Ceres Power (CPWHF) Expected to Release Earnings on Wednesday

Ceres Power (OTCMKTS:CPWHF) is expected to release its results before the market opens on Wednesday, September 23rd. Analysts expect the company to announce earnings of ($0.0644) per share and revenue of $34.75 million for the quarter.

Ceres Power Stock Performance

Ceres Power stock opened at $5.82 on Tuesday. Ceres Power has a 1 year low of $1.70 and a 1 year high of $11.70. The business has a 50-day moving average of $5.34 and a 200-day moving average of $6.35.

Analyst Ratings Changes

Separately, Panmure Gordon lowered shares of Ceres Power from a “buy” rating to a “sell” rating in a research note on Thursday, June 4th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Ceres Power Company Profile

Ceres Power plc (OTCMKTS: CPWHF) is a UK-based clean energy technology company focused on the development and licensing of solid oxide fuel cell (SOFC) technology. The company’s core business activity centers on its proprietary SteelCell® platform, a nickel-ceramic fuel cell design that can operate on a variety of fuels including natural gas, hydrogen and biogas. Ceres Power pursues a technology licensing model, partnering with manufacturing and energy firms to integrate its fuel cells into distributed power generation systems, residential combined heat and power (CHP) units and commercial backup power solutions.

Since its founding as an Imperial College London spin-out in 2001, Ceres Power has built a global network of strategic partnerships to scale its technology.