Ceres Power (LON:CWR) Trading 21.4% Higher – Still a Buy?

Ceres Power Holdings plc (LON:CWR) shares shot up 21.4% during trading on Wednesday . The company traded as high as GBX 383.42 and last traded at GBX 379.60. 22,316,361 shares were traded during trading, an increase of 998% from the average session volume of 2,032,417 shares. The stock had previously closed at GBX 312.80.

Ceres Power Stock Up 18.3%

The business’s fifty day simple moving average is GBX 176.81 and its 200 day simple moving average is GBX 119.42. 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 has a market cap of £717.70 million, a price-to-earnings ratio of -20.28 and a beta of 1.60.

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

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.