Ceres Power Holdings plc, a fuel cell technology and engineering company, engages in the development and commercialization of fuel cell technology in North America, Asia, and Europe. The company offers SteelCell, a solid oxide fuel cell that generates power from conventional and sustainable fuels, such as natural gas, biogas, ethanol, and hydrogen. Its products are applied in commercial, data center, transport, and residential markets. Ceres Power Holdings plc has a collaboration and license agreement with Doosan Fuel Cell Co. Ltd to build a 50MW facility for the mass manufacture under license of Ceres' fuel cell stacks in South Korea. The company was incorporated in 2004 and is headquartered in Horsham, the United Kingdom.
Analysts Set New Price Targets
Several analysts have commented on CWR shares. Berenberg Bank restated a "buy" rating and issued a GBX 1,560 ($18.85) price target on shares of Ceres Power in a report on Thursday, July 28th. Citigroup reaffirmed a "buy" rating and set a GBX 1,500 ($18.12) price target on shares of Ceres Power in a research note on Monday, June 20th.
Ceres Power Price Performance
CWR Stock opened at GBX 662 ($8.00) on Friday. The company has a market cap of £1.28 billion and a PE ratio of -57.57. The company has a current ratio of 17.45, a quick ratio of 17.11 and a debt-to-equity ratio of 1.08. The stock has a 50-day moving average price of GBX 582.72 and a two-hundred day moving average price of GBX 642.70. Ceres Power has a 12-month low of GBX 481.20 ($5.81) and a 12-month high of GBX 1,283.93 ($15.51).