| Over a month ago | ||||
Credit Suisse analyst… Credit Suisse analyst Christopher Leonard raised the firm's price target on Ceres Power to 1,000 GBp from 950 GBp and keeps an Outperform rating on the shares. | ||||
HSBC upgraded Ceres Power… HSBC upgraded Ceres Power to Buy from Hold with a price target of 440 GBp, up from 400 GBp. An increasing focus on decarbonization of heat offers Ceres new avenues to commercialize its technology, the analyst tells investors in a research note. The firm says the company's heat tech opportunity can drive better visibility to breakeven. | ||||
Berenberg analyst Anthony… Berenberg analyst Anthony Plom lowered the firm's price target on Ceres Power to 1,155 GBp from 1,560 GBp and keeps a Buy rating on the shares. | ||||
| Over a quarter ago | ||||
Credit Suisse analyst… Credit Suisse analyst Christopher Leonard lowered the firm's price target on Ceres Power to 950 GBp from 1,250 GBp and keeps an Outperform rating on the shares. | ||||
Peel Hunt initiated… Peel Hunt initiated coverage of Ceres Power with a Buy rating and 650 GBp price target. | ||||
Jefferies analyst Skye… Jefferies analyst Skye Landon resumed coverage of Ceres Power with a Hold rating and price target of 365 GBp, down from 700 GBp. The analyst sees a stronger outlook ahead for the hydrogen sector due to U.S. policy support and pricing dynamics in Europe. Following a de-rating, sector sits at cheapest entry point in more than two years, says Landon, who reduced the firm's prior revenue estimates and price targets. | ||||
RBC Capital analyst Erwan… RBC Capital analyst Erwan Kerouredan initiated coverage of Ceres Power with a Sector Perform rating and 600 GBp price target. The analyst says the company has "material upside potential" to earnings if royalties work and fuel cell model successfully replicated to electrolysers. However, he wants to see more evidence of these in practice. | ||||
Goldman Sachs analyst Zoe… Goldman Sachs analyst Zoe Clarke upgraded Ceres Power to Buy from Sell with a price target of 700 GBp, up from 660 GBp. The previous Sell rating was premised on what was viewed as a relatively expensive valuation, but the valuation has corrected notably with Ceres shares down 46% year-to-date while the energy transition theme "continues to gain momentum" as Ceres' partners are notably scaling up their ambitions in the hydrogen and clean tech space, Clarke tells investors. | ||||
