Ceres Power (OTCMKTS:CPWHF) Trading Up 2.1% – Time to Buy?

Ceres Power Holdings plc (OTCMKTS:CPWHF)’s stock price was up 2.1% during mid-day trading on Monday . The company traded as high as $5.98 and last traded at $5.47. Approximately 31,450 shares traded hands during trading, an increase of 93% from the average daily volume of 16,332 shares. The stock had previously closed at $5.36.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “buy” rating on shares of Ceres Power in a research note on Wednesday, April 15th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Ceres Power Stock Up 10.5%

The firm’s 50 day moving average is $4.39 and its 200-day moving average is $4.03.

Ceres Power Company Profile

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.