Ceres Power (LON:CWR) Shares Down 38.5% – Should You Sell?

Posted by Tristan Rich on Feb 20th, 2025

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

Analyst Ratings Changes

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

Check Out Our Latest Report on Ceres Power

Ceres Power Price Performance

The stock’s 50-day moving average is GBX 159.68 and its 200-day moving average is GBX 186.33. The firm has a market cap of £157.02 million, a P/E ratio of -3.89 and a beta of 1.60. The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54.

Insider Buying and Selling

In related news, insider Stuart Paynter acquired 7,151 shares of the stock in a transaction dated Wednesday, January 29th. The shares were bought at an average cost of GBX 139 ($1.75) per share, for a total transaction of £9,939.89 ($12,507.73). Also, insider Dame Julia King bought 30,200 shares of the business’s stock in a transaction that occurred on Thursday, November 28th. The shares were bought 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 currently owned by insiders.

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.