Ceres Power Holdings plc

Equities

CWR

GB00BG5KQW09

Renewable Energy Equipment & Services

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132.8 ^GBX	+0.23%		-3.42%	-27.46%

Apr. 17	BofA cuts Ashmore; JPMorgan lifts Fresnillo	AN
Apr. 16	RBC raises Admiral; Barclays cuts Phoenix Group	AN

Ceres Power says approval for China JV agreements delayed until 2023

November 17, 2022 at 07:54 am EST

(Alliance News) - Ceres Power Holdings PLC on Thursday said it has been informed that approvals for its China joint venture agreements with Robert Bosch GmbH and Weichai Power have postponed until 2023.

The West Sussex-based clean energy technology developer said all parties remain committed to the deal, as its structure has already been agreed. However, "several" commercial items require more time to be finalised between the partners, it said.

Ceres said it will delay seeking a premium listing on the London Stock Exchange as a result.

Shares in Ceres were down 4.0% to 348.76 pence in London on Thursday afternoon.

By Greg Rosenvinge; gregrosenvinge@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
LONDON STOCK EXCHANGE PLC	9,068 GBX	+0.19%	-2.36%	60.74B
FTSE 100	7,886 PTS	+0.48%	-0.84%	-
CERES INC.	1,620 JPY	-2.99%	-8.68%	123M
WEICHAI POWER CO., LTD.	17.22 HKD	+1.41%	+1.89%	21.32B

Latest news about Ceres Power Holdings plc

BofA cuts Ashmore; JPMorgan lifts Fresnillo	Apr. 17	AN
RBC raises Admiral; Barclays cuts Phoenix Group	Apr. 16	AN
Ceres Power Holdings annual loss widens as research investment rises	Apr. 15	AN
Petrofac slides again after Friday plunge	Apr. 15	AN
Transcript : Ceres Power Holdings plc, 2023 Earnings Call, Apr 15, 2024	Apr. 15
Earnings Flash (CWR.L) CERES POWER HOLDINGS Posts FY23 Revenue GBP22.3M	Apr. 15	MT
Earnings Flash (CWR.L) CERES POWER HOLDINGS Posts FY23 Loss GBX-28.03	Apr. 15	MT
Ceres Power Holdings plc Reports Earnings Results for the Full Year Ended December 31, 2023	Apr. 15	CI
Ceres Power reschedules annual results after revenue shifts	Apr. 09	AN
EARNINGS AND TRADING: Smarttech247 and Beeks in deal boosts	Mar. 14	AN
Ceres rises; Capital revenue below outlook	Mar. 14	AN
Ceres Power Holdings plc Provides Earnings Guidance for the Year 2023	Mar. 14	CI
Wincanton rises on rival bid potential	Feb. 26	AN
Jefferies raises ITM Power to 'buy'	Feb. 26	AN
UBS Initiates Coverage of Ceres Power with a Buy Recommendation	Feb. 21	MT
Unilever and Aviva both raised to 'buy'	Feb. 21	AN
CAB Payments shares hit; Ceres Power up	Feb. 21	AN
ANALYST RECOMMENDATIONS : Accenture, AMD, Easyjet, Fortinet, Netflix...	Jan. 24
Ceres Power shares topple on China JV delay; revenue outlook strong	Jan. 24	AN
Ceres Power's China JV falls through	Jan. 24	AN
UBS cuts BAT to 'neutral'; Barclays cuts Senior	Jan. 24	AN
Ceres Power Affirms FY23 Revenue Guidance Range; Shares Fall	Jan. 24	MT
Tech rally keeps Wall Street in the green	Jan. 19
ANALYST RECOMMENDATIONS : AMD, Coinbase, Roblox, Take-Two, Taylor Wimpey...	Jan. 19
Wincanton surges on French takeover offer	Jan. 19	AN

Chart Ceres Power Holdings plc

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Company Profile

Ceres Power Holdings plc is a United Kingdom-based developer of clean energy technology, electrolysis for the creation of green hydrogen, and fuel cells for power generation. The Company's solid oxide platform technology supports electrification of its energy systems and produces green hydrogen as a route to decarbonize emissions-intensive industries, such as steelmaking, cement and future fuels. Its segments include power solid oxide fuel cell (SOFC) and hydrogen solid oxide electrolysis (SOEC). Its scalable technology includes solid oxide cell, which is based on a ceria ceramic electrolyte and a stainless-steel substrate and interconnect, and solid oxide stack, which is differentiated stack technology platform. Through collaboration with the Company, its partners are developing applications aimed at a number of market sectors, including data center power supply market and the commercial environment with a combined heat and power unit, and maritime and motive power.

Sector

Renewable Energy Equipment & Services

Calendar

2024-05-15 - Annual General Meeting

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Ratings for Ceres Power Holdings plc

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

1.325 GBP

Average target price

3.928 GBP

Spread / Average Target

+196.44%

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Company calendar

Sector Stationary Fuel Cells

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DOOSAN FUEL CELL CO., LTD.	-22.50%	851M
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Stationary Fuel Cells