Ceres Power Holdings plc (OTCMKTS:CPWHF – Get Free Report)’s stock price fell 1.6% on Wednesday. The stock traded as low as $3.6525 and last traded at $3.69. Approximately 3,687 shares traded hands during trading, a decline of 76% from the average daily volume of 15,535 shares. The stock had previously closed at $3.75.
Analyst Ratings Changes
Separately, Panmure Gordon raised shares of Ceres Power from a “sell” rating to a “buy” rating in a report on Wednesday, September 23rd. Two equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.
View Our Latest Stock Analysis on Ceres Power
Ceres Power Price Performance
The firm’s fifty day simple moving average is $5.03 and its 200 day simple moving average is $5.71.
Ceres Power Company Profile
Ceres Power Holdings plc is a United Kingdom-based clean energy technology company that develops solid oxide fuel cell (SOFC) systems. Its core technology, known as SteelCell, is designed to convert fuels such as natural gas, hydrogen and other low-carbon fuels into electricity through an electrochemical process. The company focuses on providing efficient, modular power-generation solutions with potential applications across commercial, industrial, residential and other distributed-energy markets.
Ceres primarily operates through a technology-licensing model.
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