{"id":40081,"date":"2026-06-03T09:28:00","date_gmt":"2026-06-03T09:28:00","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/40081\/"},"modified":"2026-06-03T09:28:00","modified_gmt":"2026-06-03T09:28:00","slug":"ceres-power-up-as-chatter-grows-around-doosan-deal-2","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/40081\/","title":{"rendered":"Ceres Power up as chatter grows around Doosan deal"},"content":{"rendered":"<p>    <img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/06\/4f24e477e950feab9352e15e8b0bb984.jpeg\" alt=\"Ceres Power up as chatter grows around Doosan deal\" loading=\"eager\" height=\"556\" width=\"960\" class=\"yf-lglytj  loaded\"\/> Ceres Power up as chatter grows around Doosan deal Proactive uses images sourced from Shutterstock      <\/p>\n<p class=\"yf-1fy9kyt\">Shares in <a href=\"https:\/\/finance.yahoo.com\/quote\/CWR.l\" data-ylk=\"slk:Ceres Power Holdings PLC (LSE:CWR, OTC:CPWHF);elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Ceres Power Holdings PLC (LSE&quot;}\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">Ceres Power Holdings PLC (LSE:CWR, OTC:CPWHF)<\/a>, the Horsham-based developer of solid oxide fuel cell and electrolyser technology, jumped 15% to 765.8p on Friday in the absence of any formal announcement from the company.<\/p>\n<p class=\"yf-1fy9kyt\">Bulletin board chatter pointed to a reported price target upgrade from UBS to 970p as the catalyst, though the note could not be immediately verified (Proactive will update on this later).<\/p>\n<p class=\"yf-1fy9kyt\">If confirmed, it would mark the latest in a string of broker upgrades for the stock, following Goldman Sachs raising its target to 670p from 530p in late April, a move that triggered a 23% share price jump at the time.<\/p>\n<p class=\"yf-1fy9kyt\">Shares in Doosan Fuel Cell, the South Korean manufacturing licensee of Ceres&#8217;s technology, surged as much as 25% overnight, adding further momentum ahead of the London open.<\/p>\n<p class=\"yf-1fy9kyt\">Doosan&#8217;s stock has risen nearly 400% over the past year on the back of a $2.65 billion fuel cell order and the commencement of mass production of solid oxide fuel cell systems targeting the AI data centre market in July 2025.<\/p>\n<p class=\"yf-1fy9kyt\">Ceres operates an asset-light licensing model, earning fees and royalties from manufacturing partners including Doosan, Delta Electronics, Weichai Power and Denso.<\/p>\n<p class=\"yf-1fy9kyt\">The company has built significant commercial momentum in recent months, signing a strategic partnership with Centrica in March to accelerate deployment of multi-gigawatt on-site power solutions across the UK and Europe, targeting data centres, AI compute hubs and heavy industry.<\/p>\n<p class=\"yf-1fy9kyt\">That deal was followed in April by an infrastructure partnership between Centrica and Delta Electronics, Ceres&#8217;s Taiwanese licensee, to deliver off-grid solid oxide fuel cell power to data centres and energy-intensive industries.<\/p>\n<p class=\"yf-1fy9kyt\">Delta&#8217;s factory, with 200 megawatts of capacity, is due for completion by the end of this year, while Weichai is building what is expected to be the world&#8217;s largest solid oxide fuel cell manufacturing facility, with an estimated capacity of one gigawatt.<\/p>\n<p class=\"yf-1fy9kyt\">The shares have risen more than 970% over the past 12 months, recovering from lows below 60p hit after partner Bosch walked away from its collaboration in 2024.<\/p>\n<p class=\"yf-1fy9kyt\">Analyst consensus on the stock remains broadly positive, with Jefferies carrying a price target equivalent to 480p and Goldman Sachs at 670p, though the reported UBS target of 970p would represent a significant step up.<\/p>\n","protected":false},"excerpt":{"rendered":"Ceres Power up as chatter grows around Doosan deal Proactive uses images sourced from Shutterstock Shares in Ceres&hellip;\n","protected":false},"author":2,"featured_media":40082,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[22462,10699,17748,410,409,6113,408,3166,6114,24251],"class_list":["post-40081","post","type-post","status-publish","format-standard","has-post-thumbnail","category-doosan","tag-ceres-power","tag-data-centre","tag-delta-electronics","tag-doosan","tag-doosan-enerbility","tag-doosan-fuel-cell","tag-doosan-group","tag-goldman-sachs","tag-solid-oxide-fuel-cell","tag-weichai-power"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/40081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=40081"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/40081\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/40082"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=40081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=40081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=40081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}