Ceres Power Holdings plc (OTCMKTS:CPWHF – Get Free Report) shares traded down 6.4% during trading on Thursday . The stock traded as low as $5.43 and last traded at $5.43. Approximately 1,689 shares were traded during mid-day trading, a decline of 90% from the average session volume of 17,016 shares. The stock had previously closed at $5.80.
Analysts Set New Price Targets
Separately, Panmure Gordon cut Ceres Power from a “buy” rating to a “sell” rating in a report on Thursday, June 4th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
View Our Latest Stock Analysis on Ceres Power
Ceres Power Trading Down 6.4%
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.
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