Analyst Constantin Hesse of Jefferies maintained a Buy rating on Ceres Power Holdings, with a price target of p460.00.
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Constantin Hesse has given his Buy rating due to a combination of factors that indicate a positive outlook for Ceres Power Holdings. The recent licensing agreement with Weichai Power adds to the company’s growing list of manufacturing partners, which now totals four. This agreement is expected to enhance revenue visibility for the years 2026 and 2027, while also contributing to a reduction in cash burn.
Moreover, the stock is anticipated to maintain its upward momentum, driven by the increasing adoption of Solid Oxide Fuel Cells (SOFC) in AI data centers. There is also growing interest from the US market, with a potential licensing agreement in the region likely to further boost investor sentiment. As a result, the target price has been raised to 460p.
According to TipRanks, Hesse is a 3-star analyst with an average return of 4.2% and a 45.18% success rate. Hesse covers the Technology sector, focusing on stocks such as SMA Solar Technology, PVA TePla, and Siltronic.
In another report released yesterday, Goldman Sachs also maintained a Buy rating on the stock with a p530.00 price target.