Ceres Power (LON:CWR) Stock Rating Reaffirmed as Buy by Berenberg Bank

Ceres Power (LON:CWR)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research report issued to clients and investors on Wednesday, September 23rd, Digital Look reports. They currently have a GBX 950 target price on the stock. Berenberg Bank’s price objective would suggest a potential upside of 133.07% from the company’s previous close.

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 920 target price on shares of Ceres Power in a research note on Wednesday, June 10th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 935.

Ceres Power Stock Up 3.7%

CWR traded up GBX 14.60 during midday trading on Wednesday, hitting GBX 407.60. 58,559,469 shares of the company’s stock traded hands, compared to its average volume of 9,033,212. The company has a debt-to-equity ratio of 1.06, a current ratio of 10.54 and a quick ratio of 12.18. The company has a market cap of £871.56 million, a PE ratio of -16.62 and a beta of 3.00. Ceres Power has a one year low of GBX 138 and a one year high of GBX 872.50. The stock’s fifty day simple moving average is GBX 400.59 and its 200-day simple moving average is GBX 477.91.

Ceres Power (LON:CWR) last issued its quarterly earnings data on Wednesday, September 23rd. The company reported GBX (8.58) earnings per share for the quarter. Ceres Power had a negative net margin of 130.56% and a negative return on equity of 29.93%. As a group, equities analysts anticipate that Ceres Power will post -12.4426979 earnings per share for the current fiscal year.

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.