Ceres Power (LON:CWR) Trading 19.8% Higher – Here’s What Happened

Ceres Power Holdings plc (LON:CWR) traded up 19.8% during trading on Wednesday . The stock traded as high as GBX 390.25 and last traded at GBX 374.80. 24,298,693 shares traded hands during trading, an increase of 1,090% from the average session volume of 2,041,637 shares. The stock had previously closed at GBX 312.80.

Ceres Power Stock Performance

The company’s fifty day simple moving average is GBX 176.81 and its 200 day simple moving average is GBX 119.42. The firm has a market capitalization of £721.12 million, a PE ratio of -20.37 and a beta of 1.60. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18.

Ceres Power (LON:CWR) last announced its quarterly 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, equities research analysts expect that Ceres Power Holdings plc will post -12.4426979 EPS for the current fiscal 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.