Clean Energy Technologies (NASDAQ:CETY) Releases Earnings Results

Clean Energy Technologies (NASDAQ:CETY) issued its earnings results on Monday. The company reported ($0.05) earnings per share for the quarter, FiscalAI reports. Clean Energy Technologies had a negative return on equity of 94.40% and a negative net margin of 263.45%.The firm had revenue of $0.78 million for the quarter.

Clean Energy Technologies Stock Performance

Shares of NASDAQ CETY opened at $0.91 on Tuesday. The stock has a market cap of $11.07 million, a price-to-earnings ratio of -0.60 and a beta of -1.52. Clean Energy Technologies has a fifty-two week low of $0.46 and a fifty-two week high of $5.01. The firm’s 50-day simple moving average is $0.83 and its 200 day simple moving average is $0.81.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Clean Energy Technologies in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Clean Energy Technologies presently has an average rating of “Sell”.

Institutional Trading of Clean Energy Technologies

An institutional investor recently bought a new position in Clean Energy Technologies stock. SG Americas Securities LLC bought a new stake in Clean Energy Technologies, Inc. (NASDAQ:CETY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 44,633 shares of the company’s stock, valued at approximately $32,000. SG Americas Securities LLC owned approximately 0.84% of Clean Energy Technologies as of its most recent SEC filing. Institutional investors own 0.49% of the company’s stock.

Clean Energy Technologies Company Profile

Clean Energy Technologies, Inc (NASDAQ: CETY) is an energy technology company focused on the design, development and operation of renewable natural gas (RNG) systems. By deploying anaerobic digestion solutions, the company captures methane emissions from agricultural and organic waste streams and upgrades it into pipeline-quality RNG. This process not only reduces greenhouse gas emissions but also provides a sustainable energy alternative that can be used in utility gas grids, heavy-duty transportation and industrial applications.

The company offers a turnkey service model that spans project feasibility, engineering, equipment supply, construction management, financing and ongoing operations and maintenance.