Ceres Power (LON:CWR) Stock Price Down 38.5% – Should You Sell?

Posted by Renee Jackson on Feb 21st, 2025

Ceres Power Holdings plc (LON:CWR – Get Free Report)’s stock price fell 38.5% during mid-day trading on Thursday . The stock traded as low as GBX 68.05 ($0.86) and last traded at GBX 80.55 ($1.02). 8,976,891 shares changed hands during trading, an increase of 577% from the average session volume of 1,325,255 shares. The stock had previously closed at GBX 131 ($1.66).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 650 ($8.24) price target on shares of Ceres Power in a report on Wednesday, January 29th.

View Our Latest Analysis on CWR

Ceres Power Price Performance

The company has a fifty day moving average price of GBX 157.82 and a two-hundred day moving average price of GBX 185.60. The firm has a market capitalization of £157.02 million, a price-to-earnings ratio of -3.89 and a beta of 1.60. The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54.

Insiders Place Their Bets

In other Ceres Power news, insider Dame Julia King acquired 30,200 shares of the business’s stock in a transaction on Thursday, November 28th. The stock was purchased at an average price of GBX 165 ($2.09) per share, for a total transaction of £49,830 ($63,139.89). Also, insider Stuart Paynter acquired 7,151 shares of Ceres Power stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average price of GBX 139 ($1.76) per share, with a total value of £9,939.89 ($12,594.89). 40.29% of the stock is currently owned by insiders.

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.