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

Clean Energy Technologies (NASDAQ:CETY) posted its quarterly earnings results on Friday. The company reported ($0.59) 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 business had revenue of $0.71 million during the quarter.

Clean Energy Technologies Stock Up 4.5%

Shares of Clean Energy Technologies stock opened at $0.76 on Friday. The company has a market cap of $4.06 million, a P/E ratio of -0.62 and a beta of -1.49. Clean Energy Technologies has a 52-week low of $0.46 and a 52-week high of $5.01. The firm’s 50 day moving average price is $0.80 and its 200-day moving average price is $0.87.

Analyst Upgrades and Downgrades

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

Institutional Trading of Clean Energy Technologies

A hedge fund recently bought a new stake in Clean Energy Technologies stock. SG Americas Securities LLC bought a new position in shares of Clean Energy Technologies, Inc. (NASDAQ:CETY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 44,633 shares of the company’s stock, valued at approximately $32,000. SG Americas Securities LLC owned about 0.84% of Clean Energy Technologies at the end of the most recent quarter. Hedge funds and other institutional investors own 0.49% of the company’s stock.

About Clean Energy Technologies

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.