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Pin to quick picksCeres Power Share News (CWR)

Share Price Information for Ceres Power (CWR)

London Stock Exchange
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Share Price: 181.80
Bid: 182.40
Ask: 183.20
Change: -7.40 (-3.91%)
Spread: 0.80 (0.439%)
Open: 180.20
High: 191.70
Low: 180.00
Prev. Close: 189.20
CWR Live PriceLast checked at -

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Sunday share tips: Ceres Power, Invinity Energy Systems

Sun, 25th Jun 2023 15:09

(Sharecast News) - The Sunday Times's Lucy Tobin recommended investors buy Ceres Power in anticipation of imminent revenue growth.

Ceres had seen its share price crash since 2021, most recently due to delays due to regulatory delays in China which were delaying a 'milestone' manufacturing agreement with Weichai and Bosch.

But Tobin pointed out that the deal had only been delayed, not dumped.

Worth noting, the Asian giant was still expected to become Ceres's largest market.

Its technology was also notable with the company working with Shell on solid oxide electrolyser cells that could produce hydrogen 20% more efficiently.

And the company wasn´t scaling the manufacturing process itself, instead it licensed its technology to royalty paying partners.

So revenue growth was imminent as more deals were inked.

Indeed, two factories were set to start producing and selling hydrogen products beginning from the back half of 2024.

Analysts at Panmure Gordon concurred with analyst Lacie Midgley saying: "Ceres today is in a much stronger position than two years ago [when the share price was £15].

"It has that pending China [deal], royalties will be feeding through in under a year, two factories are gearing up - the business is miles ahead."

The Financial Mail on Sunday's Midas column tipped shares of Invinity Energy Systems to readers, predicting that the energy storage engineer's fortunes were set to change.

Invinity Energy Systems was formed via a tie-up of US-based Avalon and AIM-listed vanadium battery producer RedT.

In its previous incarnation, RedT had been a consistent disappointment.

Invinity had recently teamed up with Siemens however to develop Mistral, vanadium flow batteries with upfront costs similar to lithium batteries but lifetime costs that were significantly lower.

And commercial sales were expected from 2024.

Wind power was now the largest source of energy for the UK, but too little wind meant that turbines underperformed, whilst too much wind meant they were asked to stop producing.

That was making renewable energy more expensive that it need be and slowing the energy transition.

Lithium batteries could be used to store power to solve the problem of variable wind speeds, but they were best used for short bursts of power, degraded quickly and were highly flammable.

That was not the case for vanadium flow batteries.

Furthermore, Invinity had already sold more vanadium batteries than any other supplier.

And interest in the company's products was surging with projects under way in Australia, Canada and California.

"Backing a loss-making business is never without risk but Invinity is now working hand in glove with engineering powerhouse Siemens and has attracted support from around the world," Midas said.

"At 35p, the shares should go far."

More News
21 Oct 2021 13:49

Ceres Power appoints Eric Lakin as new finance chief

(Sharecast News) - Fuel cell and electrochemical technology company Ceres Power announced the appointment of Eric Lakin as its new chief financial officer on Thursday, joining the company and the board in January.

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21 Oct 2021 13:23

IN BRIEF: Ceres Power hires new CFO from Smiths Group

IN BRIEF: Ceres Power hires new CFO from Smiths Group

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30 Sep 2021 09:58

Ceres Power to achieve 2021 revenue consensus after strong first half

Ceres Power to achieve 2021 revenue consensus after strong first half

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30 Sep 2021 08:42

Revenue and other income rockets in first half for Ceres Power

(Sharecast News) - Ceres Power reported 96% growth in revenue and other income in its first half on Thursday, to £17.4m, which it put down to strong progress in commercial partnerships.

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28 Sep 2021 10:47

Push for 'net zero' emissions could have significant impact on inflation, Capital Economics says

(Sharecast News) - The global push towards "net-zero" emissions could have significant implications for the inflation outlook depending on how quickly those changes are implemented, economists said.

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23 Sep 2021 15:59

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

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23 Sep 2021 09:52

Ceres promotes Hargrove to tech head, creates innovation officer role

Ceres promotes Hargrove to tech head, creates innovation officer role

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23 Sep 2021 09:14

Ceres Power taps Caroline Hargrove as new technology chief

(Sharecast News) - Fuel cell and electrochemical technology company Ceres Power announced the appointment of Caroline Hargrove as its chief technology officer on Thursday, effective from 25 October.

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15 Sep 2021 17:53

IN BRIEF: Two Ceres Power projects win UK government funding

IN BRIEF: Two Ceres Power projects win UK government funding

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12 Sep 2021 15:31

Sunday share tips: Ceres Power, Dunelm

(Sharecast News) - The Sunday Times's Sabah Meddings told readers to 'hold' shares of IP Group due to their valuation, even as she touted the many "gems" to be found in its portfolio.

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1 Sep 2021 12:08

IN BRIEF: Ceres Power fuel cell with Doosan ready for soft launch

IN BRIEF: Ceres Power fuel cell with Doosan ready for soft launch

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27 Jul 2021 14:23

Ceres Power on track for first-half forecasts

(Sharecast News) - Fuel cell and electrochemical technology company Ceres Power updated the market on its first half on Tuesday, reporting that revenue and other operating income for the six months ended 30 June would be around £17m, up from £8.9m in the prior period, with a "consistently high" gross margin.

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27 Jul 2021 12:03

IN BRIEF: Ceres on track to hit guidance as first half revenue surges

IN BRIEF: Ceres on track to hit guidance as first half revenue surges

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21 Jul 2021 10:29

Polar Capital Technology Trust annual results boosted by Covid stocks

Polar Capital Technology Trust annual results boosted by Covid stocks

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21 Jun 2021 13:33

Citi stays at 'buy' on hydrogen shares, sees significant upside

(Sharecast News) - Citi stayed at a 'buy' on European names in the hydrogen space, telling clients that their shares had found a "base" following recent price drops.

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