Risk factor
Very high price volatility
Profitability factor
Greatly overvalued vs peers
About
Ceres Power Holdings plc is an engineering company specializing in fuel cell technology, involved in the creation and global distribution of its innovations throughout North America, Asia, and Europe. Its flagship offering, SteelCell, is a solid oxide fuel cell designed to generate electricity from a range of conventional and sustainable energy sources, including natural gas, biogas, ethanol, and hydrogen. This technology is utilized across various sectors, such as commercial enterprises, data centers, transport, and residential dwellings. Ceres Power has also forged a significant collaboration and licensing agreement with Doosan Fuel Cell Co. Ltd to establish a 50MW facility in South Korea for the licensed mass production of Ceres' advanced fuel cell stacks. The company, founded in 2004, maintains its headquarters in Horsham, United Kingdom.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. In particular, the stock is 'expensive' on EV/EBITDA.
Target Price
The average target price of CWR.L is 786 and suggests 105% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to incre