As of July 19, Ceres Power’s shares are standing at 881 GBP. The company is losing 2.97% with 27 GBP since the previous close at 908 GBP. The firm started to gain strength at the beginning of 2020 and by February 2021 the price peaked at 1576 GBP. Currently, the company is not profitable with an EPS rate of -6.1.
Ceres Powerhas gained 59% in the last year, but the share has been moving in the other way recently. Ceres Power’s share price has dropped 30% so far in 2021. Last year, the firm earned £21.9 million in sales and other operating income. The operational loss came to £14.8 million.
Ceres Power is rapidly evolving, and its commercialization appears to be promising. While losses may be rising for the time being, if sales increase in the future and the firm is able to transform a loss into profit, it will be worth it.
Finance and Business reporter
After graduating high school. Lora decided to travel and blog as a part-timer. Today she enjoys what she loves and works remotely as our finance and business reporter