Ceres Power (LON:CWR) Shares Up 15.1% – Here’s Why

Ceres Power Holdings plc (LON:CWR)’s stock price shot up 15.1% during mid-day trading on Saturday . The stock traded as high as GBX 192 ($2.58) and last traded at GBX 190 ($2.55). 4,376,311 shares changed hands during trading, an increase of 140% from the average session volume of 1,824,499 shares. The stock had previously closed at GBX 165.10 ($2.22).

Ceres Power Trading Up 15.1%

The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18. The company has a fifty day moving average of GBX 121.61 and a 200-day moving average of GBX 90.33. The firm has a market capitalization of £368.51 million, a PE ratio of -1,041.10 and a beta of 1.60.

Ceres Power (LON:CWR) last announced its quarterly earnings data on Friday, September 26th. The company reported GBX (10.14) earnings per share (EPS) for the quarter. Ceres Power had a negative return on equity of 22.96% and a negative net margin of 101.69%. On average, sell-side analysts anticipate that Ceres Power Holdings plc will post -12.4426979 earnings per share 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.