Clean Energy Technologies (NASDAQ:CETY) Trading Up 18.6% – Here’s What Happened

Clean Energy Technologies, Inc. (NASDAQ:CETY) shares rose 18.6% on Friday . The company traded as high as $0.6079 and last traded at $0.5505. Approximately 318,129 shares changed hands during mid-day trading, an increase of 48% from the average daily volume of 215,583 shares. The stock had previously closed at $0.4640.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CETY shares. Wall Street Zen raised Clean Energy Technologies to a “sell” rating in a report on Saturday, December 6th. Weiss Ratings restated a “sell (e+)” rating on shares of Clean Energy Technologies in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Clean Energy Technologies Trading Up 18.6%

The business has a 50 day moving average of $0.85 and a 200-day moving average of $2.27. The stock has a market cap of $2.94 million, a PE ratio of -0.45 and a beta of -1.30.

Clean Energy Technologies (NASDAQ:CETY) last released its quarterly earnings results on Wednesday, November 19th. The company reported ($0.47) earnings per share for the quarter. Clean Energy Technologies had a negative return on equity of 84.63% and a negative net margin of 192.29%.The company had revenue of $0.77 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Clean Energy Technologies stock. SG Americas Securities LLC purchased a new position in shares of Clean Energy Technologies, Inc. (NASDAQ:CETY) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 44,633 shares of the company’s stock, valued at approximately $32,000. SG Americas Securities LLC owned approximately 0.84% of Clean Energy Technologies at the end of the most recent reporting period. 0.49% of the stock is owned by institutional investors and hedge funds.

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.