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The latest update is out from Carnegie Clean Energy Ltd ( (AU:CCE) ).
Carnegie Clean Energy reported continued progress in commercialising its wave energy portfolio during the quarter to 31 December 2025, with construction and integrated assembly of its first European CETO unit under the ACHIEVE Programme advancing ahead of planned deployment at the Biscay Marine Energy Platform. The company initiated the €4 million EU-funded COIN project to develop CETO-based cost-reduction innovations, successfully completed factory acceptance testing on key components, and prepared power take-off system assembly with engineering partner SKF in Germany, while also completing four EuropeWave milestones and receiving related funding, alongside Basque R&D tax credit sales and COIN pre-financing. These developments, combined with an Australian Department of Defence innovation award highlighting potential defence applications and growing interest from aquaculture, strengthen Carnegie’s strategic positioning in wave energy, support its push toward commercial-scale deployment, and underline emerging high-value market opportunities for its technologies in global decarbonisation efforts.
The most recent analyst rating on (AU:CCE) stock is a Sell with a A$0.07 price target. To see the full list of analyst forecasts on Carnegie Clean Energy Ltd stock, see the AU:CCE Stock Forecast page.
More about Carnegie Clean Energy Ltd
Carnegie Clean Energy Ltd is an Australian renewable energy technology company focused on the development and commercialisation of wave energy solutions. Its core technologies include the CETO wave energy converter and MoorPower, targeting utility-scale power generation as well as specialised applications in sectors such as aquaculture and defence, particularly in European and Australian markets.
Average Trading Volume: 179,857
Technical Sentiment Signal: Sell
Current Market Cap: A$30.58M
For an in-depth examination of CCE stock, go to TipRanks’ Overview page.