Ceres Power (LON:CWR) Stock Price Up 18.8% – Here’s Why

Ceres Power Holdings plc (LON:CWR)’s stock price shot up 18.8% on Wednesday . The stock traded as high as GBX 371.60 and last traded at GBX 371.60. 20,604,781 shares were traded during trading, an increase of 918% from the average session volume of 2,024,456 shares. The stock had previously closed at GBX 312.80.

Ceres Power Stock Up 1.2%

The business’s 50-day moving average price is GBX 187.36 and its 200-day moving average price is GBX 123.07. The firm has a market capitalization of £741.52 million, a PE ratio of -20.90 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.

Ceres Power (LON:CWR) last posted its quarterly 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%. As a group, equities research analysts predict 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.