Ceres Power (LON:CWR) Stock Price Down 15.8% – What’s Next?

Ceres Power Holdings plc (LON:CWR) shares dropped 15.8% during mid-day trading on Thursday. The stock traded as low as GBX 308.40 and last traded at GBX 311.80. Approximately 199,593,531 shares changed hands during trading, an increase of 1,766% from the average session volume of 10,694,671 shares. The stock had previously closed at GBX 370.40.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 950 price target on shares of Ceres Power in a research note on Wednesday, September 23rd. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 935.

Ceres Power Trading Down 15.8%

The company has a market capitalization of £666.73 million, a P/E ratio of -13.58 and a beta of 3.00. The stock’s 50 day moving average is GBX 406.79 and its 200-day moving average is GBX 483.85. The company has a debt-to-equity ratio of 1.06, a current ratio of 10.54 and a quick ratio of 12.18.

Ceres Power (LON:CWR) last announced its earnings results on Wednesday, September 23rd. The company reported GBX (8.58) earnings per share (EPS) for the quarter. Ceres Power had a negative return on equity of 29.93% and a negative net margin of 130.56%. As a group, equities research analysts anticipate that Ceres Power Holdings plc will post -12.44 earnings per share for the current year.

Ceres Power Company Profile

Ceres is a leading developer of clean energy technology: fuel cells for power generation and electrolysers for green hydrogen. Its asset-light, licensing model has seen it establish partnerships with some of the world’s largest companies, such as Doosan, Delta, Denso, Shell, Weichai and Thermax. Ceres’ solid oxide technology supports greater electrification of our energy systems, including AI data centres, commercial and industrial applications, and produces green hydrogen at high efficiencies as a route to decarbonise emissions-intensive industries such as ammonia, steelmaking and electrofuels.