Ceres Power (LON:CWR) Trading Up 19.3% – Here’s Why

Ceres Power Holdings plc (LON:CWR)’s share price shot up 19.3% on Wednesday . The stock traded as high as GBX 390.25 and last traded at GBX 373.18. 23,708,926 shares traded hands during mid-day trading, an increase of 1,063% from the average session volume of 2,038,894 shares. The stock had previously closed at GBX 312.80.

Ceres Power Stock Performance

The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18. The firm has a market cap of £723.06 million, a price-to-earnings ratio of -20.43 and a beta of 1.60. The company has a fifty day moving average price of GBX 176.81 and a two-hundred day moving average price of GBX 119.42.

Ceres Power (LON:CWR) last announced 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.