Ceres Power (LON:CWR) Stock Price Down 38.5% – Time to Sell?

Posted by Bonnie Powley on Feb 21st, 2025

Ceres Power Holdings plc (LON:CWR – Get Free Report) shares fell 38.5% during trading on Thursday . The stock traded as low as GBX 68.05 ($0.86) and last traded at GBX 80.55 ($1.02). 8,976,891 shares traded hands during mid-day trading, an increase of 577% from the average session volume of 1,325,255 shares. The stock had previously closed at GBX 131 ($1.66).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 650 ($8.24) price objective on shares of Ceres Power in a research report on Wednesday, January 29th.

Get Our Latest Analysis on CWR

Ceres Power Stock Performance

The firm’s 50 day moving average is GBX 157.82 and its 200 day moving average is GBX 185.60. The company has a debt-to-equity ratio of 1.54, a quick ratio of 12.18 and a current ratio of 6.48. The stock has a market cap of £157.02 million, a P/E ratio of -3.89 and a beta of 1.60.

Insider Transactions at Ceres Power

In related news, insider Dame Julia King acquired 30,200 shares of the company’s stock in a transaction dated Thursday, November 28th. The shares were purchased at an average cost of GBX 165 ($2.09) per share, with a total value of £49,830 ($63,139.89). Also, insider Stuart Paynter acquired 7,151 shares of the business’s stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average cost of GBX 139 ($1.76) per share, for a total transaction of £9,939.89 ($12,594.89). Insiders own 40.29% of the company’s stock.

Ceres Power Company Profile

(Get Free Report)

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.