Ceres Power Holdings plc (OTCMKTS:CPWHF – Get Free Report)’s stock price traded down 6.4% on Wednesday. The company traded as low as $4.96 and last traded at $5.10. Approximately 21,565 shares traded hands during mid-day trading, an increase of 36% from the average session volume of 15,908 shares. The stock had previously closed at $5.45.
Wall Street Analyst Weigh In
Separately, Panmure Gordon upgraded shares of Ceres Power from a “sell” rating to a “buy” rating in a report on Wednesday, September 23rd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.
Read Our Latest Stock Report on CPWHF
Ceres Power Stock Down 6.4%
Ceres Power Company Profile
Ceres Power Holdings plc is a United Kingdom-based clean energy technology company that develops solid oxide fuel cell and electrolyzer systems. Its core SteelCell technology is designed to convert fuels, including hydrogen and natural gas, into electricity efficiently, while also supporting the production of hydrogen through electrolysis.
The company primarily operates through a licensing and technology-partnership model rather than manufacturing all systems itself. Ceres licenses its technology to industrial partners that develop and commercialize fuel cell products for applications such as distributed power generation, backup power, data centers, and other energy-intensive operations.
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