Ceres Power (LON:CWR) Shares Up 10% – Should You Buy?

Ceres Power Holdings plc (LON:CWR) shares shot up 10% during trading on Wednesday . The stock traded as high as GBX 355 and last traded at GBX 344.12. 18,316,352 shares were traded during trading, an increase of 810% from the average session volume of 2,013,813 shares. The stock had previously closed at GBX 312.80.

Ceres Power Trading Up 18.3%

The company’s 50 day moving average price is GBX 176.81 and its 200 day moving average price is GBX 119.42. The company has a market cap of £717.70 million, a price-to-earnings ratio of -20.28 and a beta of 1.60. The company has a debt-to-equity ratio of 1.54, a quick ratio of 12.18 and a current ratio of 6.48.

Ceres Power (LON:CWR) last announced its quarterly earnings results on Friday, September 26th. The company reported GBX (10.14) EPS for the quarter. Ceres Power had a negative return on equity of 22.96% and a negative net margin of 101.69%. Research analysts anticipate that Ceres Power Holdings plc will post -12.4426979 EPS for the current 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.