Ceres Power Holdings plc (LON:CWR – Get Free Report)’s share price was down 11.4% during mid-day trading on Thursday. The stock traded as low as GBX 257 and last traded at GBX 257. 2,911,672 shares traded hands during trading, a decline of 70% from the average daily volume of 9,558,107 shares. The stock had previously closed at GBX 290.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reissued a “buy” rating and set a GBX 950 target price on shares of Ceres Power in a research report on Wednesday, September 23rd. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 935.
Read Our Latest Stock Analysis on Ceres Power
Ceres Power Stock Performance
The company has a debt-to-equity ratio of 1.06, a current ratio of 10.54 and a quick ratio of 12.18. The company has a market cap of £549.55 million, a PE ratio of -11.19 and a beta of 3.00. The business has a fifty day simple moving average of GBX 392.76 and a two-hundred day simple moving average of GBX 483.16.
Ceres Power (LON:CWR – Get Free Report) last released its quarterly earnings results on Wednesday, September 23rd. The company reported GBX (8.58) EPS for the quarter. Ceres Power had a negative return on equity of 17.63% and a negative net margin of 74.23%. Research analysts anticipate that Ceres Power Holdings plc will post -12.44 earnings per share for the current year.
About Ceres Power
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.
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