Ceres Power Holdings plc (CWR) Posts Earnings Results, Hits Estimates
Ceres Power Holdings plc (LON:CWR) posted its quarterly earnings data on Wednesday. The company reported GBX (1) (($0.01)) EPS for the quarter, hitting the Zacks’ consensus estimate of GBX (1) (($0.01)), Bloomberg Earnings reports. The company had revenue of £312 million for the quarter. Ceres Power Holdings plc had a negative return on equity of 61.93% and a negative net margin of 503.70%.
Shares of Ceres Power Holdings plc (LON CWR) opened at 13.75 on Wednesday. The company’s market capitalization is GBX 138.61 million. Ceres Power Holdings plc has a 1-year low of GBX 6.79 and a 1-year high of GBX 14.50. The stock has a 50 day moving average of GBX 13.08 and a 200-day moving average of GBX 10.79.
Separately, Berenberg Bank initiated coverage on shares of Ceres Power Holdings plc in a research report on Friday, July 14th. They set a “buy” rating and a GBX 15 ($0.20) target price for the company.
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About Ceres Power Holdings plc
Ceres Power Holdings PLC is a United Kingdom-based company, which is a fuel cell technology and engineering company. The Company is engaged in the development and commercialization of its fuel cell technology. The SteelCell, operating at a temperature between 500 and 600 degree Celsius, is a perforated sheet of steel with a special ceramic layer that converts fuel directly into electrical power.
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