Clean Energy Technologies (NASDAQ:CETY) Trading Up 1% – Here’s Why

Clean Energy Technologies, Inc. (NASDAQ:CETY) shares shot up 1% during trading on Tuesday . The stock traded as high as $1.00 and last traded at $1.00. Approximately 22,350 shares traded hands during trading, a decline of 12% from the average daily volume of 25,480 shares. The stock had previously closed at $0.9899.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued 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 data from MarketBeat, the company currently has a consensus rating of “Sell”.

Clean Energy Technologies Trading Up 1.0%

The business has a fifty day simple moving average of $0.90 and a 200 day simple moving average of $0.84. The stock has a market capitalization of $12.17 million, a P/E ratio of -0.83 and a beta of -1.51.

Clean Energy Technologies (NASDAQ:CETY) last released its earnings results on Wednesday, August 19th. The company reported ($0.09) earnings per share (EPS) for the quarter. Clean Energy Technologies had a negative net margin of 262.61% and a negative return on equity of 80.91%. The business had revenue of $0.37 million during the quarter.

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.