Ceres Power Holdings plc (LON:CWR) Insider Stuart Paynter Acquires 7,151 Shares of Stock

Ceres Power Holdings plc (LON:CWR) insider Stuart Paynter purchased 7,151 shares of Ceres Power stock in a transaction on Wednesday, January 29th. The stock was bought at an average price of GBX 139 ($1.73) per share, for a total transaction of £9,939.89 ($12,344.62).

Ceres Power Trading Up 6.0 %

LON:CWR opened at GBX 144.70 ($1.80) on Friday. Ceres Power Holdings plc has a 52 week low of GBX 126.40 ($1.57) and a 52 week high of GBX 312 ($3.87). The firm’s fifty day moving average is GBX 165.91 and its 200-day moving average is GBX 192.32. The firm has a market cap of £280.08 million, a P/E ratio of -689.05 and a beta of 1.60. The company has a debt-to-equity ratio of 1.54, a quick ratio of 12.18 and a current ratio of 6.48.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 650 ($8.07) price objective on shares of Ceres Power in a research note on Wednesday.

About Ceres Power

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.