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

Ceres Power (LON:CWR)‘s stock had its “buy” rating reissued by Berenberg Bank in a note issued to investors on Thursday, Marketbeat reports. They currently have a GBX 530 target price on the stock. Berenberg Bank’s price target suggests a potential upside of 74.69% from the company’s current price.

Ceres Power Stock Performance

Shares of Ceres Power stock opened at GBX 303.40 on Thursday. The stock’s fifty day simple moving average is GBX 309.51 and its 200 day simple moving average is GBX 271.29. The company has a current ratio of 3.27, a quick ratio of 12.18 and a debt-to-equity ratio of 2.24. The company has a market capitalization of £590.76 million, a PE ratio of -16.62 and a beta of 1.81. Ceres Power has a 12 month low of GBX 44 and a 12 month high of GBX 430.80.

Ceres Power (LON:CWR) last posted its earnings results on Thursday, March 26th. The company reported GBX (24.52) earnings per share (EPS) for the quarter. Ceres Power had a negative net margin of 145.65% and a negative return on equity of 39.26%. On average, research analysts predict that Ceres Power will post -12.4426979 EPS for the current year.

Ceres Power Company Profile

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.