Yahoo Finance
Wall Streetrarely puts atriple-digitreturn forecast on a company with a long history of being unprofitable.
fuel cell developerCeres Power(CWR) as a top European pick for August, forecasting a168% gainover the next 12 months.
That would nearly triple the money of anyone buying today.
Ceres sharesfell more than 31% in Julyas investors pulled back from artificial intelligence spending.
Goldman sees that drop as a buying window rather than a warning.
For investors, Goldman thinks Ceres will help solve one ofAI's biggest problems: where theelectricitycomes from.
Whether that outlook holds depends on partners, timelines, and cash the company does not yet have.
Goldman analystMichele Della Vignareiterated hisBuy ratingon Ceres with a930p price targeton July 4, according toThe Globe and Mail.
5, which is where that 168% figure comes from.
It trades up more than 168% year to date, yet it sits wellbelow its 52-week high of 872.50pafter the July sell-off.
Morgan Stanley says Bloom can withstand an Oracle project delay Another AI power darling just hit a 52-week low Morgan Stanley strongly resets GE Vernova stock target Della Vigna was among the first major analysts to connect fuel cells to AI power demand, and he has raised his Ceres target repeatedly through 2026.
Goldman also placed Ceres near the top of itsAugust European Conviction List, the bank's roster of highest-confidence Buy calls,CNBCreported.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
Comments
Post a Comment