Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An update from Carnegie Clean Energy Ltd ( (AU:CCE) ) is now available.
Carnegie Clean Energy’s Irish subsidiary, CETO Wave Energy Ireland, has received two EuropeWave Phase 3 milestone payments totalling €350,643 (about A$613,000) after completing key fabrication work on the CETO unit’s buoyant actuator, mooring connectors and foundation structures for the ACHIEVE Programme at the Biscay Marine Energy Platform in Spain. The latest funds mean 57% of the €3.75 million EuropeWave Phase 3 contract has now been drawn down, underscoring steady technical and financial progress toward the first European deployment of CETO technology, a pivotal step in Carnegie’s commercialisation pathway and its positioning within the competitive wave energy sector.
The most recent analyst rating on (AU:CCE) stock is a Hold 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 (ASX: CCE) is an ocean energy technology developer focused on converting wave power into electricity through its proprietary CETO and MoorPower systems. Operating through subsidiaries in Spain and Ireland, the company targets the emerging global marine renewables market, leveraging artificial intelligence and advanced electric machines to optimise energy generation from harsh offshore environments and advance commercial deployment of wave energy converters.
YTD Price Performance: 31.58%
Average Trading Volume: 200,366
Technical Sentiment Signal: Sell
Current Market Cap: A$30.58M
For an in-depth examination of CCE stock, go to TipRanks’ Overview page.