Professional
Added to YB: 2025-12-13
Pitch date: 2025-12-11
CWR.L [bearish]
Ceres Power Holdings plc
+6.07%
current return
Author Info
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Company Info
Ceres Power Holdings plc engages in the development and commercialization of fuel cell and electrochemical technology in Europe, Asia, and North America.
Market Cap
GBP 600.0M
Pitch Price
GBP 2.83
Price Target
N/A
Dividend
N/A
EV/EBITDA
-18.75
P/E
-16.91
EV/Sales
11.21
Sector
Electrical Equipment
Category
N/A
Ceres Power Fuels Investors’ Illusions With Misleading Promises
CWR.L short: UK SOFC/SOEC developer with flawed licensing model - 10+ yr history of failed partnerships (Bosch, Nissan, Honda). Doosan's 'mass production' yielded only 9MW related-party order (~$1.35M margin vs hundreds of millions market cap gain). Complex tech shifts all R&D/capital risk to partners who struggle with reliability, small TAM, subsidy dependence. Revenue potential drastically overstated.
Read full article (22 min)