Ceres Power (LON:CWR) Earns “Buy” Rating from Berenberg Bank

Ceres Power (LON:CWR)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a research note issued to investors on Wednesday, January 10th. They presently have a GBX 15 ($0.21) price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 2.39% from the company’s current price.

Shares of Ceres Power (CWR) traded down GBX 0.22 ($0.00) during midday trading on Wednesday, hitting GBX 14.65 ($0.21). 248,267 shares of the stock were exchanged, compared to its average volume of 918,481. The company has a market capitalization of $148.48 and a PE ratio of -1,465.00. Ceres Power has a 52 week low of GBX 8.14 ($0.11) and a 52 week high of GBX 16 ($0.22).

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About Ceres Power

Ceres Power Holdings PLC is a United Kingdom-based company, which is a fuel cell technology and engineering company. The Company is engaged in the development and commercialization of its fuel cell technology. The SteelCell, operating at a temperature between 500 and 600 degree Celsius, is a perforated sheet of steel with a special ceramic layer that converts fuel directly into electrical power.

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