Ceres Power (LON:CWR) Trading 22.2% Higher – Should You Buy?

Ceres Power Holdings plc (LON:CWR) traded up 22.2% during trading on Wednesday . The company traded as high as GBX 390.25 and last traded at GBX 382.20. 23,171,760 shares traded hands during trading, an increase of 1,038% from the average session volume of 2,036,396 shares. The stock had previously closed at GBX 312.80.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 460 target price on shares of Ceres Power in a report on Friday. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 400.

Ceres Power Price Performance

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 fifty day simple moving average of GBX 187.36 and a 200-day simple moving average of GBX 123.07. The stock has a market cap of £688.41 million, a price-to-earnings ratio of -19.40 and a beta of 1.60.

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