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Ceres Power shares jump 15% amid rumors of UBS price target upgrade to 970p.

Market News
22 May 2026
Proactive Investors
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Bullish
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Shares of Ceres Power Holdings rose 15% to 765.8p following unconfirmed reports of UBS upgrading its price target to 970p, adding to recent broker upgrades including Goldman Sachs. The company, which licenses solid oxide fuel cell technology to partners like Doosan and Delta Electronics, has seen strong commercial momentum with new strategic partnerships targeting data centers and heavy industry. Doosan Fuel Cell shares also surged on a major fuel cell order and production plans for AI data centers. Ceres shares have climbed nearly 970% over the past year, recovering from a setback in 2024, with analyst sentiment remaining positive overall.

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