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

Clean Energy Technologies (NASDAQ:CETY) announced its quarterly earnings data on Monday. The company reported ($0.05) EPS for the quarter, FiscalAI reports. The company had revenue of $0.78 million for the quarter. Clean Energy Technologies had a negative net margin of 263.45% and a negative return on equity of 94.40%.

Clean Energy Technologies Price Performance

CETY opened at $0.92 on Monday. The firm has a market capitalization of $11.19 million, a P/E ratio of -0.61 and a beta of -1.52. The stock has a fifty day moving average of $0.83 and a 200-day moving average of $0.81. Clean Energy Technologies has a 12-month low of $0.46 and a 12-month high of $5.01.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Clean Energy Technologies stock. SG Americas Securities LLC acquired a new position in shares of Clean Energy Technologies, Inc. (NASDAQ:CETY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 44,633 shares of the company’s stock, valued at approximately $32,000. SG Americas Securities LLC owned 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.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Clean Energy Technologies in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

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.