logo-loader
viewCeres Power Holdings PLC

Ceres Power CEO sees 'incredibly bright future' with further partnerships and new applications

Ceres Power Holdings PLC's (LON:CWR) Phil Caldwell tells Proactive London's Andrew Scott they're in a strong position and are enjoying good operational momentum despite the coronavirus (COVID-19) outbreak. Revenue for the period to June 30, 2020, will be in the region of £20mln, representing year-on-year growth of 20-25%. Cash and short-term investments were £108mln as of that date. ''We're not short of opportunity .... we expect to sign a couple of new partnerships this year and also we're starting to go into higher power applications'', Caldwell says.

Quick facts: Ceres Power Holdings PLC

Price: 515 GBX

LSE:CWR
Market: LSE
Market Cap: £882.84 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Ceres Power Holdings PLC named herein, including the promotion by the Company of Ceres Power Holdings PLC in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Market Report: Builders surge, FTSE 100 mixed after Sunak handout

Headlines from the Proactive UK newsroom. The FTSE 100 was mixed as investors reflected on Rishi Sunak’s mini-budget stimulus plans. The blue-chip index shed 12 points to 6,143 having opened higher. Housebuilders lead the risers as Persimmon said it would consider paying a final divided in...

on 9/7/20

2 min read