Ceres Power (LON:CWR) Trading Down 40.4% – Here’s Why

Posted by Danessa Lincoln on Feb 20th, 2025

Ceres Power Holdings plc (LON:CWR – Get Free Report)’s stock price dropped 40.4% during trading on Thursday . The company traded as low as GBX 68.05 ($0.86) and last traded at GBX 78.08 ($0.98). Approximately 28,374,732 shares were traded during trading, an increase of 1,422% from the average daily volume of 1,864,084 shares. The stock had previously closed at GBX 131 ($1.65).

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Analysis on CWR

Ceres Power Stock Down 34.0 %

The firm has a market cap of £168.52 million, a price-to-earnings ratio of -4.18 and a beta of 1.60. The company has a debt-to-equity ratio of 1.54, a quick ratio of 12.18 and a current ratio of 6.48. The business’s 50-day moving average is GBX 159.68 and its 200-day moving average is GBX 186.33.

Insider Buying and Selling

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