Ceres Power Holdings plc (LON:CWR – Get Free Report)’s share price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 479.10 and traded as low as GBX 396.76. Ceres Power shares last traded at GBX 412.60, with a volume of 1,247,898 shares trading hands.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the stock. Berenberg Bank restated a “buy” rating and set a GBX 950 price target on shares of Ceres Power in a report on Wednesday, September 23rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 920 target price on shares of Ceres Power in a research note on Wednesday, June 10th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 935.
View Our Latest Stock Analysis on CWR
Ceres Power Price Performance
Ceres Power (LON:CWR – Get Free Report) last issued its quarterly earnings results on Wednesday, September 23rd. The company reported GBX (8.58) EPS for the quarter. Ceres Power had a negative return on equity of 29.93% and a negative net margin of 130.56%. As a group, sell-side analysts anticipate that Ceres Power Holdings plc will post -12.4426979 EPS for the current year.
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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