Ceres Power (LON:CWR) Earns Buy Rating from Jefferies Financial Group

Ceres Power (LON:CWR)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday,Digital Look reports. They currently have a GBX 920 target price on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 59.67% from the stock’s previous close.

Separately, Berenberg Bank lifted their price objective on Ceres Power from GBX 530 to GBX 980 and gave the stock a “buy” rating in a report on Friday, May 29th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 950.

Ceres Power Stock Down 5.5%

CWR opened at GBX 576.17 on Wednesday. The company has a debt-to-equity ratio of 2.24, a current ratio of 3.27 and a quick ratio of 12.18. The business has a 50 day simple moving average of GBX 575.96 and a 200-day simple moving average of GBX 393.75. The stock has a market capitalization of £1.13 billion, a P/E ratio of -23.50 and a beta of 3.24. Ceres Power has a 12 month low of GBX 77 and a 12 month high of GBX 872.50.

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

Insider Transactions at Ceres Power

In related news, insider Philip Caldwell sold 456,940 shares of Ceres Power stock in a transaction on Thursday, April 30th. The stock was sold at an average price of GBX 622, for a total transaction of £2,842,166.80. Corporate insiders own 7.94% of the company’s stock.

About Ceres Power

Ceres is a leading developer of clean energy technology: fuel cells for power generation and electrolysers for green hydrogen. Its asset-light, licensing model has seen it establish partnerships with some of the world’s largest companies, such as Doosan, Delta, Denso, Shell, Weichai and Thermax. Ceres’ solid oxide technology supports greater electrification of our energy systems, including AI data centres, commercial and industrial applications, and produces green hydrogen at high efficiencies as a route to decarbonise emissions-intensive industries such as ammonia, steelmaking and electrofuels.