Ceres Power Buy (PT 20p) has today announced a significant strategic partnership with China’s Weichai power and a significant equity investment, which if approved, and some milestones are hit, will see Weichai invest c£40m in total and have 20% equity stake in CWR. We retain our Buy rating and 20p price target.
16 May 2018
Significant partnership with China’s Weichai
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Significant partnership with China’s Weichai
Ceres Power Holdings plc (CWR:LON) | 141 -1.7 (-0.8%) | Mkt Cap: 273.0m
- Published:
16 May 2018 -
Author:
Harvey Robinson -
Pages:
3
Ceres Power Buy (PT 20p) has today announced a significant strategic partnership with China’s Weichai power and a significant equity investment, which if approved, and some milestones are hit, will see Weichai invest c£40m in total and have 20% equity stake in CWR. We retain our Buy rating and 20p price target.