Ceres Power (LON:CWR) Trading 10% Higher – Should You Buy?

Ceres Power Holdings plc (LON:CWR) shares traded up 10% on Wednesday . The stock traded as high as GBX 355 and last traded at GBX 344.12. 18,316,352 shares traded hands during mid-day trading, an increase of 810% from the average session volume of 2,013,813 shares. The stock had previously closed at GBX 312.80.

Ceres Power Stock Up 1.2%

The stock has a market capitalization of £741.52 million, a PE ratio of -20.90 and a beta of 1.60. 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 business has a 50 day moving average of GBX 187.36 and a two-hundred day moving average of GBX 123.07.

Ceres Power (LON:CWR) last released its quarterly earnings results on Friday, September 26th. The company reported GBX (10.14) EPS for the quarter. Ceres Power had a negative net margin of 101.69% and a negative return on equity of 22.96%. Analysts predict that Ceres Power Holdings plc will post -12.4426979 EPS 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.