Ceres Power (LON:CWR) Shares Up 20.7% – Still a Buy?

Ceres Power Holdings plc (LON:CWR) shares rose 20.7% on Thursday . The stock traded as high as GBX 258.80 ($3.47) and last traded at GBX 258.60 ($3.47). Approximately 80,881,109 shares traded hands during mid-day trading, an increase of 3,515% from the average daily volume of 2,237,261 shares. The stock had previously closed at GBX 214.20 ($2.87).

Ceres Power Trading Down 1.4%

The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54. The business’s fifty day moving average is GBX 135.86 and its 200 day moving average is GBX 98.33. The firm has a market capitalization of £490.85 million, a price-to-earnings ratio of -1,386.72 and a beta of 1.60.

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