Ceres Power (LON:CWR) Shares Down 14.5% – Here’s What Happened

Ceres Power Holdings plc (LON:CWR)’s stock price fell 14.5% during trading on Friday . The stock traded as low as GBX 119 ($1.59) and last traded at GBX 120.96 ($1.61). 19,514,357 shares traded hands during mid-day trading, an increase of 1,130% from the average session volume of 1,586,582 shares. The stock had previously closed at GBX 141.40 ($1.89).

Ceres Power Price Performance

The business’s 50-day simple moving average is GBX 115.24 and its two-hundred day simple moving average is GBX 86.33. The stock has a market cap of £244.06 million, a price-to-earnings ratio of -860.12 and a beta of 1.60. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18.

Ceres Power (LON:CWR) last announced 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%. Research analysts expect that Ceres Power Holdings plc will post -12.4426979 earnings per share for the current 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.