Ceres Power (LON:CWR) Shares Down 38.5% – Here’s What Happened

Posted by Doug Wharley on Feb 20th, 2025

Shares of Ceres Power Holdings plc (LON:CWR – Get Free Report) were down 38.5% on Thursday . The company traded as low as GBX 68.05 ($0.86) and last traded at GBX 80.55 ($1.01). Approximately 8,976,891 shares changed hands during mid-day trading, an increase of 577% from the average daily volume of 1,325,255 shares. The stock had previously closed at GBX 131 ($1.65).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 650 ($8.18) price target on shares of Ceres Power in a report on Wednesday, January 29th.

Check Out Our Latest Analysis on CWR

Ceres Power Price Performance

The stock has a market cap of £157.02 million, a P/E ratio of -3.89 and a beta of 1.60. The company’s 50 day moving average price is GBX 159.68 and its 200-day moving average price is GBX 186.33. The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54.

Insider Activity

In related news, insider Stuart Paynter purchased 7,151 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was acquired at an average price of GBX 139 ($1.75) per share, for a total transaction of £9,939.89 ($12,507.73). Also, insider Dame Julia King bought 30,200 shares of Ceres Power stock in a transaction dated Thursday, November 28th. The stock was purchased at an average price of GBX 165 ($2.08) per share, with a total value of £49,830 ($62,702.91). Insiders own 40.29% of the company’s stock.

About Ceres Power

(Get Free Report)

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.