Ceres Power (LON:CWR) Trading 18.9% Higher – Time to Buy?

Ceres Power Holdings plc (LON:CWR) shot up 18.9% during trading on Wednesday . The company traded as high as GBX 390.25 and last traded at GBX 371.80. 11,141,039 shares traded hands during mid-day trading, an increase of 463% from the average session volume of 1,980,439 shares. The stock had previously closed at GBX 312.80.

Ceres Power Stock Up 18.9%

The business has a 50 day simple moving average of GBX 176.81 and a 200 day simple moving average of GBX 119.42. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18. The stock has a market cap of £721.12 million, a PE ratio of -20.37 and a beta of 1.60.

Ceres Power (LON:CWR) last issued its quarterly earnings data on Friday, September 26th. The company reported GBX (10.14) earnings per share for the quarter. Ceres Power had a negative return on equity of 22.96% and a negative net margin of 101.69%. On average, equities research analysts forecast that Ceres Power Holdings plc will post -12.4426979 EPS for the current fiscal 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.