Ceres Power (LON:CWR) Stock Price Up 14.5% – Here’s Why

Ceres Power Holdings plc (LON:CWR) traded up 14.5% during trading on Friday . The stock traded as high as GBX 192 ($2.59) and last traded at GBX 189 ($2.55). 81,542,156 shares were traded during trading, an increase of 3,563% from the average session volume of 2,226,405 shares. The stock had previously closed at GBX 165.10 ($2.23).

Ceres Power Price Performance

The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54. The company has a market capitalization of £368.51 million, a PE ratio of -1,041.10 and a beta of 1.60. The firm’s 50 day simple moving average is GBX 121.61 and its 200 day simple moving average is GBX 90.20.

Ceres Power (LON:CWR) last announced its earnings results on Friday, September 26th. The company reported GBX (10.14) earnings per share for the quarter. Ceres Power had a negative net margin of 101.69% and a negative return on equity of 22.96%. As a group, research 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: 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.