Ceres Power’s (CWR) “Buy” Rating Reaffirmed at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Ceres Power (LON:CWR) in a report released on Thursday, Marketbeat.com reports. Berenberg Bank currently has a GBX 530 price target on the stock.

Ceres Power Stock Down 4.5%

Shares of CWR opened at GBX 325.80 on Thursday. Ceres Power has a 1 year low of GBX 44 and a 1 year high of GBX 430.80. The company has a debt-to-equity ratio of 2.08, a current ratio of 5.37 and a quick ratio of 12.18. The stock has a 50 day simple moving average of GBX 309.69 and a two-hundred day simple moving average of GBX 269.90. The firm has a market cap of £634.37 million, a P/E ratio of -17.85 and a beta of 1.81.

Ceres Power (LON:CWR) last posted its quarterly earnings results on Thursday, March 26th. The company reported GBX (24.52) EPS for the quarter. Ceres Power had a negative return on equity of 24.51% and a negative net margin of 79.44%. On average, analysts forecast that Ceres Power 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.