Peel Hunt analyst Sam Wahab downgraded Ceres Power (CPWHF) to Sell from Hold with a price target of 200 GBp, up from 190 GBp. The firm believes an “overly optimistic” growth outlook is being priced into the shares.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CPWHF:
- Ceres Power Earnings Call: Cash, Partnerships, Long Runway
- Ceres Power Updates Share Capital and Admits New Shares to LSE
- Ceres Power: Buy Rating Reaffirmed as Strong Liquidity and Centrica Partnership Offset Near‑Term Earnings Weakness
- Ceres and Centrica in multi‑GW on‑site fuel cell power pact
- Ceres Power Secures First Royalties as Global Partners Scale Up Solid Oxide Technology