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.

ILLEGAL ACTIVITY NOTICE: “Ceres Power Holdings plc (CWR) Posts Earnings Results, Hits Estimates” was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another publication, it was stolen and reposted in violation of international trademark and copyright legislation. The correct version of this news story can be read at https://www.americanbankingnews.com/2017/10/04/ceres-power-holdings-plc-cwr-posts-earnings-results-hits-estimates.html.

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.

Receive News & Ratings for Ceres Power Holdings plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ceres Power Holdings plc and related companies with MarketBeat.com's FREE daily email newsletter.