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Ceres Power shares jumped 15% on strong volume despite quarterly losses, fueled by green tech partnerships and investor interest in decarbonization.
Ceres Power shares rose 15.1% on Friday, reaching GBX 190, driven by a 140% surge in trading volume.
The company, which develops green hydrogen and fuel cell technologies through an asset-light licensing model, reported a quarterly loss of GBX 10.14 per share and negative profitability metrics.
Despite ongoing losses and a market cap of £368.51 million, partnerships with firms like Bosch and Doosan, along with its focus on decarbonizing heavy industries, have drawn investor interest.
Analysts expect a loss of about GBX 12.44 for the year.
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Las acciones de Ceres Power saltaron un 15% con un volumen fuerte a pesar de las pérdidas trimestrales, impulsadas por asociaciones de tecnología verde y el interés de los inversores en la descarbonización.