Ceres Power (LON:CWR) Trading 18.9% Higher – Here’s Why

Ceres Power Holdings plc (LON:CWR) traded up 18.9% during trading on Thursday . The stock traded as high as GBX 390.25 and last traded at GBX 371.80. 11,141,039 shares changed hands during trading, an increase of 463% from the average session volume of 1,980,439 shares. The stock had previously closed at GBX 312.80.

Ceres Power Stock Up 4.2%

The firm has a 50 day moving average of GBX 181.91 and a 200 day moving average of GBX 121.19. The firm has a market cap of £753.56 million, a price-to-earnings ratio of -21.24 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 released its earnings results on Friday, September 26th. The company reported GBX (10.14) EPS for the quarter. Ceres Power had a negative return on equity of 22.96% and a negative net margin of 101.69%. As a group, sell-side analysts predict that Ceres Power Holdings plc will post -12.4426979 earnings per share for the current year.

Ceres Power Company Profile

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.