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Ceres Power shares surged 13.5%-16.2% on Monday despite quarterly loss, boosted by analyst buy ratings and a planned reverse stock split.
Ceres Power (LON:CWR) shares rose between 13.5% and 16.2% on Monday, driven by a surge in trading volume, amid continued analyst "Buy" ratings and a target price of GBX 400.
The company, developing clean energy technologies like green hydrogen and solid oxide fuel cells, operates through a licensing model with partners including Bosch and Doosan.
Despite reporting a quarterly loss of GBX 10.14 per share and negative profitability metrics, analysts project a full-year loss of about GBX 12.44.
A reverse stock split is set for November 14.
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Las acciones de Ceres Power subieron un 13,5%-16,2% el lunes a pesar de la pérdida trimestral, impulsadas por las calificaciones de compra de los analistas y una división inversa de acciones planificada.