Berenberg Bank initiated coverage on shares of Ceres Power Holdings plc (LON:CWR) in a report issued on Friday. The brokerage issued a buy rating and a GBX 15 ($0.20) price target on the stock.

Shares of Ceres Power Holdings plc (LON:CWR) traded down 3.261% during trading on Friday, hitting GBX 11.125. 48,645 shares of the stock traded hands. The firm’s market capitalization is GBX 112.14 million. Ceres Power Holdings plc has a 1-year low of GBX 6.79 and a 1-year high of GBX 13.25. The firm has a 50-day moving average of GBX 10.05 and a 200-day moving average of GBX 8.76.

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Ceres Power Holdings plc Company Profile

Ceres Power Holdings PLC is a United Kingdom-based company, which is a fuel cell technology and engineering company. The Company is engaged in the development and commercialization of its fuel cell technology. The SteelCell, operating at a temperature between 500 and 600 degree Celsius, is a perforated sheet of steel with a special ceramic layer that converts fuel directly into electrical power.

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