Ceres Power plunges as Bosch ends partnership amid strategic shift
Portfolio Pulse from
Ceres Power Holdings PLC's shares dropped 42% after Bosch ended their partnership, selling its 17.44% stake and withdrawing its board representative.
February 20, 2025 | 9:15 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Ceres Power's shares fell 42% after Bosch ended their partnership, selling its 17.44% stake and withdrawing its board representative.
The termination of the partnership with Bosch, a major stakeholder, and the sale of its 17.44% stake is a significant negative development for Ceres Power, leading to a sharp decline in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100