Clean Energy Technologies (NASDAQ:CETY) Releases Quarterly Earnings Results

Clean Energy Technologies (NASDAQ:CETY) posted its quarterly earnings results on Wednesday. The company reported ($0.09) EPS for the quarter, FiscalAI reports. Clean Energy Technologies had a negative net margin of 277.52% and a negative return on equity of 79.63%. The business had revenue of $0.37 million during the quarter.

Clean Energy Technologies Stock Performance

Shares of Clean Energy Technologies stock traded up $0.03 during trading hours on Wednesday, reaching $0.97. The company’s stock had a trading volume of 20,292 shares, compared to its average volume of 304,294. The company’s 50 day simple moving average is $0.89 and its 200 day simple moving average is $0.83. Clean Energy Technologies has a one year low of $0.46 and a one year high of $5.01. The stock has a market cap of $11.84 million, a P/E ratio of -0.70 and a beta of -1.51.

Wall Street Analysts Forecast Growth

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

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.