Ceres Power (OTCMKTS:CPWHF) Trading 0.7% Higher – Still a Buy?

Ceres Power Holdings plc (OTCMKTS:CPWHF)’s share price traded up 0.7% during trading on Tuesday . The stock traded as high as $11.11 and last traded at $10.5264. 14,704 shares changed hands during mid-day trading, a decline of 17% from the average session volume of 17,683 shares. The stock had previously closed at $10.45.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “buy” rating on shares of Ceres Power in a research note on Wednesday, April 15th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Ceres Power Trading Up 0.7%

The firm has a 50-day simple moving average of $7.15 and a 200-day simple moving average of $5.10.

Ceres Power Company Profile

Ceres Power plc (OTCMKTS: CPWHF) is a UK-based clean energy technology company focused on the development and licensing of solid oxide fuel cell (SOFC) technology. The company’s core business activity centers on its proprietary SteelCell® platform, a nickel-ceramic fuel cell design that can operate on a variety of fuels including natural gas, hydrogen and biogas. Ceres Power pursues a technology licensing model, partnering with manufacturing and energy firms to integrate its fuel cells into distributed power generation systems, residential combined heat and power (CHP) units and commercial backup power solutions.

Since its founding as an Imperial College London spin-out in 2001, Ceres Power has built a global network of strategic partnerships to scale its technology.