Ceres Power (LON:CWR) Stock Price Up 8.3% – What’s Next?

Shares of Ceres Power Holdings plc (LON:CWR) rose 8.3% during mid-day trading on Tuesday . The company traded as high as GBX 322.60 and last traded at GBX 322.60. Approximately 7,862,223 shares were traded during mid-day trading, an increase of 302% from the average daily volume of 1,955,494 shares. The stock had previously closed at GBX 298.

Ceres Power Stock Up 5.4%

The company has a current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54. The stock’s 50-day simple moving average is GBX 181.91 and its 200-day simple moving average is GBX 121.19. The firm has a market capitalization of £761.86 million, a P/E ratio of -21.47 and a beta of 1.60.

Ceres Power (LON:CWR) last issued its quarterly earnings data on Friday, September 26th. The company reported GBX (10.14) earnings per share (EPS) for the quarter. Ceres Power had a negative return on equity of 22.96% and a negative net margin of 101.69%. As a group, research analysts predict that Ceres Power Holdings plc will post -12.4426979 earnings per share for the current fiscal year.

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.