Ceres Power Holdings plc

Ceres Power Holdings plc

CPWHF
Ceres Power Holdings plcUS flagOther OTC
10.64
USD
+0.11
- -
2.08BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
Revenue per Share
0.02
- -
0.01
0.03
0.06
0.11
0.12
- -
0.17
0.1
0.12
0.27
0.17
Basic EPS, GAAP
-0.14
-0.13
-0.14
-0.1
-0.1
-0.03
-0.05
- -
-0.11
-0.25
-0.28
-0.15
-0.25
Free Cash Flow per Basic Share
-0.14
-0.12
-0.15
-0.1
-0.11
-0.09
-0.09
- -
-0.15
-0.33
-0.22
-0.21
-0.11
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-1.41
-1.09
-1.19
-1.04
-1.05
-0.75
- -
- -
-0.73
-0.95
-1.23
-1.36
-1.6
Tangible Book Value per Share
0.15
0.25
0.12
0.22
0.11
0.59
- -
- -
1.46
1.15
0.84
0.69
0.47
Basic Weighted Avg Shares
54
75
77
94
101
141
158
- -
186
191
193
193
194
Sales/Revenue/Turnover
1
- -
1
3
6
15
19
- -
31
20
22
52
33
Operating Margin (%)
-701.63
-3,617.9
-1,165.32
-374.51
-188.69
-51.79
-53.35
- -
-76.13
-272.96
-266.09
-60.35
-135.41
Depreciation Expense
1
1
1
1
1
1
3
- -
6
7
9
10
12
Net Income, GAAP
-7
-10
-10
-9
-10
-5
-7
- -
-21
-48
-54
-28
-48
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-604
-3,099.07
-939.8
-301.64
-156.8
-31.59
-38.46
- -
-68.53
-240.63
-241.93
-54.55
-145.65
Working Capital
9
19
8
19
10
74
- -
93
249
194
136
111
75
LT Debt
- -
- -
- -
- -
- -
- -
- -
4
2
3
2
1
2
Total Equity
8
19
9
20
12
84
- -
120
280
234
181
154
108
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
9.7%
-30.02%
Free Cash Flow
- -
29.94%
-45.91%
Net Income, GAAP
- -
69.95%
67.98%
Sales/Revenue/Turnover
- -
27.07%
-37.09%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
22
2024
- -
- -
- -
- -
52
2025
- -
- -
- -
- -
33

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
-0.28
2024
- -
- -
- -
- -
-0.15
2025
- -
- -
- -
- -
-0.25

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Philip Joseph Caldwell
Full Time Employees
478
Sector
Industrials
Industry
Electrical Equipment & Parts
Address
Viking House Horsham United Kingdom RH13 5PX
IPO Date
Apr 5, 2010
Website
ceres.tech
Business
Ceres Power Holdings plc develops and commercializes clean energy technologies, including solid oxide fuel cells for power generation and solid oxide electrolyser cells for green hydrogen production; its SteelCell platform features a ceria ceramic electrolyte on stainless-steel substrates, enabling scalable stacks, power modules, systems, stack array modules, and electrolyser modules for applications in data centers, commercial and industrial power, marine propulsion, ammonia production, refineries, green steel, and eFuels. Founded in 2001 and headquartered in Horsham, West Sussex, United Kingdom, the company pursues an asset-light licensing model with global manufacturing partners such as Doosan, Delta Electronics, Denso, Thermax, Shell, and Weichai Power, deriving revenue from engineering services, technology hardware, licence fees, milestones, and royalties primarily across Asia, Europe, and North America. Recent developments include Doosan's July 2025 commencement of mass production of SOFC stacks and systems at its 50MW South Korean facility targeting AI data centers, grid stabilization, buildings, and marine power; Delta's 2025 commitment of approximately £170 million for a Taiwanese manufacturing site focused on Ceres-based hydrogen solutions for data centers and microgrids; Shell's May 2025 activation of a megawatt-scale SOEC demonstrator in Bangalore achieving 37kWh/kg efficiency; Denso's completion of SOEC technology transfer milestones; Thermax's inauguration of its HydroGenx Hub in India; a November 2025 manufacturing licence with Weichai for stationary power systems; and a multi-million-pound agreement with HORIBA MIRA for advanced fuel cell and electrolysis testing facilities to support global partner scaling, alongside a business transformation programme launched in 2025 to realign operations for commercial growth, reduce costs by 20% by 2026, and launch a dual-purpose stack platform in 2026.

Company News

APIChat
  • UBS nearly doubles Ceres Power target to 970p as data centre demand drives royalty surge

  • Ceres Power up as chatter grows around Doosan deal

  • Jefferies lifts targets on ITM Power and Ceres Power as rally tests 2021 valuations

  • Endeavour Mining signals shareholder returns could double as gold price surge drives record cash flow - UPDATE

  • Iofina targets 5% of world iodine output as record results underpin expansion push - UPDATE

  • Ceres Power shares more than double in a month as Delta-Centrica data centre deal adds to momentum

  • Ceres Power shares more than double in a month as Delta-Centrica data centre deal adds to momentum

  • Coinsilium strikes advisory deal with Predictive Labs and appoints investor relations adviser

  • Ceres surges after Goldman Sachs ups target

  • Ceres shares surge on launch of new green power solution for data centres

  • Cavendish sees Poolbeg MHRA clearance as key de-risking event with 313% upside to target

  • Iofina shares jump 12% as record Q1 output drives guidance upgrade

  • Ceres Power shares fall 8.6% as broker downgrades to 'sell' on valuation concerns

  • Ceres Power shares fall 8.6% as broker downgrades to 'sell' on valuation concerns

  • Ceres Power Holdings plc (CRPHY) Q4 2025 Earnings Call Transcript

  • Ceres Power surges on Centrica partnership and resilient cash position

  • Centrica and Ceres Power partner to accelerate fuel cell deployment amid grid delays

  • Ceres Power: A Rising Star In The Data Center Segment

  • Short Interest in Ceres Power Holdings plc (OTCMKTS:CPWHF) Grows By 37.1%

  • Ceres upgraded as the risk-reward calculation turns positive