Ceres Power (OTCMKTS:CPWHF) Trading Down 8.6% – What’s Next?

by · The Markets Daily

Ceres Power Holdings plc (OTCMKTS:CPWHF – Get Free Report)’s stock price was down 8.6% on Thursday . The stock traded as low as $5.35 and last traded at $5.35. Approximately 150,126 shares were traded during trading, an increase of 773% from the average session volume of 17,189 shares. The stock had previously closed at $5.8550.

Analysts Set New Price Targets

Separately, Panmure Gordon cut shares of Ceres Power from a “buy” rating to a “sell” rating in a research note on Thursday, June 4th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Ceres Power currently has a consensus rating of “Hold”.

View Our Latest Report on CPWHF

Ceres Power Stock Performance

The business has a 50-day moving average price of $5.50 and a 200 day moving average price of $6.29.

Ceres Power Company Profile

(Get Free Report)

Ceres Power plc (OTCMKTS: CPWHF) is a UK-based clean energy technology company focused on the development and licensing of solid oxide fuel cell (SOFC) technology. The company’s core business activity centers on its proprietary SteelCell® platform, a nickel-ceramic fuel cell design that can operate on a variety of fuels including natural gas, hydrogen and biogas. Ceres Power pursues a technology licensing model, partnering with manufacturing and energy firms to integrate its fuel cells into distributed power generation systems, residential combined heat and power (CHP) units and commercial backup power solutions.

Since its founding as an Imperial College London spin-out in 2001, Ceres Power has built a global network of strategic partnerships to scale its technology.

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