Ceres Power (LON:CWR) Shares Up 22.2% – Time to Buy?

Ceres Power Holdings plc (LON:CWR)’s share price was up 22.2% during trading on Wednesday . The company traded as high as GBX 390.25 and last traded at GBX 382.20. Approximately 23,171,760 shares were traded during trading, an increase of 1,038% from the average daily volume of 2,036,396 shares. The stock had previously closed at GBX 312.80.

Ceres Power Price Performance

The company has a debt-to-equity ratio of 1.54, a quick ratio of 12.18 and a current ratio of 6.48. The company has a market cap of £723.06 million, a price-to-earnings ratio of -20.43 and a beta of 1.60. The business has a fifty day moving average price of GBX 176.81 and a 200 day moving average price of GBX 119.42.

Ceres Power (LON:CWR) last posted its quarterly 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, research analysts anticipate 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.