Ceres Power (LON:CWR) Shares Up 20.7% – Still a Buy?

Ceres Power Holdings plc (LON:CWR) shot up 20.7% on Thursday . The stock traded as high as GBX 258.80 ($3.47) and last traded at GBX 258.60 ($3.47). 80,881,109 shares traded hands during mid-day trading, an increase of 3,515% from the average session volume of 2,237,261 shares. The stock had previously closed at GBX 214.20 ($2.87).

Ceres Power Price Performance

The company’s fifty day moving average is GBX 135.86 and its two-hundred day moving average is GBX 98.33. The firm has a market capitalization of £490.85 million, a price-to-earnings ratio of -1,386.72 and a beta of 1.60. The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54.

Ceres Power (LON:CWR) last posted its earnings results on Friday, September 26th. The company reported GBX (10.14) earnings per share for the quarter. Ceres Power had a negative return on equity of 22.96% and a negative net margin of 101.69%. Equities research analysts anticipate that Ceres Power Holdings plc will post -12.4426979 earnings per share for the current fiscal 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.