Berenberg Bank Reaffirms “Buy” Rating for Ceres Power (LON:CWR)

Ceres Power (LON:CWR)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a report released on Wednesday, Digital Look reports. They currently have a GBX 950 price target on the stock. Berenberg Bank’s target price points to a potential upside of 127.38% from the stock’s current price.

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 920 target price on shares of Ceres Power in a research note on Wednesday, June 10th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 935.

Ceres Power Trading Up 7.5%

Shares of CWR stock opened at GBX 417.80 on Wednesday. The stock has a market cap of £893.37 million, a P/E ratio of -17.04 and a beta of 3.00. The company has a quick ratio of 12.18, a current ratio of 10.54 and a debt-to-equity ratio of 1.06. Ceres Power has a fifty-two week low of GBX 119 and a fifty-two week high of GBX 872.50. The business has a fifty day simple moving average of GBX 399.90 and a 200-day simple moving average of GBX 475.86.

Ceres Power (LON:CWR) last announced its earnings results on Wednesday, September 23rd. The company reported GBX (8.58) earnings per share (EPS) for the quarter. Ceres Power had a negative return on equity of 29.93% and a negative net margin of 130.56%. On average, analysts forecast that Ceres Power will post -12.4426979 earnings per share 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.