Ceres Power Holdings plc (LON:CWR – Get Free Report)’s stock price dropped 3.9% on Thursday. The company traded as low as GBX 258.60 and last traded at GBX 264.60. 1,739,451 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 9,762,011 shares. The stock had previously closed at GBX 275.20.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 950 price target on shares of Ceres Power in a research note on Wednesday, September 23rd. Two equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 935.
Check Out Our Latest Stock Analysis on CWR
Ceres Power Trading Down 3.9%
The company has a market capitalization of £565.84 million, a price-to-earnings ratio of -11.52 and a beta of 3.00. The firm has a 50-day moving average price of GBX 347.81 and a 200-day moving average price of GBX 423.54. The company has a current ratio of 10.54, a quick ratio of 12.18 and a debt-to-equity ratio of 1.06.
Ceres Power (LON:CWR – Get Free Report) last posted its quarterly earnings data on Wednesday, September 23rd. The company reported GBX (8.58) EPS for the quarter. Ceres Power had a negative return on equity of 17.63% and a negative net margin of 74.23%. As a group, sell-side analysts predict that Ceres Power Holdings plc will post -12.44 EPS 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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