Ceres Power (LON:CWR) Trading 18.9% Higher – Should You Buy?

Ceres Power Holdings plc (LON:CWR)’s stock price traded up 18.9% during mid-day trading on Wednesday . The stock traded as high as GBX 390.25 and last traded at GBX 371.80. 11,141,039 shares traded hands during mid-day trading, an increase of 463% from the average session volume of 1,980,439 shares. The stock had previously closed at GBX 312.80.

Ceres Power Stock Performance

The stock has a market capitalization of £722.85 million, a PE ratio of -20.37 and a beta of 1.60. The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54. The firm has a 50 day moving average price of GBX 176.81 and a 200-day moving average price of GBX 119.42.

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