Ceres Power Holdings (CWR)

Down
Share Price:
438.80p
Market Cap:
£938.18m
Change Today:
-33.00p
Sector:
Energy Producers

Peel Hunt downgrades Ceres Power, shares tumble

By Michele Maatouk

Date: Thursday 09 Apr 2026

LONDON (ShareCast) - (Sharecast News) - Ceres Power tanked on Thursday after Peel Hunt downgraded the shares to 'sell' from 'hold' saying the valuation reflects an overly optimistic growth view.
The broker - which lifted its price target to 200p from 190p following forecast revisions - said the Centrica collaboration hype appears "premature".

It pointed out that the chief executive confirmed any near-term revenue from the collaboration will be "modest".

Peel Hunt noted the shares trade on 14.3x estimated 2026 revenue. "We see Ceres' current valuation as reflecting an overly optimistic view of the timing of long-term cash returns and investment plans," it said.

At 1600 BST, the shares were down 7.8% at 318.40p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

CWR Market Data

Currency UK Pounds
Price 438.80p
Change Today -33.00p
52 Week High 844.50p
52 Week Low 100.20p
Volume 3,357,336
Shares Issued 213.81m
Market Cap £938.18m

Performance Indicators

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