Ceres Power (OTCMKTS:CPWHF) Shares Down 11.2% – Here’s What Happened

Ceres Power Holdings plc (OTCMKTS:CPWHF) shares were down 11.2% during trading on Tuesday . The stock traded as low as $3.11 and last traded at $3.11. Approximately 108,675 shares changed hands during mid-day trading, an increase of 554% from the average daily volume of 16,628 shares. The stock had previously closed at $3.5005.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. The Goldman Sachs Group raised Ceres Power from a “neutral” rating to a “buy” rating in a research note on Thursday, October 2nd. Panmure Gordon raised Ceres Power to a “buy” rating in a research report on Friday. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Ceres Power Price Performance

The company’s 50-day moving average is $4.01 and its two-hundred day moving average is $2.37.

About Ceres Power

Ceres Power Holdings plc, provides fuel cells for power generation and electrolysers for green hydrogen in Europe, Asia, North America, and internationally. The company offers SteelCell, a solid oxide fuel cell that generates electrical natural gas, biogas, and pure and blend hydrogen. It also develops solid oxide electrolysis cell, provides a pathway to produce green hydrogen using fossil fuels.