Ceres Power (LON:CWR) Shares Up 15.1% – Still a Buy?

Shares of Ceres Power Holdings plc (LON:CWR) were up 15.1% during trading on Saturday . The company traded as high as GBX 192 ($2.58) and last traded at GBX 190 ($2.55). Approximately 4,376,311 shares traded hands during trading, an increase of 140% from the average daily volume of 1,824,499 shares. The stock had previously closed at GBX 165.10 ($2.22).

Ceres Power Stock Performance

The stock has a market capitalization of £368.51 million, a P/E ratio of -1,041.10 and a beta of 1.60. The stock’s 50-day simple moving average is GBX 121.61 and its 200 day simple moving average is GBX 90.33. 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 posted its earnings results 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%. 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.