Ceres Power Holdings (CWR)

Sector:

Energy Producers

Index:

FTSE Small Cap

142.40p
   
  • Change Today:
    -1.20p
  • 52 Week High: 430.00
  • 52 Week Low: 134.20
  • Currency: UK Pounds
  • Shares Issued: 193.02m
  • Volume: 330,248
  • Market Cap: £274.85m
  • RiskGrade: 342

Ceres Power on track for first-half forecasts

By Josh White

Date: Tuesday 27 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Fuel cell and electrochemical technology company Ceres Power updated the market on its first half on Tuesday, reporting that revenue and other operating income for the six months ended 30 June would be around £17m, up from £8.9m in the prior period, with a "consistently high" gross margin.
The AIM-traded firm said its order book and pipeline were £42m and £44m respectively, compared to £54m and £44m as at 31 December, as contracts were recognised as revenue.

It said it was on track to be in line with revenue consensus estimates of £31.5m for the 12 months ending 30 December, subject to no significant constraints on its operation as a result of the Covid-19 pandemic.

Ceres noted that it successfully raised £181m in March, through the placing of 17,067,580 new ordinary shares, with Weichai Power and Bosch both supporting the fundraising with full participation.

Cash and short-term investments totalled £263m at period end, on 30 June.

"It has been another period of significant growth for Ceres with strong and meaningful strides from our partners," said chief executive officer Phil Caldwell.

"In addition, we successfully raised £181m to pursue a broader strategy in electrolysis for green hydrogen and to double the addressable market for our solid oxide technology."

Ceres Power said it would announce its interim results for the six months ended 30 June on 30 September.

At 1403 BST, shares in Ceres Power Holdings were up 1.2% at 927p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CWR Market Data

Currency UK Pounds
Share Price 142.40p
Change Today -1.20p
% Change -0.84 %
52 Week High 430.00
52 Week Low 134.20
Volume 330,248
Shares Issued 193.02m
Market Cap £274.85m
RiskGrade 342

CWR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
19.05% above the market average19.05% above the market average19.05% above the market average19.05% above the market average19.05% above the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
87.54% below the market average87.54% below the market average87.54% below the market average87.54% below the market average87.54% below the market average
81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average
Income Not Available
Growth
33.66% below the market average33.66% below the market average33.66% below the market average33.66% below the market average33.66% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average

What The Brokers Say

Strong Buy 6
Buy 4
Neutral 2
Sell 2
Strong Sell 0
Total 14
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CWR Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 135,937 @ 142.40p
16:35 1 @ 142.40p
16:35 354 @ 142.40p
16:35 417 @ 142.40p
16:35 260 @ 142.40p

CWR Key Personnel

CEO Philip Caldwell
Chair Warren Finegold
CFO Eric Lakin

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