Ceres Power Holdings plc (LON:CWR) Insider Buys £9,939.89 in Stock

Ceres Power Holdings plc (LON:CWR) insider Stuart Paynter bought 7,151 shares of Ceres Power stock in a transaction on Wednesday, January 29th. The shares were purchased at an average cost of GBX 139 ($1.72) per share, for a total transaction of £9,939.89 ($12,324.72).

Ceres Power Stock Up 7.9 %

Shares of LON:CWR opened at GBX 156.10 ($1.94) on Friday. The firm’s 50-day moving average is GBX 165.79 and its two-hundred day moving average is GBX 191.97. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18. Ceres Power Holdings plc has a 1 year low of GBX 126.40 ($1.57) and a 1 year high of GBX 312 ($3.87). The firm has a market capitalization of £302.15 million, a PE ratio of -743.33 and a beta of 1.60.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 650 ($8.06) price target on shares of Ceres Power in a research note on Wednesday.

About Ceres Power

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.