In a report released today, Constantin Hesse from Jefferies reiterated a Buy rating on Ceres Power Holdings, with a price target of p480.00.
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Constantin Hesse has given his Buy rating due to a combination of factors that enhance Ceres Power Holdings’ commercial outlook. The company’s capital markets day drew strong investor interest and showcased the new Endura single‑stack platform, which can serve both power generation and hydrogen applications, broadening its addressable market and improving its value proposition despite still‑nascent demand.
Moreover, management highlighted a roughly fivefold increase in the commercial pipeline, indicating building momentum for future deals. In addition, Bloom Energy’s multi‑gigawatt agreement with Oracle provides third‑party validation of solid oxide fuel cell technology at scale, indirectly supporting confidence in Ceres’ business model and justifying the maintained Buy recommendation.
According to TipRanks, Hesse is ranked #2179 out of 12125 analysts.