Ceres Power Holdings plc (LON:CWR – Get Free Report) traded up 11.8% during mid-day trading on Thursday . The company traded as high as GBX 669 and last traded at GBX 666. 6,189,451 shares traded hands during trading, a decline of 17% from the average session volume of 7,432,738 shares. The stock had previously closed at GBX 595.50.
Wall Street Analysts Forecast Growth
Several analysts have commented on CWR shares. Berenberg Bank reissued a “buy” rating and issued a GBX 530 price objective on shares of Ceres Power in a research note on Thursday, March 26th. Jefferies Financial Group raised their target price on shares of Ceres Power from GBX 480 to GBX 920 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Ceres Power presently has a consensus rating of “Buy” and an average price target of GBX 725.
Read Our Latest Analysis on Ceres Power
Ceres Power Price Performance
Ceres Power (LON:CWR – Get Free Report) last released its quarterly earnings results on Thursday, March 26th. The company reported GBX (24.52) earnings per share (EPS) for the quarter. Ceres Power had a negative return on equity of 39.26% and a negative net margin of 145.65%. On average, equities research analysts anticipate that Ceres Power Holdings plc will post -12.4426979 earnings per share for the current fiscal year.
Insider Transactions at Ceres Power
In other news, insider Philip Caldwell sold 456,940 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of GBX 622, for a total value of £2,842,166.80. Insiders own 8.03% of the company’s stock.
Ceres Power Company Profile
Ceres is a leading developer of clean energy technology: fuel cells for power generation and electrolysers for green hydrogen. Its asset-light, licensing model has seen it establish partnerships with some of the world’s largest companies, such as Doosan, Delta, Denso, Shell, Weichai and Thermax. Ceres’ solid oxide technology supports greater electrification of our energy systems, including AI data centres, commercial and industrial applications, and produces green hydrogen at high efficiencies as a route to decarbonise emissions-intensive industries such as ammonia, steelmaking and electrofuels.
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