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

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

Clean Energy Technologies Stock Up 4.5%

NASDAQ:CETY opened at $0.76 on Friday. Clean Energy Technologies has a 12 month low of $0.46 and a 12 month high of $5.01. The firm has a market cap of $4.06 million, a price-to-earnings ratio of -0.50 and a beta of -1.49. The company’s 50 day moving average is $0.80 and its 200-day moving average is $0.87.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

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

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.