Ceres Power CFO Increases Stake in Company

Ceres Power Holdings ( (GB:CWR) ) has issued an update.

Ceres Power announced that Stuart Paynter, the Chief Financial Officer, acquired 7,151 ordinary shares in the company at a price of £1.389713 per share, bringing his total holdings to 14,516 shares. This transaction was conducted in compliance with the UK Market Abuse Regulation, highlighting a significant insider investment in the company’s growth and future prospects, which may have positive implications for investor confidence and market perception.

More about Ceres Power Holdings

Ceres Power is a leading developer of clean energy technology, focusing on electrolysis for green hydrogen production and fuel cells for power generation. The company operates an asset-light, licensing model and has formed partnerships with major corporations including Bosch, Doosan, and Shell. Ceres’ solid oxide technology facilitates electrification and high-efficiency green hydrogen production, aiding in the decarbonization of emission-intensive industries like steelmaking. It is listed on the London Stock Exchange and recognized by the LSE Green Economy Mark.

YTD Price Performance: -20.18%

Average Trading Volume: 717,019

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: £270.6M

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