Ceres Power Holdings

Fuel Cell Licensing Expansion Will Drive Demand And Reduce Downside Risk

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

29 Mar 25

Updated

27 Nov 25

Views

365

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

33.1%

7D

-19.7%

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1Y

33.1%

7D

-19.7%

You can edit this narrative until Nov 28 10:10 PM. Then, changes will post as Updates.

Author's Valuation

UK£3.7140.3% undervalued

AnalystConsensusTarget Fair Value

Shared on 27 Nov 25

Fair value Increased 42%

CWR: New Licensing Agreements Will Drive Fair Value While Heightening 2025 Risks

The analyst price target for Ceres Power Holdings has nearly doubled to £4.60, with analysts citing licensing agreements and increased visibility of future revenues as key drivers for the revision. Analyst Commentary Recent analyst research highlights diverging perspectives on Ceres Power Holdings, reflecting both renewed optimism and ongoing caution in the investment community.

Shared on 07 Nov 25

Fair value Increased 35%

CWR: Recent Licensing Agreements Will Expose Execution Risks In 2025

The analyst price target for Ceres Power Holdings has risen sharply from £1.93 to £2.61, as analysts highlight increased future revenue visibility and growing momentum in solid oxide fuel cell adoption, particularly due to recent licensing agreements and opportunities in AI data centers. Analyst Commentary Recent analyst updates for Ceres Power Holdings demonstrate both optimism and caution regarding the company’s prospects, especially following new licensing agreements and the ongoing adoption of solid oxide fuel cell technology.

Shared on 24 Oct 25

Fair value Increased 6.09%

The analyst price target for Ceres Power Holdings has increased from £1.82 to £1.93. This change reflects analysts' positive outlook as they see the company benefiting from growing fuel cell demand and reduced downside risk following updated expectations.

Shared on 10 Oct 25

Fair value Increased 8.45%

The consensus analyst price target for Ceres Power Holdings has increased from £1.68 to £1.82. Analysts cite improved revenue growth expectations and confidence in fuel cell adoption as key drivers of the upward revision.

Shared on 01 May 25

Fair value Decreased 23%

Shared on 24 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

Fair value Decreased 14%

AnalystConsensusTarget has decreased future PE multiple from 192.2x to 165.1x.

Shared on 09 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Increased 56%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

AnalystConsensusTarget Fair Value

UK£3.71

40.3% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

15.28%

Electrical revenue growth rate

0.51%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

9.28%

Calculation

UK£2.79m

Earnings '28

x

335.91x

PE Ratio '28

=

UK£936.78m

Market Cap '28

UK£936.78m

Market Cap '28

/

193.93m

No. shares '28

=

UK£4.83

Share Price '28

UK£4.83 Share Price '28

Discounted to 2025 @ 9.35% p.a.

=

UK£3.69

Fair Value '25