Ceres Power (LON:CWR) Shares Down 10.5% – Should You Sell?

Ceres Power Holdings plc (LON:CWR) shares dropped 10.5% during trading on Thursday . The stock traded as low as GBX 388.60 and last traded at GBX 388.60. Approximately 134,396,906 shares traded hands during mid-day trading, an increase of 1,303% from the average session volume of 9,576,856 shares. The stock had previously closed at GBX 434.20.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 950 price objective on shares of Ceres Power in a research report on Wednesday. Jefferies Financial Group restated a “buy” rating and issued a GBX 920 target price on shares of Ceres Power in a research note on Wednesday, June 10th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 935.

Ceres Power Stock Performance

The company has a market capitalization of £830.93 million, a P/E ratio of -15.85 and a beta of 3.00. The company’s 50 day moving average is GBX 398.74 and its 200-day moving average is GBX 475.83. The company has a current ratio of 3.27, a quick ratio of 12.18 and a debt-to-equity ratio of 2.24.

Ceres Power (LON:CWR) last posted its quarterly earnings data on Wednesday, September 23rd. The company reported GBX (8.58) EPS for the quarter. Ceres Power had a negative return on equity of 39.26% and a negative net margin of 145.65%. Equities analysts anticipate 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: 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.