Ceres Power Holdings plc (LON:CWR – Get Free Report) dropped 11.4% during trading on Thursday. The stock traded as low as GBX 257 and last traded at GBX 257. 2,911,672 shares traded hands during trading, a decline of 70% from the average daily volume of 9,558,107 shares. The stock had previously closed at GBX 290.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reissued a “buy” rating and set a GBX 950 target price on shares of Ceres Power in a research report on Wednesday, September 23rd. Two equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 935.
View Our Latest Research Report on Ceres Power
Ceres Power Stock Performance
The company has a quick ratio of 12.18, a current ratio of 10.54 and a debt-to-equity ratio of 1.06. The company has a market capitalization of £549.55 million, a PE ratio of -11.19 and a beta of 3.00. The business has a 50 day simple moving average of GBX 392.76 and a 200 day simple moving average of GBX 483.16.
Ceres Power (LON:CWR – Get Free Report) last issued its quarterly earnings results on Wednesday, September 23rd. The company reported GBX (8.58) earnings per share for the quarter. Ceres Power had a negative return on equity of 17.63% and a negative net margin of 74.23%. Equities research analysts predict that Ceres Power Holdings plc will post -12.44 EPS for the current fiscal year.
About Ceres Power
Ceres is a leading developer of clean energy technology: fuel cells for power generation and electrolysers for green hydrogen. Its asset-light, licensing model has seen it establish partnerships with some of the world’s largest companies, such as Doosan, Delta, Denso, Shell, Weichai and Thermax. Ceres’ solid oxide technology supports greater electrification of our energy systems, including AI data centres, commercial and industrial applications, and produces green hydrogen at high efficiencies as a route to decarbonise emissions-intensive industries such as ammonia, steelmaking and electrofuels.
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