Ceres Power (LON:CWR) Stock Price Down 38.5% – Here’s Why

Posted by Linda Flegge on Feb 20th, 2025

Ceres Power Holdings plc (LON:CWR – Get Free Report)’s share price was down 38.5% during trading on Thursday . The stock traded as low as GBX 68.05 ($0.86) and last traded at GBX 80.55 ($1.01). Approximately 8,976,891 shares changed hands during mid-day trading, an increase of 577% from the average daily volume of 1,325,255 shares. The stock had previously closed at GBX 131 ($1.65).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 650 ($8.18) price target on shares of Ceres Power in a research note on Wednesday, January 29th.

Get Our Latest Research Report on CWR

Ceres Power Trading Down 38.5 %

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 market cap of £157.02 million, a PE ratio of -3.89 and a beta of 1.60. The company’s 50 day moving average price is GBX 159.68 and its 200 day moving average price is GBX 186.33.

Insiders Place Their Bets

In other news, insider Dame Julia King purchased 30,200 shares of the stock in a transaction on Thursday, November 28th. The stock was bought at an average price of GBX 165 ($2.08) per share, for a total transaction of £49,830 ($62,702.91). Also, insider Stuart Paynter acquired 7,151 shares of the company’s stock in a transaction on Wednesday, January 29th. The stock was purchased at an average cost of GBX 139 ($1.75) per share, for a total transaction of £9,939.89 ($12,507.73). Insiders own 40.29% of the company’s stock.

Ceres Power Company Profile

(Get Free Report)

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.