Ceres Power price target slashed after results, but still a 'buy', says broker
Portfolio Pulse from
Ceres Power Holdings experienced a 10% stock drop after its final results, primarily due to Bosch's partnership exit. However, the company demonstrated resilience with doubled revenues, narrowed losses, and three new licensing deals. Panmure Liberum maintained a 'buy' rating, cutting the price target from 700p to 150p while highlighting the company's strong financial position and fuel cell technology potential.
March 21, 2025 | 3:00 pm
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Despite Bosch partnership termination, Ceres Power secured new licensing deals and maintained strong financial metrics, suggesting potential for future growth in solid oxide fuel cell technology.
The news indicates positive fundamentals for CPWHF: new licensing deals, improved financial performance, and strategic diversification reduce risk and suggest potential stock appreciation.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100