Clean Energy Technologies (NASDAQ:CETY) Announces Earnings Results

Clean Energy Technologies (NASDAQ:CETY) issued its quarterly earnings results on Wednesday. The company reported ($0.09) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $0.37 million for the quarter. Clean Energy Technologies had a negative net margin of 277.52% and a negative return on equity of 79.63%.

Clean Energy Technologies Trading Up 1.6%

Shares of CETY opened at $0.96 on Thursday. The company’s fifty day simple moving average is $0.90 and its 200 day simple moving average is $0.83. Clean Energy Technologies has a 1-year low of $0.46 and a 1-year high of $5.01. The company has a market cap of $11.68 million, a price-to-earnings ratio of -0.68 and a beta of -1.51.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Clean Energy Technologies in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Clean Energy Technologies presently has a consensus 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.