TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Ceres Power Holdings ( (GB:CWR) ) has shared an update.
Ceres Power Holdings has signed a manufacturing licence agreement with Weichai Power for the production of its solid oxide fuel cell technology, expanding its global manufacturing partner portfolio. This agreement will allow Weichai to manufacture cells and stacks for stationary power systems, targeting AI data centres and industrial applications, and is expected to generate significant revenue through licence fees and royalties. The partnership with Weichai, a major player in conventional gas engines, is seen as both an endorsement of Ceres’ technology and a substantial business opportunity, positioning Ceres to further establish its technology as an industry standard.
The most recent analyst rating on (GB:CWR) stock is a Hold with a £324.00 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’ overall score is driven by strong technical indicators and strategic progress highlighted in the earnings call. However, financial performance challenges, particularly in profitability and valuation, weigh down the score. The company’s transition from R&D to commercialization and cost-saving initiatives are positive, but ongoing losses and revenue recognition issues present risks.
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 an asset-light, licensing model and has established partnerships with major global companies like Doosan, Delta, Denso, Shell, Weichai, and Thermax. Ceres’ solid oxide technology facilitates the electrification of energy systems and supports decarbonization in industries such as ammonia, steelmaking, and electrofuels. Ceres is listed on the London Stock Exchange and recognized for its significant contribution to the green economy.
Average Trading Volume: 2,354,013
Technical Sentiment Signal: Buy
Current Market Cap: £579.4M
See more data about CWR stock on TipRanks’ Stock Analysis page.