Ceres Power (LON:CWR) Stock Rating Reaffirmed as “Buy” by Berenberg Bank

Ceres Power (LON:CWR)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a report issued on Wednesday, Digital Look reports. They presently have a GBX 950 price objective on the stock. Berenberg Bank’s price target points to a potential upside of 144.47% from the company’s previous close.

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 920 price target on shares of Ceres Power in a research note on Wednesday, June 10th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Ceres Power presently has an average rating of “Buy” and an average price target of GBX 935.

Ceres Power Trading Down 10.5%

Shares of LON CWR traded down GBX 45.60 during trading hours on Wednesday, hitting GBX 388.60. 134,396,906 shares of the company traded hands, compared to its average volume of 9,576,856. The stock has a market capitalization of £830.93 million, a price-to-earnings ratio of -15.85 and a beta of 3.00. 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’s 50 day moving average price is GBX 398.74 and its 200 day moving average price is GBX 475.83. Ceres Power has a 12 month low of GBX 119 and a 12 month high of GBX 872.50.

Ceres Power (LON:CWR) last issued its quarterly earnings results on Wednesday, September 23rd. The company reported GBX (8.58) 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 research analysts anticipate that Ceres Power will post -12.4426979 earnings per share for the current fiscal year.

Ceres Power Company Profile

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.