Ceres Power Holdings plc (CWR) Posts Earnings Results, Hits Expectations
Ceres Power Holdings plc (LON:CWR) released its quarterly earnings data on Wednesday. The company reported GBX (1) (($0.01)) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of GBX (1) (($0.01)), Bloomberg Earnings reports. Ceres Power Holdings plc had a negative return on equity of 38.05% and a negative net margin of 202.58%. The company had revenue of £312 million during the quarter.
Ceres Power Holdings plc (CWR) traded down 1.82% during mid-day trading on Friday, hitting GBX 13.50. The stock had a trading volume of 296,613 shares. Ceres Power Holdings plc has a 1-year low of GBX 6.79 and a 1-year high of GBX 14.50. The stock’s market cap is GBX 136.09 million. The firm’s 50-day moving average price is GBX 13.16 and its 200-day moving average price is GBX 10.83.
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Separately, Berenberg Bank reaffirmed a “buy” rating on shares of Ceres Power Holdings plc in a research report on Wednesday, September 6th.
Ceres Power Holdings plc Company Profile
Ceres Power Holdings PLC is a United Kingdom-based company, which is a fuel cell technology and engineering company. The Company is engaged in the development and commercialization of its fuel cell technology. The SteelCell, operating at a temperature between 500 and 600 degree Celsius, is a perforated sheet of steel with a special ceramic layer that converts fuel directly into electrical power.
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