Ceres Power Holdings plc (LON:CWR – Get Free Report) shares fell 3.9% on Thursday. The company traded as low as GBX 258.60 and last traded at GBX 264.60. Approximately 1,739,451 shares were traded during trading, a decline of 82% from the average daily volume of 9,762,011 shares. The stock had previously closed at GBX 275.20.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 950 price objective on shares of Ceres Power in a research report on Wednesday, September 23rd. Two investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 935.
Ceres Power Stock Performance
The company has a market cap of £565.84 million, a P/E ratio of -11.52 and a beta of 3.00. The company has a 50 day moving average price of GBX 347.81 and a 200-day moving average price of GBX 423.54. The company has a quick ratio of 12.18, a current ratio of 10.54 and a debt-to-equity ratio of 1.06.
Ceres Power (LON:CWR – Get Free Report) last issued its quarterly earnings results on Wednesday, September 23rd. The company reported GBX (8.58) EPS for the quarter. Ceres Power had a negative net margin of 74.23% and a negative return on equity of 17.63%. Equities analysts expect that Ceres Power Holdings plc will post -12.44 EPS for the current fiscal 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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