UK's Ceres Power surges as UBS raises price target

Ceres Power Holdings

29/10/2025 12:33

** Shares of Ceres Power Holdings CWR.L up 10.6% at 292 pence, marking their highest level since October 2024

** UBS raises price target on the clean energy technology developer to 350p from 120p, reiterating their buy rating

** Brokerage expects co to break even a year earlier in 2026

** "Ceres’ fuel cell tech has a stronger adoption outlook after significant data centre orders in the industry, driving the shares up 150% since September." - UBS

** UBS also says after Bosch sold its stake in Ceres, it removed an overhang from the company

** 6 of the 8 analysts covering the stock have a "buy" or higher rating, 1 has "hold", while 1 rates it at "sell" or lower; median PT is 190 pence - data compiled by LSEG

** YTD, stock has risen 70.53%

(Reporting by Tuhina in Bengaluru)

((Tuhina@thomsonreuters.com))