Ceres Power’s (CWR) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Ceres Power (LON:CWR) in a research report sent to investors on Thursday, MarketBeat Ratings reports. The firm currently has a GBX 530 price target on the stock.

Ceres Power Trading Down 11.1%

CWR opened at GBX 303.40 on Thursday. The business has a 50 day simple moving average of GBX 309.51 and a two-hundred day simple moving average of GBX 272.48. The company has a debt-to-equity ratio of 2.24, a current ratio of 3.27 and a quick ratio of 12.18. The firm has a market capitalization of £590.76 million, a price-to-earnings ratio of -16.62 and a beta of 1.81. Ceres Power has a one year low of GBX 44 and a one year high of GBX 430.80.

Ceres Power (LON:CWR) last released its quarterly earnings data on Thursday, March 26th. The company reported GBX (24.52) earnings per share for the quarter. Ceres Power had a negative return on equity of 39.26% and a negative net margin of 145.65%. Analysts predict that Ceres Power will post -12.4426979 EPS for the current year.

About Ceres Power

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.