Ceres Power Holdings plc (LON:CWR – Get Free Report) shares hit a new 52-week low during trading on Monday . The company traded as low as GBX 58.15 ($0.75) and last traded at GBX 65.15 ($0.84), with a volume of 1263510 shares changing hands. The stock had previously closed at GBX 61.90 ($0.80).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reduced their price target on Ceres Power from GBX 650 ($8.40) to GBX 340 ($4.40) and set a “buy” rating on the stock in a report on Tuesday, February 25th.
Get Our Latest Stock Report on CWR
Ceres Power Stock Performance
Insider Buying and Selling
In other Ceres Power news, insider Stuart Paynter bought 7,151 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The stock was acquired at an average cost of GBX 139 ($1.80) per share, for a total transaction of £9,939.89 ($12,848.88). 40.29% of the stock is owned by company insiders.
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.
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