Ceres Power Holdings plc 51.6% potential upside indicated by Berenberg Bank

Ceres Power Holdings plc with ticker (LON:CWR) now has a potential upside of 51.6% 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 755 GBX at opening today (23/03/2022) indicates a potential upside of 51.6%. Trading has ranged between 481 (52 week low) and 1,380 (52 week high) with an average of 1,544,029 shares exchanging hands daily. The market capitalisation at the time of writing is £1,425,703,012.

Ceres Power Holdings plc is a United Kingdom-based fuel cell technology and engineering company. The Company is engaged in the development and commercialization of its fuel cell technology. The Company focuses to provide clean energy to businesses, homes and vehicles. It is a developer of solid oxide electrochemical technology for applications in fuel cells and hydrogen. Its SteelCell technology can generate power from conventional fuels like natural gas and from sustainable fuels like biogas, ethanol or hydrogen. Its SteelCell technology is applicable to markets like combined heat and power (CHP) for commercial and residential buildings. It also focuses to embed its technology in mass-market energy products for the commercial, residential and transportation markets. Its subsidiaries include Ceres Power Ltd, Ceres Intellectual Property Company Ltd, Ceres Power Intermediate Holdings Ltd and Ceres Power Licence Company Ltd.