Ceres Power (LON:CWR) Shares Down 38.5% - What's Next?

On Thursday, shares of Ceres Power Holdings plc (LON:CWR) experienced a significant decline, dropping by 38.5%. During the trading session, the stock reached a low of GBX 68.05 ($0.86) and ultimately closed at GBX 80.55 ($1.02). A substantial 8,976,891 shares were traded, marking an increase of 577% compared to the average volume of 1,325,255 shares. Prior to this downturn, the stock was valued at GBX 131 ($1.66).

Analyst Ratings Changes

In a separate development, Berenberg Bank reaffirmed a "buy" rating on Ceres Power's shares and set a target price of GBX 650 ($8.24) in a research report released on January 29th.

Ceres Power Trading Down 38.5%

The market capitalization of Ceres Power stands at £157.02 million, with a PE ratio of -3.89 and a beta of 1.60. The company's financial ratios include a debt-to-equity ratio of 1.54, a quick ratio of 12.18, and a current ratio of 6.48. Additionally, the 50-day moving average for the stock price is GBX 157.82, while the 200-day moving average is GBX 185.60.

Insider Buying and Selling at Ceres Power

In recent insider trading activity, Dame Julia King, a company insider, purchased 30,200 shares on November 28th at an average price of GBX 165 ($2.09), for a total expenditure of £49,830 ($63,139.89). Furthermore, insider Stuart Paynter acquired 7,151 shares at an average cost of GBX 139 ($1.76) on January 29th, totaling £9,939.89 ($12,594.89). Insiders collectively hold about 40.29% of the company's shares.

Ceres Power Company Profile

Ceres Power is well-regarded for developing clean energy technology, specifically in the fields of electrolysis for green hydrogen production and fuel cells for power generation. The company's licensing model, which is asset-light, has led to partnerships with major global firms, including Bosch, Doosan, Delta, and Weichai. Ceres Power's solid oxide technology enhances energy system electrification and fosters efficient green hydrogen production, aimed at reducing emissions from industries like steelmaking, ammonia production, and future fuels.

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