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Ceres Power Holdings ( (GB:CWR) ) has provided an update.
Ceres Power Holdings announced that Bosch will cease its involvement in the industrialization and preparation for production of decentralized power-supply systems based on solid oxide fuel cells, ending its partnership with Ceres and divesting its minority stake. Despite this development, Ceres remains confident in its strategic direction, having expanded its global manufacturing partnerships and maintaining strong financial performance. The decision by Bosch does not alter Ceres’ financial expectations for the year ending December 2025.
More about Ceres Power Holdings
Ceres Power Holdings plc is a leading developer of clean energy technology, focusing on electrolysis for green hydrogen production and fuel cells for power generation. The company utilizes 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 promotes greater electrification of energy systems and supports the decarbonization of emissions-intensive industries. The company is listed on the London Stock Exchange and has received the LSE Green Economy Mark.
YTD Price Performance: -23.39%
Average Trading Volume: 705,242
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £262.7M
See more insights into CWR stock on TipRanks’ Stock Analysis page.
