Ceres Power (LON:CWR) Shares Down 9.2% – What’s Next?

Ceres Power Holdings plc (LON:CWR)’s share price fell 9.2% during trading on Friday . The stock traded as low as GBX 61.55 ($0.80) and last traded at GBX 64.95 ($0.84). 1,987,114 shares changed hands during trading, an increase of 1% from the average session volume of 1,965,522 shares. The stock had previously closed at GBX 71.55 ($0.93).

Analyst Ratings Changes

Separately, Berenberg Bank cut their target price on Ceres Power from GBX 650 ($8.43) to GBX 340 ($4.41) and set a “buy” rating on the stock in a report on Tuesday, February 25th.

Ceres Power Trading Down 6.4 %

The stock has a market capitalization of £130.51 million, a price-to-earnings ratio of -3.24 and a beta of 1.60. The company has a current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54. The company has a fifty day moving average of GBX 115.64 and a two-hundred day moving average of GBX 168.30.

Insider Activity

In other Ceres Power news, insider Stuart Paynter acquired 7,151 shares of the company’s stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average cost of GBX 139 ($1.80) per share, for a total transaction of £9,939.89 ($12,888.86). Insiders own 40.29% of the company’s stock.

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.