BSE:IOB 18 December 2025

July 4, 2026, 3:19 AM EDT. Ceres Power Holdings plunged 25.8% in the last week of June, adding to a hard month where the stock is down 41.8%. Shares had been up nearly 300% from January to May. The UK company makes money by licensing out its solid oxide fuel cell (SOFC) tech to partners like Doosan and Shell instead of producing the cells itself. The drop came as traders pulled out of risky tech and after Ceres raised £100 million through a placing, putting 17.8 million new shares on the market and hitting holders with dilution. SOFC demand could reach 22GW each year by 2030 with AI data center growth. Some analysts now see the fall as a possible entry for investors looking at oversold UK names.