Ceres Power Holdings plc 35.4% potential upside indicated by Berenberg Bank

Ceres Power Holdings plc with ticker (LON:CWR) now has a potential upside of 35.4% according to Berenberg Bank.



Berenberg Bank set a target price of 1,560 GBX for the company, which when compared to the Ceres Power Holdings plc share price of 1,007 GBX at opening today (07/12/2021) indicates a potential upside of 35.4%. Trading has ranged between 821 (52 week low) and 1,626 (52 week high) with an average of 468,450 shares exchanging hands daily. The market capitalisation at the time of writing is £1,945,243,252.

Ceres Power Holdings PLC is a United Kingdom-based company, which is a fuel cell technology and engineering company. The Company is engaged in the development and commercialization of its fuel cell technology. The SteelCell, operating at a temperature between 500 and 600 degree Celsius, is a perforated sheet of steel with a special ceramic layer that converts fuel directly into electrical power. Its advanced SteelCell technology uses the existing infrastructure of mains natural gas and is manufactured using commodity materials, such as steel. The Company’s SteelCell technology is focused on the automotive sector. The Company’s subsidiaries include Ceres Power Ltd, Ceres Intellectual Property Company Ltd and Ceres Power Intermediate Holdings Ltd. Ceres Power Ltd is engaged in the development and commercialization of the Company’s fuel cell technology.