Ceres Power’s (CWR) “Buy” Rating Reiterated at Berenberg Bank

Ceres Power (LON:CWR)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a note issued to investors on Tuesday, MarketBeat.com reports. They presently have a GBX 650 ($8.31) price target on the stock. Berenberg Bank’s price objective points to a potential upside of 232.31% from the company’s current price.

Ceres Power Stock Performance

Shares of CWR stock opened at GBX 195.60 ($2.50) on Tuesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 7.74 and a quick ratio of 12.18. The firm has a 50-day moving average of GBX 197.89 and a 200-day moving average of GBX 180.54. Ceres Power has a one year low of GBX 126.40 ($1.62) and a one year high of GBX 388.40 ($4.96). The company has a market cap of £377.55 million, a P/E ratio of -698.57 and a beta of 1.47.

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.