Ceres Power’s (CWR) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Ceres Power (LON:CWR) in a research report released on Tuesday, MarketBeat Ratings reports. The firm currently has a GBX 650 ($8.31) target price on the stock.

Ceres Power Stock Performance

Shares of Ceres Power stock opened at GBX 189.50 ($2.42) on Tuesday. Ceres Power has a one year low of GBX 126.40 ($1.62) and a one year high of GBX 388.40 ($4.96). The company has a market capitalization of £365.77 million, a PE ratio of -676.79 and a beta of 1.47. The company has a debt-to-equity ratio of 1.44, a quick ratio of 12.18 and a current ratio of 7.74. The company has a 50-day simple moving average of GBX 197.06 and a two-hundred day simple moving average of GBX 180.61.

Ceres Power Company Profile

Ceres Power Holdings plc engages in the development and commercialization of fuel cell and electrochemical technology in Europe, Asia, North America, and internationally. The company's technology includes Ceres Power, a solid oxide fuel cell technology used for distributed power generation, commercial power, and marine and motive power sectors; and Ceres Hydrogen, a solid oxide electrolyser cell SOEC technology to produce green hydrogen.