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Ceres Power Holdings ( (GB:CWR) ) just unveiled an announcement.
Ceres Power reported 2025 revenue of £32.6 million, down 37% year-on-year, with gross profit of £22.7 million and a robust cash and investments position of £83.3 million as disciplined cost control cut operating cash outflow almost in half. Despite a wider operating loss, the company achieved its first royalty income as partner Doosan began mass production of fuel cell stacks, validating its high-margin licensing model.
Strategically, Ceres strengthened its global footprint as Weichai signed a manufacturing licence in China, Delta acquired £170 million of land and facilities in Taiwan for large-scale hydrogen and power manufacturing, and Doosan started factory production in South Korea. Additional milestones included Denso and JERA’s government-backed electrolysis project in Japan and Shell’s successful megawatt-scale hydrogen system in India, while a business transformation plan aims to cut operating costs by 20% in 2026 and support an order book that already underpins about £45 million of 2026 revenue before new business.
The most recent analyst rating on (GB:CWR) stock is a Buy with a £570.00 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 CWR Stock
According to Spark, TipRanks’ AI Analyst, CWR is a Neutral.
The score is primarily driven by solid financial positioning (low leverage and strong equity base) and strong revenue growth, but held back by continued losses and cash burn. Technical signals are mixed, and valuation remains pressured by negative earnings and no dividend support. The latest earnings call adds support via commercialization progress and cost reduction initiatives, though order intake and revenue-recognition uncertainty remain key risks.
To see Spark’s full report on CWR stock, click here.
More about Ceres Power Holdings
Ceres Power Holdings is a UK-listed developer of clean energy technology, specialising in solid oxide fuel cells for power generation and electrolysers for green hydrogen production. Operating an asset-light, IP-licensing model, it partners with industrial giants such as Doosan, Delta, Denso, Shell, Weichai and Thermax to target AI data centres, commercial and industrial power, microgrids and hard-to-abate sectors.
Average Trading Volume: 1,897,270
Technical Sentiment Signal: Buy
Current Market Cap: £601.5M
For detailed information about CWR stock, go to TipRanks’ Stock Analysis page.

