Ceres Power revenues on strong upward path

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  • Ceres Power reiterates forecasts following strong revenue growth in first half
  • Hydrogen investment 101: what’s all the excitement, how will it work, which companies are involved?
  • Ceres Power impresses with technology demonstration, says broker
  • Ceres Power says its ‘right time to grow into world class player’ after completing GBP181m fundraise
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Quick facts: Ceres Power Holdings PLC

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Ceres Power Holdings Plc is a world-leading developer of next-generation solid oxide fuel cell (SOFC) and electrochemical technology. Its asset-light, licensing model has seen it establish partnerships with some of the world’s largest engineering and technology companies, such as Weichai in China, Bosch in Germany, Miura in Japan, and Doosan in South Korea, to develop systems and products that address climate change and air quality challenges for transportation, industry, data centres and everyday living. Ceres is listed on the AIM market of the London Stock Exchange (LSE) (AIM:CWR) and is classified by the LSE Green Economy Mark, which recognises listed companies that derive more than 50% of their activity from the green economy.

27 Jul 2021

() has said it is “on track” to be in line with full-year estimates following strong revenue growth in its first half.

In an update for the six months to June 30, the fuel cell and electrochemical technology specialist reported revenue and operating income of around GBP17mln, up from GBP8.9mln a year ago, with an order book and pipeline of GBP42mln and GBP44mln respectively.

Ceres also said it had raised GBP181mln through a share placing in March and had cash and short-term investments of around GBP263mln at the end of June.

As a result, the company said it is on track to be in line with revenue consensus estimates of GBP31.5mln for the full year.

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16 Jun 2021

(LON:CWR.L) has appointed Professor Dame Julia King, Baroness Brown of Cambridge, as an independent non-executive director effective from 17 June immediately following the company’s Annual General Meeting.

Baroness Brown is an engineer with many years of experience across industry and government.

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29 Mar 2021

() has the potential to be a long-term winner of the clean energy transition according to Berenberg.

The broker says that the current share price implies the solid oxide fuel cell specialist Ceres will achieve sales of GBP400mln by the end of 2035.

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19 Oct 2020

Shares prices in hydrogen-focused companies have finally begun to make serious headway this year as governments have started to set out concrete zero-carbon targets.

As we’re only in the early stages of the hydrogen journey there’s still likely to be significant opportunities for investors who want to dive deeper into this sub-sector.

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02 Jul 2021

Ceres Power PLC () unveiled its new solid-oxide electrolysis (SOEC) at a capital markets event yesterday and broker Berenberg was impressed.

The broker has a share price target is 1,560p and said it is an “opportune time to revisit what we believe is a long-term winner of the clean energy”.

The technology is the same core as it uses already, but addresses a whole new market, it added.

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18 Mar 2021

‘s () Phil Caldwell talks to Proactive London about the completion of a GBP181mln fundraising through both a placing and subscription.

Caldwell says it is the right time, to capitalise on the ‘great momentum’ as well as accelerate the development of its hydrogen electrolysis and fuel cell technology.

Caldwell says it’s the ‘right time to grow into a world class player and this capital raise really enables us to do that’. He adds, ‘we’re now in great shape for the future’.

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