Ceres Power (LON:CWR) Shares Up 18.9% – Still a Buy?

Ceres Power Holdings plc (LON:CWR) shot up 18.9% during trading on Thursday . The stock traded as high as GBX 390.25 and last traded at GBX 371.80. 11,141,039 shares traded hands during 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 firm has a market capitalization of £761.14 million, a PE ratio of -21.45 and a beta of 1.60. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18. The firm has a fifty day moving average price of GBX 181.91 and a 200 day moving average price of GBX 121.19.

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