Ceres Power jumps after Goldman raises PT

Ceres Power Holdings

29/04/2026 09:40

** Ceres Power CWR.L jumps 18.5% to 590p, highest since September 2022

** Stock among top gainers across all London stocks

** Goldman Sachs raises PT to 670p from 530p; reiterates "buy"

** Says demand for clean energy technology developer's solid oxide fuel cell tech rising "faster than expected", especially at Chinese partner Weichai 000338.SZ

** Flags improving medium-term royalty visibility, raises its royalty revenue forecasts by 11%-56% for 2026-2030

** YTD, CWR soars ~177%

 (Reporting by Nithyashree R B in Bengaluru)

 ((NithyashreeRB@thomsonreuters.com))