Ceres Power (OTCMKTS:CPWHF) Trading Up 4.5% – Time to Buy?

Ceres Power Holdings plc (OTCMKTS:CPWHF)’s share price was up 4.5% during trading on Wednesday . The stock traded as high as $4.44 and last traded at $4.44. Approximately 1,750 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 17,640 shares. The stock had previously closed at $4.25.

Analyst Upgrades and Downgrades

Separately, Panmure Gordon upgraded Ceres Power to a “buy” rating in a research report on Friday, December 12th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Ceres Power presently has a consensus rating of “Buy”.

Ceres Power Price Performance

The firm’s fifty day moving average price is $4.10 and its 200 day moving average price is $3.52.

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.