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

Ceres Power Holdings plc (LON:CWR) insider Stuart Paynter acquired 7,151 shares of the company’s stock in a transaction dated Wednesday, January 29th. The shares were 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 Stock Performance

Shares of CWR stock opened at GBX 144.70 ($1.80) on Friday. Ceres Power Holdings plc has a 12 month low of GBX 126.40 ($1.57) and a 12 month high of GBX 312 ($3.87). The firm has a market capitalization of £280.08 million, a PE ratio of -689.05 and a beta of 1.60. The firm has a fifty day simple moving average of GBX 165.91 and a two-hundred day simple moving average of GBX 192.32. The company has a current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54.

Analyst Ratings Changes

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

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.