Ceres Power (LON:CWR) Posts Quarterly Earnings Results

Ceres Power (LON:CWR) announced its earnings results on Thursday. The company reported GBX (24.52) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Ceres Power had a negative net margin of 145.65% and a negative return on equity of 39.26%.

Here are the key takeaways from Ceres Power’s conference call:

• Manufacturing partnerships progressed — new MLA with Weichai (China), Delta prototyping in Taiwan and Doosan’s factory in Korea reached first production and generated Ceres’ first royalties, accelerating commercial scale-up.
• Centrica partnership announced to target a multi-gigawatt UK opportunity (initial focus on data centers), with Ceres advising on deployment to help stimulate demand for licensees’ products.
• Strong financial position and cost action — year-end cash was over GBP 83m and management expects about a 20% cost reduction in 2026 from a business transformation, improving runway and discipline.
• Management outlook: achieving an average of one new MLA per year is presented as the path to cash-flow neutrality, but royalties are still modest today and profitability depends on execution and licensing cadence.
• Hydrogen market dynamics remain mixed; Ceres notes short-term headwinds but is advancing pressurized SOEC modules with Shell, Thermax and Denso to target megawatt-scale green hydrogen as a longer-term opportunity.

Ceres Power Trading Down 11.1%

Shares of Ceres Power stock opened at GBX 303.40 on Friday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 12.18 and a current ratio of 3.27. The company has a market capitalization of £590.76 million, a P/E ratio of -16.62 and a beta of 1.81. Ceres Power has a 1 year low of GBX 44 and a 1 year high of GBX 430.80. The company’s fifty day moving average is GBX 309.51 and its two-hundred day moving average is GBX 271.29.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 530 price objective on shares of Ceres Power in a research note on Thursday. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Ceres Power presently has an average rating of “Buy” and an average target price of GBX 495.

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.