Carnegie Clean Energy Limited engages in the development of the CETO Wave Energy Technology in Australia. Its technology is a submerged point absorber type wave energy converter which converts ocean waves into zero-emission electricity. The company was formerly known as Carnegie Wave Energy Limited and changed its name to Carnegie Clean Energy Limited in December 2016. Carnegie Clean Energy Limited was incorporated in 1987 and is headquartered in North Fremantle, Australia.
Research context
Carnegie Clean Energy Limited appears in PyInvesting’s Australia Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
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- Utilities - Renewable
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5 years, 6 months ago
Carnegie Clean Energy Limited is currently in a long term uptrend where the price is trading 5.1% above its 200 day moving average.
From a valuation standpoint, the stock is 361.8% more expensive than other stocks from the Utilities sector with a price to sales ratio of 143.6.
Carnegie Clean Energy Limited's total revenue rose by 12.4% to $138K since the same quarter in the previous year.
Its net income has dropped by 284.8% to $-1M since the same quarter in the previous year.
Finally, its free cash flow grew by 102.1% to $21K since the same quarter in the previous year.
Based on the above factors, Carnegie Clean Energy Limited gets an overall score of 3/5.