Clean Energy Technologies (NASDAQ:CETY) Trading 5.1% Higher – Here’s Why

Clean Energy Technologies, Inc. (NASDAQ:CETY) shares rose 5.1% during mid-day trading on Monday . The stock traded as high as $0.9898 and last traded at $0.9239. Approximately 21,215 shares were traded during mid-day trading, a decline of 52% from the average session volume of 44,012 shares. The stock had previously closed at $0.8792.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Clean Energy Technologies in a report on Friday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Clean Energy Technologies presently has a consensus rating of “Sell”.

Clean Energy Technologies Price Performance

The company has a fifty day moving average of $0.82 and a two-hundred day moving average of $0.81. The stock has a market capitalization of $10.92 million, a P/E ratio of -0.59 and a beta of -1.52.

Institutional Investors Weigh In On Clean Energy Technologies

An institutional investor recently bought a new stake in Clean Energy Technologies stock. SG Americas Securities LLC acquired a new position in shares of Clean Energy Technologies, Inc. (NASDAQ:CETY) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 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 reporting period. 0.49% of the stock is currently owned by institutional investors and hedge funds.

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.