Ceres Power Holdings plc (CPWHF)
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Ceres upgraded as the risk-reward calculation turns positive
Panmure Liberum has upgraded Ceres Power Holdings PLC (LSE:CWR, OTC:CPWHF) to a 'buy' and stuck with a punchy target price of 420p after a sharp sell-off in the shares. The broker says the 28% fall since last month has swung the risk-reward back in favour of buyers.
Ceres clipped by downgrade as fast-rising shares pause for breath
After a blistering run that has seen Ceres Power Holdings PLC (LSE:CWR, OTC:CPWHF) climb about 60% in a month, the stock slipped 8% to 342.22p on Friday as Panmure Liberum cut its rating to 'hold' from 'buy'. The broker argues that the rally has already captured a good portion of the blue-sky hopes surrounding the fuel-cell developer, even as it raised its target price to 420p from 250p.
Ceres Power jumps 11% on new manufacturing deal with China's Weichai
Ceres Power Holdings PLC (LSE:CWR, OTC:CPWHF) shares surged 11% to 347p after the clean energy technology firm signed a new manufacturing licence agreement with Chinese engine giant Weichai Power, expanding their long-standing partnership into large-scale production. Under the deal, Weichai will produce Ceres' proprietary solid oxide fuel cell (SOFC) technology at a new facility in China, focusing on power systems for data centres, industrial operations and commercial buildings.
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Ceres Power Holdings plc Profile
| Electrical Equipment Industry | Industrials Sector | Mr. Philip Joseph Caldwell CEO | OTC PINK Exchange | GB00BG5KQW09 ISIN |
| GB Country | 478 Employees | - Last Dividend | 7 Aug 2018 Last Split | - IPO Date |
Overview
Ceres Power Holdings plc stands as a pioneering force in the realm of fuel cell technology and engineering, operating across North America, Asia, and Europe. Founded in 2004 and with its headquarters nestled in Horsham, the United Kingdom, the company has embarked on a journey to revolutionize the power generation industry. Through its relentless development and commercialization efforts, Ceres Power aims to harness the full potential of fuel cell technology, propelling it towards a sustainable and efficient future. Boasting a significant collaboration and license agreement with Doosan Fuel Cell Co. Ltd, it has set the stage for the mass manufacture of its fuel cell stacks in South Korea, targeting a 50MW facility. This endeavor not only showcases Ceres Power's innovative capabilities but also its commitment to global energy sustainability and technological advancement.
Products and Services
- SteelCell - At the heart of Ceres Power's product lineup is the SteelCell, a solid oxide fuel cell (SOFC) renowned for its versatility and efficiency. Unlike traditional power generation technologies, the SteelCell is capable of generating power from a wide array of fuels including natural gas, biogas, ethanol, and hydrogen. This flexibility opens up numerous applications in various sectors such as commercial, data center, transport, and residential markets. The adoption of SteelCell technology offers a greener, more sustainable alternative to conventional power sources, aligning with the global shift towards cleaner energy solutions.
