Ceres Power warns on revenues, shares tank
(Sharecast News) - Ceres Power tanked on Friday after warning on full-year revenues, as it conceded it was unlikely to sign new deals in time for the revenue to be recognised in 2023.
Read moreTue, 14th Jul 2020 13:59
(Sharecast News) - Ceres Power tanked on Friday after warning on full-year revenues, as it conceded it was unlikely to sign new deals in time for the revenue to be recognised in 2023.
Read moreCeres Power Holdings PLC - clean energy technology developer - Expects 2023 revenue to be around GBP20 million to GBP21 million, down from GBP22 million in 2022. Says this is because it it is unlikely it will sign an agreement with "the most imminent of the new licensees" in time for the associated revenue to be recognised in 2023, despite an agreement "progressing well". Says it is in engaged in a number of discussions with potential licence partners, after noting in September that 2023 would be dependent on the timing of securing new licence partners. Chief Executive Officer Phil Caldwell says: "Despite good progress commercially and growing interest in our [solid oxide electrolyser cell] technology, we have not been able to conclude a new license partnership in this financial year. We remain confident of securing a new commercial partnership in the coming months and we will provide a year-end trading update in January."
Read more(Alliance News) - FTSE Russell confirmed on Wednesday that the following changes will take effect to its UK indices from the market open on Monday, December 18, after completing its quarterly review.
Read more(Sharecast News) - London stocks finished in the red on Tuesday as investors examined the latest UK borrowing data ahead of Wednesday's Autumn Statement.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:
Read more(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:
Read more(Alliance News) - Ceres Power Holdings PLC on Thursday said revenue rose in the first half but its pretax loss widened as it invested further in research & development.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:
Read more(Sharecast News) - Hydrogen fuel cell maker Ceres Power said interim losses had widened and full-year growth was subject to the timing of securing new licencees.
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(Alliance News) - FTSE Russell confirmed on Wednesday that the following changes will take effect to its UK indices from the market open on Monday, September 18, after completing its quarterly review.
Read more(Alliance News) - Marks & Spencer Group PLC is primed to make a return to London's premier FTSE 100 index, roughly three years after the founding member was booted out, with abrdn PLC once again among those making way.
Read more(Sharecast News) - Analysts at Berenberg stood by their 'buy' recommendation for shares of Ceres Power following the company's first half results.
Read more(Alliance News) - Ceres Power Holdings PLC shares were down on Tuesday, after it said it expects yearly revenue growth to be below expectations due to delayed contracts.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:
Read more