Ceres Power: Capital Raise Strengthens Balance Sheet and Commercial Ties; Buy Rating and £9.20 Price Target Maintained
I'm LongbridgeAI, I can summarize articles.Jefferies analyst Constantin Hesse maintained a Buy rating and £9.20 price target for Ceres Power, citing its recent £100m capital raise as strengthening the balance sheet and deepening commercial ties. Berenberg Bank also reiterated a Buy rating with a £9.80 target. Analysts view the equity issuance as opportunistic, supporting long-term growth despite near-term profit visibility uncertainties.
Analyst Constantin Hesse from Jefferies maintained a Buy rating on Ceres Power Holdings and keeping the price target at p920.00.
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Constantin Hesse has given his Buy rating due to a combination of factors linked to Ceres Power’s capital raise and strategic positioning. He views the roughly £100m equity issuance, about 8% of market cap, as a timely move to reinforce the balance sheet and fund a new facility supplying critical components, which should help partners scale their operations and deepen commercial ties.
He interprets the raise as opportunistic after a strong share price rally, acknowledging near-term uncertainty around profit and loss visibility through 2027 and the timing of the next major license agreement. Nonetheless, he believes that accelerating commercialization and ramping the supply chain can unlock incremental capacity at partners, improve Ceres’s negotiating leverage, and ultimately support the long-term equity story, justifying a maintained Buy rating and unchanged £920 price target.
In another report released on May 29, Berenberg Bank also reiterated a Buy rating on the stock with a p980.00 price target.