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Carnegie Clean Energy Ltd ( (AU:CCE) ) has issued an update.
Carnegie Clean Energy has received a Research and Development Tax Incentive cash rebate of $568,630 from the Australian Tax Office for the financial year ended 30 June 2025. The rebate reflects eligible research and development expenditure incurred during the year, underscoring the company’s ongoing investment in advancing its ocean energy technologies.
The company also plans to lodge a further application for the R&D Tax Incentive based on eligible expenditure for the year ending 30 June 2026. Continued access to this government support is expected to help Carnegie fund innovation activities and maintain momentum across its CETO and MoorPower programmes, reinforcing its position in the emerging ocean renewables sector.
The most recent analyst rating on (AU:CCE) stock is a Hold with a A$0.06 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 ASX-listed technology developer focused on ocean energy solutions that convert wave power into electricity. Through wholly owned subsidiaries in Spain and Ireland, the company develops and owns its CETO and MoorPower technologies, integrating artificial intelligence and advanced electric machines to optimise energy generation from ocean waves.
YTD Price Performance: -1.75%
Average Trading Volume: 198,016
Technical Sentiment Signal: Sell
Current Market Cap: A$22.83M
Learn more about CCE stock on TipRanks’ Stock Analysis page.