Professional
Added to YB: 2026-09-23
Pitch date: 2026-06-30
CWR.L [bullish]
Ceres Power Holdings plc
-17.37%
current return
Author Info
No bio for this author
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 876.6M
Pitch Price
GBP 5.25
Price Target
N/A
Dividend
N/A
EV/EBITDA
-22.16
P/E
-16.72
EV/Sales
24.38
Sector
Electrical Equipment
Category
growth
Baron International Growth Fund Added On Portfolio Holding: Ceres Power Holdings plc
CWR.L: Ceres Power is moving from development to commercialization with an asset-light licensing model for solid oxide fuel-cell and electrolysis technology. Doosan’s initial manufacturing operations are now online, while Delta Electronics and Weichai are expected to ramp within 12 to 18 months. As partner-funded capacity ramps, high-margin royalty revenue is expected to compound rapidly against a largely fixed cost base. Ceres is expected to become significantly profitable over the next few years, and the shares are viewed as materially undervalued.
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