Ceres Power (LON:CWR) Stock Price Down 39% – Should You Sell?

Posted by Brenda Bartman on Feb 22nd, 2025

Ceres Power Holdings plc (LON:CWR – Get Free Report)’s stock price traded down 39% during mid-day trading on Thursday . The stock traded as low as GBX 68.05 ($0.86) and last traded at GBX 79.96 ($1.01). 34,326,074 shares changed hands during trading, an increase of 1,591% from the average session volume of 2,029,399 shares. The stock had previously closed at GBX 131 ($1.66).

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 650 ($8.21) price objective on shares of Ceres Power in a report on Wednesday, January 29th.

Check Out Our Latest Stock Report on Ceres Power

Ceres Power Trading Down 2.9 %

The company has a fifty day simple moving average of GBX 156.02 and a two-hundred day simple moving average of GBX 184.78. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18. The company has a market capitalization of £152.44 million, a P/E ratio of -3.78 and a beta of 1.60.

Insider Buying and Selling at Ceres Power

In related news, insider Dame Julia King bought 30,200 shares of the business’s stock in a transaction on Thursday, November 28th. The shares were bought at an average cost of GBX 165 ($2.08) per share, for a total transaction of £49,830 ($62,956.41). Also, insider Stuart Paynter bought 7,151 shares of the business’s stock in a transaction on Wednesday, January 29th. The shares were bought at an average price of GBX 139 ($1.76) per share, for a total transaction of £9,939.89 ($12,558.29). Corporate insiders own 40.29% of the company’s stock.

About Ceres Power

(Get Free Report)

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.