Ceres Power (LON:CWR) Trading Up 12.4%

Ceres Power Holdings plc (LON:CWR) traded up 12.4% on Friday . The company traded as high as GBX 231.05 ($3.09) and last traded at GBX 225 ($3.01). 1,325,645 shares changed hands during trading, an increase of 103% from the average session volume of 652,925 shares. The stock had previously closed at GBX 200.20 ($2.68).

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 650 ($8.70) price target on shares of Ceres Power in a research note on Tuesday, August 6th.

Ceres Power Price Performance

The stock has a market cap of £490.20 million, a P/E ratio of -905.00 and a beta of 1.60. The company’s 50 day moving average price is GBX 195.90 and its 200-day moving average price is GBX 182.24. The company has a quick ratio of 12.18, a current ratio of 7.74 and a debt-to-equity ratio of 1.44.

About Ceres Power

Ceres Power Holdings plc engages in the development and commercialization of fuel cell and electrochemical technology in Europe, Asia, North America, and internationally. The company's technology includes Ceres Power, a solid oxide fuel cell technology used for distributed power generation, commercial power, and marine and motive power sectors; and Ceres Hydrogen, a solid oxide electrolyser cell SOEC technology to produce green hydrogen.