UK's Ceres Power slumps after Grizzly Research discloses short position

Ceres Power Holdings

11/12/2025 08:54

** Shares of Ceres Power CWR.L plunge as much as 15.4% to 261p

** Stock at the bottom of FTSE mid-cap .FTMC index, which is down 0.1%

** Short-seller Grizzly Research says it is short on the UK-based clean energy technology developer

** "We believe the company is hiding a flawed business model with abysmally small revenue potential behind a façade of big-name announcements and lofty projections," the short-seller says in its report

** Ceres Power did not immediately respond to a Reuters request for comment

** Including session's move, stock up ~71% YTD

 (Reporting by Prerna Bedi in Bengaluru)

 ((Prerna.Bedi@thomsonreuters.com ; +91 98052 24616))