Ceres Power (LON:CWR) Stock Breaks Below 200 Day Moving Average – Here’s What Happened

Ceres Power Holdings plc (LON:CWR – Get Free Report)’s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 481.46 and traded as low as GBX 369. Ceres Power shares last traded at GBX 381, with a volume of 2,081,217 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 950 price target on shares of Ceres Power in a research report on Wednesday, September 23rd. Two research analysts have rated the stock with a Buy rating. According to MarketBeat, Ceres Power currently has a consensus rating of “Buy” and an average target price of GBX 935.

Read Our Latest Analysis on CWR

Ceres Power Stock Up 3.3%

The firm has a fifty day moving average price of GBX 407.51 and a 200 day moving average price of GBX 481.46. The company has a quick ratio of 12.18, a current ratio of 10.54 and a debt-to-equity ratio of 1.06. The company has a market cap of £814.70 million, a P/E ratio of -16.59 and a beta of 3.00.

Ceres Power (LON:CWR – Get Free Report) last announced its earnings results on Wednesday, September 23rd. The company reported GBX (8.58) earnings per share for the quarter. Ceres Power had a negative return on equity of 29.93% and a negative net margin of 130.56%. Equities research analysts forecast that Ceres Power Holdings plc will post -12.44 earnings per share for the current year.

About Ceres Power

(Get Free Report)

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.

Further Reading

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