UK's Ceres Power slides after Peel Hunt cuts rating

Ceres Power Holdings

09/04/2026 08:50

** Shares of clean energy technology developer Ceres Power Holdings CWR.L fall as much as 9.3% to 312p - biggest loser on FTSE 250 Midcap Index .FTMC

** Brokerage Peel Hunt downgrades stock to "Sell" from "Hold" as co reduces 2026 revenue guidance to around 45 million pounds ($60.2 million), excluding contributions from new business activity

** Peel Hunt raises its discounted cash flow-based target price for CWR to 200p from 190p

** Seven of the eight analysts covering the stock have a "buy" or higher rating, one has "hold"; median PT is 460p - data compiled by LSEG

** YTD stock gained ~48%

($1 = 0.7470 pounds)

 (Reporting by Neeshita Beura in Bengaluru)

 ((Neeshita.Beura@thomsonreuters.com))