Ceres Power (OTCMKTS:CPWHF) Trading 13.1% Higher

Ceres Power Holdings plc (OTCMKTS:CPWHF – Get Rating) traded up 13.1% during mid-day trading on Monday . The stock traded as high as $4.75 and last traded at $4.75. 5,700 shares were traded during trading, an increase of 154% from the average session volume of 2,240 shares. The stock had previously closed at $4.20.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Royal Bank of Canada assumed coverage on shares of Ceres Power in a research report on Thursday, September 22nd. They set a “sector perform” rating on the stock. Jefferies Financial Group assumed coverage on shares of Ceres Power in a research report on Tuesday, October 11th. They set a “hold” rating on the stock. Credit Suisse Group reduced their price target on shares of Ceres Power from GBX 1,250 ($15.23) to GBX 950 ($11.57) in a research report on Monday, November 28th. Finally, Peel Hunt initiated coverage on shares of Ceres Power in a report on Friday, October 21st. They issued a “buy” rating on the stock.

Ceres Power Stock Up 13.1 %

The stock’s fifty day simple moving average is $4.34 and its two-hundred day simple moving average is $5.54.

About Ceres Power

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Ceres Power Holdings plc, a fuel cell technology and engineering company, engages in the development and commercialization of fuel cell technology in North America, Asia, and Europe. The company offers SteelCell, a solid oxide fuel cell that generates power from conventional and sustainable fuels, such as natural gas, biogas, ethanol, and hydrogen.