Clean Energy Technologies (NASDAQ:CETY) Announces Earnings Results

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

Clean Energy Technologies Trading Up 4.4%

Shares of CETY opened at $0.95 on Wednesday. The firm’s 50-day moving average price is $0.84 and its 200-day moving average price is $0.81. The firm has a market capitalization of $11.56 million, a price-to-earnings ratio of -0.67 and a beta of -1.52. Clean Energy Technologies has a 1-year low of $0.46 and a 1-year high of $5.01.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

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