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Ceres Power Holdings ( (GB:CWR) ) has shared an update.
Ceres Power Holdings and Doosan Fuel Cell have announced the commencement of mass production of fuel cell power systems using Ceres’ solid oxide technology at Doosan’s facility in South Korea. This marks a significant milestone as Doosan is the first strategic partner to begin mass production, with products targeting the AI/data center and commercial power markets. The collaboration aims to meet the increasing power demands driven by AI and contribute to the global transition to a decarbonized society. The fuel cells will initially be marketed in South Korea, with applications in stationary distributed power, data centers, renewable power grids, and marine shipping.
The most recent analyst rating on (GB:CWR) stock is a Buy with a £4.50 price target. To see the full list of analyst forecasts on Ceres Power Holdings stock, see the GB:CWR Stock Forecast page.
Spark’s Take on GB:CWR Stock
According to Spark, TipRanks’ AI Analyst, GB:CWR is a Neutral.
Ceres Power Holdings’ strong revenue growth and strategic partnerships are positive factors, but challenges in profitability and valuation concerns limit the score. Technical indicators show bullish trends, while recent corporate events and positive earnings call sentiment support a moderately favorable outlook.
To see Spark’s full report on GB:CWR stock, click here.
More about Ceres Power Holdings
Ceres Power Holdings plc is a leading developer of clean energy technology, specializing in fuel cells for power generation and electrolysers for green hydrogen production. The company operates on an asset-light, licensing model and has partnerships with major global companies. Ceres’ solid oxide technology is pivotal in enhancing energy electrification and producing green hydrogen efficiently, contributing to the decarbonization of industries like steelmaking and ammonia production. Ceres is listed on the London Stock Exchange and recognized for its significant contribution to the green economy.
Average Trading Volume: 1,037,887
Technical Sentiment Signal: Sell
Current Market Cap: £195M
See more data about CWR stock on TipRanks’ Stock Analysis page.