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

Clean Energy Technologies (NASDAQ:CETY) posted its earnings results on Friday. The company reported ($0.59) earnings per share (EPS) for the quarter, FiscalAI reports. Clean Energy Technologies had a negative net margin of 192.29% and a negative return on equity of 84.63%. The company had revenue of $0.71 million for the quarter.

Clean Energy Technologies Trading Down 5.2%

Clean Energy Technologies stock opened at $0.73 on Friday. The firm has a 50 day moving average of $0.80 and a 200 day moving average of $0.87. The firm has a market capitalization of $3.88 million, a price-to-earnings ratio of -0.60 and a beta of -1.49. Clean Energy Technologies has a 12-month low of $0.46 and a 12-month high of $5.01.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Clean Energy Technologies in a research report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On Clean Energy Technologies

An institutional investor recently bought a new position in Clean Energy Technologies stock. SG Americas Securities LLC bought a new position in Clean Energy Technologies, Inc. (NASDAQ:CETY) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 at the end of the most recent quarter. Institutional investors and hedge funds 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.