Monday, reaching a high of GBX 150 ($2.00) before closing at GBX 144.10 ($1.93).
• The trading volume increased significantly, with 8,007,922 shares traded, marking a 412% rise from the average session volume.
• Ceres Power is known for its clean energy technology, focusing on green hydrogen production and fuel cell development, and has partnered with major companies like Bosch and Delta.

Ceres Power Holdings plc (LON:CWR - ) shares shot up 43.2% on Monday . The company traded as high as GBX 150 ($2.00) and last traded at GBX 144.10 ($1.93). 8,007,922 shares were traded during trading, an increase of 412% from the average session volume of 1,565,412 shares. The stock had previously closed at GBX 100.60 ($1.34).

Ceres Power Stock Performance

The company has a market capitalization of £280.90 million, a price-to-earnings ratio of -6.97 and a beta of 1.60. 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 firm has a 50-day simple moving average of GBX 86.26 and a two-hundred day simple moving average of GBX 88.07.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.