Ceres Power (LON:CWR) Releases Earnings Results

Ceres Power (LON:CWR) posted its quarterly earnings data on Thursday. The company reported GBX (24.52) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Ceres Power had a negative net margin of 79.44% and a negative return on equity of 24.51%.

Here are the key takeaways from Ceres Power’s conference call:

• Manufacturing partnerships progressed — new MLA with Weichai (China), Delta prototyping in Taiwan and Doosan’s factory in Korea reached first production and generated Ceres’ first royalties, accelerating commercial scale-up.
• Centrica partnership announced to target a multi-gigawatt UK opportunity (initial focus on data centers), with Ceres advising on deployment to help stimulate demand for licensees’ products.
• Strong financial position and cost action — year-end cash was over GBP 83m and management expects about a 20% cost reduction in 2026 from a business transformation, improving runway and discipline.
• Management outlook: achieving an average of one new MLA per year is presented as the path to cash-flow neutrality, but royalties are still modest today and profitability depends on execution and licensing cadence.
• Hydrogen market dynamics remain mixed; Ceres notes short-term headwinds but is advancing pressurized SOEC modules with Shell, Thermax and Denso to target megawatt-scale green hydrogen as a longer-term opportunity.

Ceres Power Trading Down 15.2%

Shares of CWR opened at GBX 289.20 on Friday. The company has a debt-to-equity ratio of 2.08, a current ratio of 5.37 and a quick ratio of 12.18. The firm has a market cap of £563.11 million, a P/E ratio of -15.85 and a beta of 1.81. The company has a 50 day simple moving average of GBX 309.69 and a two-hundred day simple moving average of GBX 269.90. Ceres Power has a 1 year low of GBX 44 and a 1 year high of GBX 430.80.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 530 price target on shares of Ceres Power in a research report on Thursday. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 495.

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.