Cheers jenbenjohn bargain turnaround time here |
Berenberg has slashed its target price for Ceres from 650p to just 340p, but that still represents huge upside from Tuesday afternoon's price of 70.95p, with the shares having nearly halved since the news.
"While this was clearly a disappointing update for Ceres and it may take time to restore market confidence, we note that in the near term this has limited impact on our financial forecasts and, importantly, over the last 12-18 months, the company has signed partnerships with other global manufacturing partners that will help scale the technology over the long term," the broker said.
Nevertheless, looking further out, Berenberg has still cut its 2025-2030 revenue forecasts by a cumulative £150m or 25%.
"Overall, while the loss of Bosch is clearly frustrating, we remain confident in the ability of Ceres’s partners to scale-up the technology and generate significant long-term, high-margin royalty revenue," the broker said, keeping a 'buy' rating on the stock. |
You could probably put forward an argument that Bosch got cold feet when the China JV didn't happen. Then Ceres signing up new OEM's might have made it easier for Bosch to walk away. |
Looks like turning around a bit stateside. Hopefully a reversal day for us tomorrow. Alot of damage in the afternoons has been u.s. sector taking us with it. |
How do you know the SOFC market is smaller than the SOEC one?
I suspect the SOEC market is even smaller and does not justify even the current valuation
SOFC could receive a massive boost if carbon capture is adopted around the glove
Cwr discusses the need to compare the energy required to produce 1 kg of H2, which, sorry, is not correct. The actual ratio to compare with PEM or other technologies to produce H2 is to compare the cost/kg of hydrogen produced. Cells are expensive; the energy costs to produce H2 may be secondary to the capital costs of fuel cells, and we are kept in the dark about the cost comparison.
I believe the best indication of cost I gave in a post generated by AI, Costs of SOFC is around 7x mature technologies, which is the main problem
Costs could come down in the future |
You didn’t have to be an insider. The writing was on the wall before the Bosch announcement. I wrote the following before the announcement. I’m not an insider.
Mr MacGregor - 19 Feb 2025 - 13:24:46 - 3398 of 3552 Ceres Power Holdings PLC Distributed Generation - CWR
The Bosch 200MW factory was supposed to get built at the same time as the Doosan 50MW factory but CWR have been rowing back on their Bosch hype for several years now. I would stop development spend on the fuel cell arm and let manufacturers carry all the risk under license if they want to. I would concentrate 100% on the electrolyser development. It’s a shame they didn’t work it that way around in the first place. |
Indeed moon, but easier said than done! Some may have known about bosch announcement in advance. Not me! |
It is, and rather like we get taxed several times on our money additionally.All you can do is try to take advantage of the dips and the spikss |
The markets stink for PIs like us. Endless manipulation IMHO. We should do alright in the long run... but the big boys (with connnections) and the Hedge Funds etc all make money on the way up and on the way down. I find it annoying!! |
This has to rectify strongly soon. When the traditional over done market fear evaporates. Shorts closing, and everyone will make more money on way back up. We may as well join in |
Sounds good, manufacturing and traction |
Smokey
As always thank you, very good link
I wonder what is their annual production capacity |
So licensed individually regardless of the deal which was involving bosch? So weichai just progressing same as all the other partners |
Good find smokey |
Looks like Weichei is going along nicely. Whats the problem? |
Or maybe just trying to look good, can't remember you saying you sold MOON ? many post after the fact but always better to ignore them. |
People overstretched have sold
Lucky I did not buy more but overpaid the mortgage
So far, I have sold none of my shares.
The market is far smaller than anticipated because technology is costly against other well-stabilised ones
It is a technology that requires lots of investment in new supply chains, all require time
Bosh leaving is a massive setback we may never recover
Be cautious to buy at any time.
Time will tell
Gla |
There's no way on earth you would attempt hourly to talk this down and say you have a vestive interest at the same time.I think there in lies the hilarity for everyone. I called the bottom for me at 70p. Good luck if you're really that negative and do hold (you dont) then sell you fool |
Following the Bosch announcement, the market is left questioning whether that was a unique case or if other partners are also considering exiting. If Ceres can prove that their technology is actively delivering and attracting new customers, then the drop to 70p will seem massively exaggerated. The share price will quickly rebound to the 100p-110p range and start rebuilding from there. 340p does seem a bit punchy but back over £1 would be a good starting point. |
I wasn't in, I'm in for a few now. |
The people that sold must be laughing there heads off Moon' we are the Lemmings that stayed in , only some good news from ceres will stop this fall , past the point of selling for me now just down to all or nothing , Caldwell taking this from £13 to 70p lol don't fancy my chances . |
Away from the froth and over reactions and based on the growth anticipated. Some big partners, and bosch seemed to be written on the wall. Nice price. I'll have some of that |
Berenberg cuts Ceres Power price target to 340 (650) pence - 'buy'
Laughable really! At least they have a buy stance |
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