Ceres Power Holdings plc (CWR) Releases Earnings Results, Hits Expectations
Ceres Power Holdings plc (LON:CWR) released its quarterly earnings results on Wednesday. The company reported GBX (1) (($0.01)) EPS for the quarter, meeting analysts’ consensus estimates of GBX (1) (($0.01)), Bloomberg Earnings reports. The business had revenue of £312 million during the quarter. Ceres Power Holdings plc had a negative return on equity of 38.05% and a negative net margin of 202.58%.
Ceres Power Holdings plc (LON CWR) opened at 13.25 on Friday. The stock has a 50 day moving average price of GBX 13.16 and a 200 day moving average price of GBX 10.83. The company’s market cap is GBX 133.57 million. Ceres Power Holdings plc has a 12 month low of GBX 6.79 and a 12 month high of GBX 14.50.
Separately, Berenberg Bank reaffirmed a “buy” rating on shares of Ceres Power Holdings plc in a research report on Wednesday, September 6th.
Ceres Power Holdings plc Company Profile
Ceres Power Holdings PLC is a United Kingdom-based company, which is a fuel cell technology and engineering company. The Company is engaged in the development and commercialization of its fuel cell technology. The SteelCell, operating at a temperature between 500 and 600 degree Celsius, is a perforated sheet of steel with a special ceramic layer that converts fuel directly into electrical power.
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