Insider Selling: Ceres Power (LON:CWR) Insider Sells 456,940 Shares of Stock

Ceres Power Holdings plc (LON:CWR) insider Philip Caldwell sold 456,940 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of GBX 622, for a total transaction of £2,842,166.80.

Ceres Power Stock Up 1.5%

Shares of Ceres Power stock traded up GBX 9 during midday trading on Friday, hitting GBX 628. The company’s stock had a trading volume of 8,546,850 shares, compared to its average volume of 8,147,741. Ceres Power Holdings plc has a 1-year low of GBX 58.55 and a 1-year high of GBX 656. The company has a quick ratio of 12.18, a current ratio of 3.27 and a debt-to-equity ratio of 2.24. The firm has a market capitalization of £1.22 billion, a P/E ratio of -25.61 and a beta of 2.90. The stock has a 50-day simple moving average of GBX 355.70 and a 200-day simple moving average of GBX 313.99.

Ceres Power (LON:CWR) last posted its quarterly earnings results on Thursday, March 26th. The company reported GBX (24.52) earnings per share for the quarter. Ceres Power had a negative net margin of 145.65% and a negative return on equity of 39.26%. As a group, sell-side analysts expect that Ceres Power Holdings plc will post -12.4426979 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CWR has been the topic of a number of research reports. Berenberg Bank restated a “buy” rating and issued a GBX 530 price objective on shares of Ceres Power in a report on Thursday, March 26th. Jefferies Financial Group upped their price objective on shares of Ceres Power from GBX 460 to GBX 480 and gave the stock a “buy” rating in a report on Thursday, April 16th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 505.

About Ceres Power

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.