Ceres Power (CPWHF) to Release Earnings on Thursday

Ceres Power (OTCMKTS:CPWHF) is expected to post its results before the market opens on Thursday, March 26th. Analysts expect Ceres Power to post earnings of ($0.1184) per share and revenue of $16.0070 million for the quarter.

Ceres Power Stock Performance

CPWHF stock opened at $4.44 on Thursday. The firm’s 50-day moving average price is $4.10 and its two-hundred day moving average price is $3.52. Ceres Power has a 12-month low of $0.67 and a 12-month high of $5.51.

Wall Street Analysts Forecast Growth

Separately, Panmure Gordon raised Ceres Power to a “buy” rating in a research note on Friday, December 12th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

About Ceres Power

Ceres Power plc (OTCMKTS: CPWHF) is a UK-based clean energy technology company focused on the development and licensing of solid oxide fuel cell (SOFC) technology. The company’s core business activity centers on its proprietary SteelCell® platform, a nickel-ceramic fuel cell design that can operate on a variety of fuels including natural gas, hydrogen and biogas. Ceres Power pursues a technology licensing model, partnering with manufacturing and energy firms to integrate its fuel cells into distributed power generation systems, residential combined heat and power (CHP) units and commercial backup power solutions.

Since its founding as an Imperial College London spin-out in 2001, Ceres Power has built a global network of strategic partnerships to scale its technology.