Ceres Power (LON:CWR) Trading Down 38.5% – Time to Sell?

Posted by Trevor Kearing on Feb 20th, 2025

Ceres Power Holdings plc (LON:CWR – Get Free Report) shares were down 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). Approximately 8,976,891 shares traded hands during mid-day trading, an increase of 577% from the average daily volume of 1,325,255 shares. The stock had previously closed at GBX 131 ($1.66).

Wall Street Analyst Weigh In

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

View Our Latest Stock Analysis on CWR

Ceres Power Price Performance

The stock has a 50-day moving average of GBX 157.82 and a two-hundred day moving average of GBX 185.60. The firm has a market cap of £157.02 million, a price-to-earnings ratio of -3.89 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.

Insider Transactions at Ceres Power

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