Ceres Power (LON:CWR) Shares Down 38.5% – Here’s Why

Posted by Tech Dows on Feb 20th, 2025

Ceres Power Holdings plc (LON:CWR – Get Free Report)’s share price traded down 38.5% during trading on Thursday . The company traded as low as GBX 68.05 ($0.86) and last traded at GBX 80.55 ($1.01). 8,976,891 shares were traded during trading, an increase of 577% from the average session volume of 1,325,255 shares. The stock had previously closed at GBX 131 ($1.65).

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Analysis on Ceres Power

Ceres Power Price Performance

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 50 day moving average of GBX 159.68 and a 200 day moving average of GBX 186.33. The firm has a market cap of £157.02 million, a price-to-earnings ratio of -3.89 and a beta of 1.60.

Insider Transactions at Ceres Power

In related news, insider Stuart Paynter acquired 7,151 shares of the business’s stock in a transaction dated Wednesday, January 29th. The stock was bought at an average price 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 stock in a transaction that occurred on Thursday, November 28th. The shares were purchased at an average price of GBX 165 ($2.08) per share, for a total transaction of £49,830 ($62,702.91). Company insiders own 40.29% of the company’s stock.

Ceres Power Company Profile

(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.