Ceres Power (LON:CWR) Trading Up 18.9% – Should You Buy?

Shares of Ceres Power Holdings plc (LON:CWR) rose 18.9% on Wednesday . The company traded as high as GBX 390.25 and last traded at GBX 371.80. Approximately 10,463,385 shares were traded during mid-day trading, an increase of 429% from the average daily volume of 1,977,287 shares. The stock had previously closed at GBX 312.80.

Ceres Power Trading Up 18.9%

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 company’s fifty day moving average is GBX 176.81 and its 200-day moving average is GBX 119.42. The firm has a market capitalization of £721.12 million, a P/E ratio of -20.37 and a beta of 1.60.

Ceres Power (LON:CWR) last posted its 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%. As a group, sell-side analysts anticipate 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.