CO2 Energy Transition (NASDAQ:NOEM) Releases Earnings Results

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

CO2 Energy Transition Trading Down 0.1%

Shares of NASDAQ:NOEM traded down $0.01 during midday trading on Friday, reaching $10.43. 7,968 shares of the company were exchanged, compared to its average volume of 4,883. The business’s fifty day moving average is $10.39 and its two-hundred day moving average is $10.34. CO2 Energy Transition has a one year low of $9.97 and a one year high of $10.50. The stock has a market cap of $99.99 million, a PE ratio of 80.20 and a beta of 0.02.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of CO2 Energy Transition in a research note on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Hedge Funds Weigh In On CO2 Energy Transition

Several institutional investors have recently bought and sold shares of the business. Flow Traders U.S. LLC lifted its position in CO2 Energy Transition by 11.9% during the third quarter. Flow Traders U.S. LLC now owns 14,829 shares of the company’s stock valued at $151,000 after purchasing an additional 1,578 shares during the last quarter. Dakota Wealth Management lifted its position in CO2 Energy Transition by 11.7% during the fourth quarter. Dakota Wealth Management now owns 28,550 shares of the company’s stock valued at $294,000 after purchasing an additional 3,000 shares during the last quarter. Clear Street Group Inc. lifted its position in CO2 Energy Transition by 96.5% during the fourth 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. Wolverine Asset Management LLC lifted 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 valued at $749,000 after purchasing an additional 17,196 shares during the last quarter. Finally, Radcliffe Capital Management L.P. bought a new position in CO2 Energy Transition during the third quarter valued at $308,000.

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.