CO2 Energy Transition (NASDAQ:NOEM) Posts Quarterly Earnings Results

CO2 Energy Transition (NASDAQ:NOEM) issued its quarterly earnings data on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, FiscalAI reports.

CO2 Energy Transition Stock Up 1.2%

Shares of NOEM stock traded up $0.12 during trading on Thursday, reaching $10.81. The company’s stock had a trading volume of 1,189 shares, compared to its average volume of 9,108. The business has a fifty day moving average price of $10.67 and a 200-day moving average price of $10.49. The company has a market cap of $103.72 million, a price-to-earnings ratio of 67.60 and a beta of -0.05. CO2 Energy Transition has a one year low of $10.08 and a one year high of $12.62.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Toronto Dominion Bank lifted its position in CO2 Energy Transition by 59.1% during the 4th quarter. Toronto Dominion Bank now owns 511,082 shares of the company’s stock worth $5,259,000 after buying an additional 189,784 shares in the last quarter. Sona Asset Management US LLC acquired a new position in shares of CO2 Energy Transition during the 1st quarter worth approximately $2,613,000. L1 Global Manager Pty Ltd acquired a new position in shares of CO2 Energy Transition during the 4th quarter worth approximately $1,441,000. Wolverine Asset Management LLC raised its position in CO2 Energy Transition by 30.9% during the fourth quarter. Wolverine Asset Management LLC now owns 72,779 shares of the company’s stock worth $749,000 after acquiring an additional 17,196 shares in the last quarter. Finally, Clear Street Group Inc. lifted its stake in CO2 Energy Transition by 96.5% in the 4th quarter. Clear Street Group Inc. now owns 21,139 shares of the company’s stock valued at $218,000 after purchasing an additional 10,381 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of CO2 Energy Transition in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

CO2 Energy Transition Company Profile

CO2 Energy Transition, Inc is a special purpose acquisition company organized under the laws of the State of Delaware. Listed on the NASDAQ under the ticker symbol NOEM, the company’s mission is to identify, acquire, and merge with one or more businesses operating in the climate technology and energy transition sectors. By targeting companies at the forefront of decarbonization, CO2 Energy Transition seeks to position itself as a strategic partner in the development and commercialization of solutions that reduce greenhouse gas emissions.

Although the company has not yet announced a definitive business combination, its investment mandate encompasses a broad range of activities within the clean energy ecosystem.