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

Clean Energy Technologies (NASDAQ:CETY) issued its earnings results on Wednesday. The company reported ($0.09) earnings per share for the quarter, FiscalAI reports. Clean Energy Technologies had a negative net margin of 262.61% and a negative return on equity of 79.77%. The firm had revenue of $0.37 million during the quarter.

Clean Energy Technologies Stock Performance

NASDAQ:CETY opened at $0.98 on Friday. Clean Energy Technologies has a 1 year low of $0.46 and a 1 year high of $5.01. The stock has a fifty day moving average price of $0.90 and a two-hundred day moving average price of $0.83. The stock has a market capitalization of $11.97 million, a price-to-earnings ratio of -0.82 and a beta of -1.51.

Wall Street Analyst Weigh In

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