Ceres Power (LON:CWR) Stock Price Up 13.6% - What's Next?

Ceres Power Holdings plc (LON:CWR - Get Free Report) shares shot up 13.6% during trading on Monday . The company traded as high as GBX 57.60 ($0.75) and last traded at GBX 54.80 ($0.72). 9,372,030 shares traded hands during trading, an increase of 334% from the average session volume of 2,161,570 shares. The stock had previously closed at GBX 48.24 ($0.63).

Analyst Upgrades and Downgrades

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

Ceres Power Stock Down 3.3 %

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

Insider Activity at Ceres Power

In other news, insider Stuart Paynter purchased 7,151 shares of the firm's stock in a transaction dated 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 currently owned by corporate 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.