Ceres Power (LON:CWR) Trading Down 34.9% – Should You Sell?

Posted by Stacy Sanders on Feb 20th, 2025

Ceres Power Holdings plc (LON:CWR – Get Free Report)’s stock price was down 34.9% during trading on Thursday . The company traded as low as GBX 68.05 ($0.86) and last traded at GBX 85.24 ($1.07). Approximately 32,845,063 shares changed hands during mid-day trading, an increase of 1,552% from the average daily volume of 1,988,260 shares. The stock had previously closed at GBX 131 ($1.65).

Wall Street Analyst Weigh In

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

Check Out Our Latest Report on CWR

Ceres Power Trading Down 36.1 %

The business’s 50 day moving average is GBX 159.68 and its 200 day moving average is GBX 186.33. The stock has a market cap of £163.07 million, a price-to-earnings ratio of -4.04 and a beta of 1.60. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18.

Insider Buying and Selling

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