LON:CWR

LON:CWR

Shares in Ceres Power were sliding on Wednesday, following the company's announcement regarding the failure of joint venture talks in China in 2023. In a trading update, Ceres Power also revealed that there would be delays to the expected royalties from its fuel cell systems.

This news has had a significant impact on the stock price of Ceres Power, causing a decline in its value. The failed joint venture talks in China have raised concerns about the company's expansion plans and its ability to tap into the Chinese market. Additionally, the delays in expected royalties are likely to affect the company's financial performance in the short term.

Investors and shareholders will be closely monitoring the developments at Ceres Power to assess the potential long-term implications of these setbacks. The company will need to reassess its strategy and explore alternative opportunities to mitigate the impact of the failed joint venture talks and the delay in royalties. It remains to be seen how these challenges will be addressed and how they will shape the future prospects of Ceres Power.