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

Posted by Donald Scott on Feb 20th, 2025

Shares of Ceres Power Holdings plc (LON:CWR – Get Free Report) fell 38.5% on Thursday . The company traded as low as GBX 68.05 ($0.86) and last traded at GBX 80.55 ($1.02). 8,976,891 shares changed hands during mid-day trading, an increase of 577% from the average session volume of 1,325,255 shares. The stock had previously closed at GBX 131 ($1.66).

Wall Street Analysts Forecast Growth

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

View Our Latest Report on Ceres Power

Ceres Power Trading Down 38.5 %

The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54. The stock has a fifty day simple moving average of GBX 157.82 and a 200 day simple moving average of GBX 185.60. The firm has a market capitalization of £157.02 million, a P/E ratio of -3.89 and a beta of 1.60.

Insiders Place Their Bets

In other Ceres Power news, 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 price of GBX 165 ($2.09) per share, with a total value of £49,830 ($63,139.89). Also, insider Stuart Paynter purchased 7,151 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average price of GBX 139 ($1.76) per share, with a total value of £9,939.89 ($12,594.89). 40.29% of the stock is currently owned by corporate 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.