Ceres Power’s (CWR) “Buy” Rating Reiterated at Berenberg Bank

Ceres Power (LON:CWR)‘s stock had its “buy” rating restated by stock analysts at Berenberg Bank in a report released on Wednesday, Digital Look reports. They currently have a GBX 950 price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 116.99% from the company’s current price.

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 920 price objective on shares of Ceres Power in a report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Ceres Power currently has an average rating of “Buy” and an average price target of GBX 935.

Ceres Power Trading Up 1.3%

Shares of CWR stock opened at GBX 437.80 on Wednesday. The firm has a 50 day moving average price of GBX 398.55 and a two-hundred day moving average price of GBX 474.93. 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 company has a market capitalization of £936.14 million, a PE ratio of -17.85 and a beta of 3.00. Ceres Power has a 12-month low of GBX 119 and a 12-month high of GBX 872.50.

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.