Ceres Power (LON:CWR) Stock Price Up 46.6% - Time to Buy?

Key Points

• Ceres Power Holdings plc experienced a significant stock increase of 46.6% on Monday, reaching GBX 150 ($2.02) during trading.
• Approximately 9.9 million shares were traded, marking a 527% increase from its average daily volume.
• The company is noted for its developments in clean energy technology, focusing on electrolysis for green hydrogen and fuel cells, and has partnerships with major corporations like Bosch and Doosan.

Shares of Ceres Power Holdings plc (LON:CWR - Get Free Report) were up 46.6% during trading on Monday . The company traded as high as GBX 150 ($1.99) and last traded at GBX 147.50 ($1.96). Approximately 9,894,884 shares were traded during trading, an increase of 527% from the average daily volume of 1,578,516 shares. The stock had previously closed at GBX 100.60 ($1.33).

Ceres Power Stock 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 stock has a market cap of £244.35 million, a P/E ratio of -6.06 and a beta of 1.60. The company's 50 day moving average price is GBX 88.49 and its 200-day moving average price is GBX 88.61.

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.