The latest announcement is out from Ceres Power Holdings ( (GB:CWR) ).
Ceres Power Holdings plc announced that it will release its financial results for the year ending December 31, 2024, on March 21, 2025, and provided a revised trading update. The company initially projected full-year revenues between £50-60 million, later refining this to £55-60 million with a gross margin of 78-80%. However, due to uncertainty over the recognition of a £5 million contracted milestone payment, Ceres reverted to its original revenue guidance of £50-60 million, confirming a gross margin over 75%. This adjustment does not affect the total revenue or cash position, and the company is working to clarify the correct accounting treatment under IFRS 15.
More about Ceres Power Holdings
Ceres Power Holdings plc is a leading developer of clean energy technology, specializing in electrolysis for green hydrogen production and fuel cells for power generation. The company operates an asset-light, licensing model and has partnerships with major global companies such as Doosan, Delta, Denso, Shell, Weichai, and Thermax. Ceres’ solid oxide technology is pivotal in electrifying energy systems and producing green hydrogen efficiently, aiding in the decarbonization of industries like steelmaking and ammonia production. Ceres is listed on the London Stock Exchange and is recognized by the LSE Green Economy Mark for its significant contribution to the green economy.
YTD Price Performance: -64.27%
Average Trading Volume: 1,096,355
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £118.4M
See more data about CWR stock on TipRanks’ Stock Analysis page.