Ceres Power Achieves Milestone in Hydrogen Production with Megawatt-Scale Demonstrator

An update from Ceres Power Holdings ( (GB:CWR) ) is now available.

Ceres Power Holdings has announced the successful production of hydrogen at its first megawatt-scale solid oxide electrolyser cell (SOEC) demonstrator system, located at Shell’s Technology Centre in Bangalore, India. This development marks a significant milestone in the collaboration between Ceres and Shell, showcasing the maturity of Ceres’ electrolyser technology and its potential to produce hydrogen efficiently. The system is expected to contribute to India’s ambitious green hydrogen goals by providing a scalable and cost-effective solution for industrial processes. This achievement underscores Ceres’ capability to meet industrial needs and advance the clean energy ecosystem, aligning with India’s target of developing substantial green hydrogen production capacity by 2030.

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 shows impressive revenue growth and a strong strategic direction, but profitability challenges and negative cash flow weigh heavily on its financial score. Technical analysis indicates a bearish trend, compounded by a negative P/E ratio and lack of dividends. Despite positive corporate events and earnings call sentiment, these factors do not outweigh the financial and technical weaknesses, resulting in a moderate overall score.

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 like Doosan, Delta, Denso, Shell, Weichai, and Thermax. Ceres’ solid oxide technology is designed to enhance electrification and produce green hydrogen efficiently, aiming to decarbonize industries such as steelmaking and ammonia production. It is listed on the London Stock Exchange and is recognized for its significant contribution to the green economy.

Average Trading Volume: 1,290,246

Technical Sentiment Signal: Sell

Current Market Cap: £140.2M

For an in-depth examination of CWR stock, go to TipRanks’ Stock Analysis page.