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

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s share price was up 11.7% during trading on Monday . The company traded as high as GBX 58.02 ($0.76) and last traded at GBX 53.86 ($0.70). Approximately 5,468,781 shares traded hands 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).

Analyst Upgrades and Downgrades

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

Ceres Power Trading Down 3.3 %

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

Insider Buying and Selling at Ceres Power

In related news, insider Stuart Paynter purchased 7,151 shares of the company's stock in a transaction dated Wednesday, January 29th. The stock was acquired at an average cost of GBX 139 ($1.82) per share, for a total transaction of £9,939.89 ($13,010.33). Insiders own 40.29% of the company's stock.

About Ceres Power

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.