Ceres Power (LON:CWR) Shares Down 39% – Here’s What Happened

Posted by Mark Dietrich on Feb 20th, 2025

Ceres Power Holdings plc (LON:CWR – Get Free Report) was down 39% during trading on Thursday . The company traded as low as GBX 68.05 ($0.86) and last traded at GBX 79.96 ($1.01). Approximately 34,326,074 shares traded hands during mid-day trading, an increase of 1,591% from the average daily volume of 2,029,399 shares. The stock had previously closed at GBX 131 ($1.65).

Analyst Ratings Changes

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

Check Out Our Latest Stock Report on Ceres Power

Ceres Power Stock Down 38.5 %

The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18. The business’s 50 day simple moving average is GBX 159.68 and its 200 day simple moving average is GBX 186.33. The company has a market capitalization of £157.02 million, a PE ratio of -3.89 and a beta of 1.60.

Insiders Place Their Bets

In related news, insider Dame Julia King purchased 30,200 shares of the company’s stock in a transaction on Thursday, November 28th. The stock was acquired at an average cost of GBX 165 ($2.08) per share, for a total transaction of £49,830 ($62,702.91). Also, insider Stuart Paynter purchased 7,151 shares of the company’s stock in a transaction on Wednesday, January 29th. The shares were bought at an average price of GBX 139 ($1.75) per share, with a total value of £9,939.89 ($12,507.73). 40.29% of the stock is 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.