MIDAS VERDICT:

The UK stock market can be wary of high-tech, lossmaking businesses, often with good reason. Ceres Power deserves more confidence, however. The need for cleaner, more efficient energy has never been greater and Ceres fuel cells offer a proven way to do more with less. The presence of Bosch as a partner and 17 per cent shareholder offers further reassurance. At £7.45, the shares have risen sharply since 2019, but they are a long way off the £13.40 high reached last year, even though the firm has gone from strength to strength. Existing shareholders may want to sell some stock and bank the profits, but they should retain most of their holdings. New investors may also fancy a punt at current levels.