Ceres Power Holdings plc (LON:CWR – Get Free Report) traded down 15.8% during mid-day trading on Thursday. The stock traded as low as GBX 308.40 and last traded at GBX 311.80. Approximately 199,593,531 shares traded hands during trading, an increase of 1,766% from the average daily volume of 10,694,671 shares. The stock had previously closed at GBX 370.40.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 950 price objective on shares of Ceres Power in a report on Wednesday, September 23rd. Two investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 935.
Ceres Power Price 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 stock has a market cap of £666.73 million, a P/E ratio of -13.58 and a beta of 3.00. The firm’s fifty day moving average price is GBX 406.79 and its 200-day moving average price is GBX 483.85.
Ceres Power (LON:CWR – Get Free Report) last announced 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 net margin of 130.56% and a negative return on equity of 29.93%. Analysts forecast that Ceres Power Holdings plc will post -12.44 earnings per share for the current 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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