Ceres Power (LON:CWR) Stock Price Down 10.5% – Should You Sell?

Ceres Power Holdings plc (LON:CWR) shares were down 10.5% during trading on Thursday . The stock traded as low as GBX 388.60 and last traded at GBX 388.60. 134,396,906 shares traded hands during mid-day trading, an increase of 1,303% from the average daily volume of 9,576,856 shares. The stock had previously closed at GBX 434.20.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Berenberg Bank restated a “buy” rating and set a GBX 950 target price on shares of Ceres Power in a report on Wednesday. Jefferies Financial Group restated a “buy” rating and set a GBX 920 price target on shares of Ceres Power in a research report on Wednesday, June 10th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Ceres Power presently has an average rating of “Buy” and a consensus target price of GBX 935.

Ceres Power Trading Down 10.5%

The stock has a market capitalization of £830.93 million, a P/E ratio of -15.85 and a beta of 3.00. The stock has a 50-day moving average price of GBX 398.74 and a two-hundred day moving average price of GBX 475.83. The company has a debt-to-equity ratio of 2.24, a quick ratio of 12.18 and a current ratio of 3.27.

Ceres Power (LON:CWR) last announced its earnings results on Wednesday, September 23rd. The company reported GBX (8.58) EPS for the quarter. Ceres Power had a negative net margin of 145.65% and a negative return on equity of 39.26%. On average, research analysts forecast 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: fuel cells for power generation and electrolysers for green hydrogen. Its asset-light, licensing model has seen it establish partnerships with some of the world’s largest companies, such as Doosan, Delta, Denso, Shell, Weichai and Thermax. Ceres’ solid oxide technology supports greater electrification of our energy systems, including AI data centres, commercial and industrial applications, and produces green hydrogen at high efficiencies as a route to decarbonise emissions-intensive industries such as ammonia, steelmaking and electrofuels.