Ceres Power (OTCMKTS:CPWHF – Get Free Report) is expected to issue its results before the market opens on Wednesday, September 23rd. Analysts expect the company to post earnings of ($0.0644) per share and revenue of $34.75 million for the quarter.
Ceres Power Stock Performance
Shares of OTCMKTS:CPWHF opened at $5.32 on Monday. Ceres Power has a 52 week low of $1.70 and a 52 week high of $11.70. The company has a 50-day moving average price of $5.35 and a 200 day moving average price of $6.34.
Analyst Ratings Changes
Separately, Panmure Gordon downgraded shares of Ceres Power from a “buy” rating to a “sell” rating in a report on Thursday, June 4th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Ceres Power currently has an average rating of “Hold”.
Ceres Power Company Profile
Ceres Power plc (OTCMKTS: CPWHF) is a UK-based clean energy technology company focused on the development and licensing of solid oxide fuel cell (SOFC) technology. The company’s core business activity centers on its proprietary SteelCell® platform, a nickel-ceramic fuel cell design that can operate on a variety of fuels including natural gas, hydrogen and biogas. Ceres Power pursues a technology licensing model, partnering with manufacturing and energy firms to integrate its fuel cells into distributed power generation systems, residential combined heat and power (CHP) units and commercial backup power solutions.
Since its founding as an Imperial College London spin-out in 2001, Ceres Power has built a global network of strategic partnerships to scale its technology.
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