Ceres Power (LON:CWR) Trading 11.7% Higher - What's Next?

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s share price was up 11.7% during trading on Monday . The stock traded as high as GBX 58.02 ($0.76) and last traded at GBX 53.86 ($0.70). Approximately 5,468,781 shares were traded during mid-day trading, an increase of 160% from the average daily volume of 2,104,169 shares. The stock had previously closed at GBX 48.24 ($0.63).

Wall Street Analyst Weigh In

Separately, Berenberg Bank cut their price objective on Ceres Power from GBX 650 ($8.51) to GBX 340 ($4.45) and set a "buy" rating for the company in a research report on Tuesday, February 25th.

Ceres Power Stock Down 3.3 %

The company has a debt-to-equity ratio of 1.54, a quick ratio of 12.18 and a current ratio of 6.48. The firm has a market capitalization of £107.41 million, a PE ratio of -2.66 and a beta of 1.60. The business's 50 day moving average price is GBX 79.93 and its 200-day moving average price is GBX 151.70.

Insiders Place Their Bets

In other Ceres Power news, insider Stuart Paynter purchased 7,151 shares of the firm's stock in a transaction on Wednesday, January 29th. The stock was bought at an average price of GBX 139 ($1.82) per share, with a total value of £9,939.89 ($13,010.33). 40.29% of the stock is owned by insiders.

Ceres Power Company Profile

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.