Ceres Power (CWR LN, BUY, T/P 20p) - Positive technology update- Buy PT 20p
Ceres Power has today made a positive announcement with regard to its technology roadmap, and highlights the significant progress they are making towards commercialisation, in a number of significant markets. We continue to believe that Ceres will provide a crucial piece of the EV (Electric Vehicle) jigsaw, by providing clean charging overnight at home, and also significant benefits to data centres, residential in general, and commercial applications. Retain Buy 20p price target.Ceres Power Holdings is a fuel cell technology and engineering company. Co. is working with partners to embed its SteelCell™ technology in mass-market energy products for the commercial, residential and transportation markets. SteelCell™ is Co.'s Solid Oxide Fuel Cell. SteelCell™ is a perforated sheet of steel with special screen-printed ceramic layers that electrochemically convert a variety of fuels directly into power. The principal activity of Co.'s subsidiary, Ceres Power Ltd is the commercialisation and continued development of Co.'s fuel cell technology.
Whitman Howard is an independent institutional stockbroking and investment banking business focused on servicing the needs of our corporate clients and institutional investor base.
The company began trading in 2011 with a team of highly experienced market professionals and the goal of building a leading capital markets business in an entrepreneurial environment.
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