Ceres Power (CWR) Earns “Buy” Rating from Berenberg Bank

Ceres Power (LON:CWR)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a research note issued to investors on Thursday, December 6th.

LON:CWR traded down GBX 1.98 ($0.03) during trading hours on Thursday, reaching GBX 168 ($2.20). 153,008 shares of the stock were exchanged, compared to its average volume of 373,765. Ceres Power has a twelve month low of GBX 8.14 ($0.11) and a twelve month high of GBX 16 ($0.21).

Ceres Power (LON:CWR) last released its quarterly earnings results on Tuesday, October 9th. The company reported GBX (9.80) (($0.13)) earnings per share for the quarter, missing analysts’ consensus estimates of GBX (9.50) (($0.12)) by GBX (0.30) ($0.00).

In related news, insider Stephen James Callaghan acquired 150,000 shares of the company’s stock in a transaction dated Tuesday, December 11th. The shares were bought at an average price of GBX 99 ($1.29) per share, for a total transaction of £148,500 ($194,041.55).

Ceres Power Company Profile

Ceres Power Holdings plc, a fuel cell technology and engineering company, engages in the development and commercialization of fuel cell technology in the United Kingdom, Asia, and Europe. The company offers SteelCell, a fuel cell technology that converts fuel directly into electrical power. It provides its products for use in the combined heat and power for commercial and residential buildings; and power for data centers and range extension for electric vehicles.

Further Reading: Momentum Indicator: Relative Strength Index

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