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Carnegie Clean Energy Ltd
(Sydney:CCE)
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Rating:52Neutral
Price Target:
AU$0.18
▼(-48.00% Downside)
Action:Reiterated
Date:07/29/26
The score is held back primarily by weak fundamentals (declining revenue, ongoing losses, and very weak/volatile free cash flow). Technicals provide a meaningful offset, with the stock trading above all listed moving averages, but valuation support is limited given the negative P/E and missing dividend yield.
Positive Factors
Gross margin strength
A gross profit margin near 47% indicates the company retains significant value on project delivery and system integration work. Over the medium term this margin buffer helps absorb SG&A and development costs, supporting survivability through lumpy project revenues and enabling reinvestment in technology and service capabilities.
Negative Factors
Declining revenue trend
Year-over-year revenue contraction of roughly 11% signals weakening top-line momentum and reduced scale for project execution. For a project-driven firm this trend can reflect lost bids, timing gaps or weaker demand and, if persistent, will impair negotiating leverage with suppliers and capacity to invest in business development.
Read all positive and negative factors
Positive Factors
Negative Factors
Gross margin strength
A gross profit margin near 47% indicates the company retains significant value on project delivery and system integration work. Over the medium term this margin buffer helps absorb SG&A and development costs, supporting survivability through lumpy project revenues and enabling reinvestment in technology and service capabilities.
Read all positive factors
Carnegie Clean Energy Ltd (CCE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$81.19M
Dividend YieldN/A
Average Volume (3M)139.68K
Price to Earnings (P/E)―
Beta (1Y)-0.36
Revenue Growth16.99%
EPS GrowthN/A
CountryAU
Employees52
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding427,303,100
10 Day Avg. Volume88,070
30 Day Avg. Volume139,680
Financial Highlights & Ratios
PEG Ratio0.60
Price to Book (P/B)0.98
Price to Sales (P/S)59.60
P/FCF Ratio5.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Carnegie Clean Energy Ltd Business Overview & Revenue Model
Company Description
Carnegie Clean Energy Limited, based in North Fremantle, Australia, focuses on pioneering and deploying its innovative CETO wave energy technology. This system is engineered to harness the immense power of ocean waves, transforming it into clean, ...
How the Company Makes Money
CCE’s monetisation has primarily come from delivering clean-energy projects and services rather than from large-scale recurring generation income.
Key revenue streams include:
- Project development and delivery: Revenue can be generated by design...
Carnegie Clean Energy Ltd Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 417.09K | 317.36K | 346.92K | 383.74K | 321.94K | 60.95K |
| Gross Profit | -630.94K | 150.09K | 194.61K | 383.74K | 321.94K | 60.95K |
| EBITDA | -1.54M | -1.56M | -1.99M | -176.07K | -2.00M | -199.00K |
| Net Income | -2.64M | -2.33M | -2.32M | -630.00K | -1.93M | -932.00K |
Balance Sheet | ||||||
| Total Assets | 24.64M | 27.53M | 22.40M | 22.49M | 21.52M | 21.99M |
| Cash, Cash Equivalents and Short-Term Investments | 3.95M | 2.90M | 3.73M | 2.00M | 4.10M | 3.63M |
| Total Debt | 2.31M | 5.04M | 34.22K | 110.92K | 167.62K | 47.16K |
| Total Liabilities | 5.12M | 8.29M | 1.30M | 1.26M | 785.90K | 544.94K |
| Stockholders Equity | 19.52M | 19.24M | 21.10M | 21.22M | 20.73M | 21.45M |
Cash Flow | ||||||
| Free Cash Flow | 5.27M | 3.47M | -1.85M | -2.84M | -50.86K | -1.14M |
| Operating Cash Flow | 3.30M | 3.47M | -1.83M | -1.72M | 960.54K | 166.91K |
| Investing Cash Flow | 1.95M | 573.96K | 1.88M | -1.12M | -1.01M | -1.31M |
| Financing Cash Flow | 1.73M | 2.08M | 1.68M | 745.70K | 512.38K | 1.36M |
Carnegie Clean Energy Ltd Technical Analysis
Neutral
0.35
Price Trends
0.19
Negative
0.13
Positive
0.10
Positive
Market Momentum
<0.01
Positive
44.19
Neutral
0.98
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CCE, the sentiment is Neutral. The current price of 0.35 is above the 20-day moving average (MA) of 0.23, above the 50-day MA of 0.19, and above the 200-day MA of 0.10, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 44.19 is Neutral, neither overbought nor oversold. The STOCH value of 0.98 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:CCE.
Carnegie Clean Energy Ltd Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
60 Neutral | AU$18.00M | 25.58 | 6.92% | ― | -8.32% | -67.69% | |
52 Neutral | AU$81.19M | -27.14 | -13.64% | ― | 16.99% | ― | |
46 Neutral | AU$222.51M | -14.93 | -7.48% | ― | ― | 80.88% | |
45 Neutral | AU$14.61M | -3.90 | -45.61% | ― | -2.45% | -211.48% | |
42 Neutral | AU$35.69M | -2.65 | -108.64% | ― | ― | -63.48% | |
34 Underperform | AU$56.52M | -0.21 | -31.05% | ― | ― | ― |
* Utilities Sector Average
AU:CCE
Carnegie Clean Energy Ltd
0.18
0.11
153.52%
AU:JNS
ReNu Energy Limited
0.33
0.21
175.00%
AU:LPE
Locality Planning Energy Holdings Limited
0.08
-0.04
-33.33%
AU:FHE
Frontier Energy Limited
0.19
-0.01
-5.00%
AU:14D
1414 Degrees Ltd.
0.05
0.03
108.00%
AU:VPR
Volt Power Group Ltd
0.10
-0.04
-25.93%
Carnegie Clean Energy Ltd Corporate Events
Carnegie Clean Energy Advances CETO Deployment and Bolsters Funding for Expansion
Jul 28, 2026
Carnegie Clean Energy advanced its ACHIEVE programme this quarter, completing electrical module fabrication and beginning power take-off assembly for its CETO wave energy unit ahead of an October ocean deployment at the BiMEP test site in Spain. T...
Carnegie Clean Energy Completes Share Placement and Issues Cleansing Notice
Jul 27, 2026
Carnegie Clean Energy has issued 13,888,888 fully paid ordinary shares at $0.18 per share under a placement completed on 28 July 2026. The capital raising was conducted without a prospectus or disclosure document under the Corporations Act provisi...
Carnegie Clean Energy Seeks ASX Quotation for New Share Issue
Jul 27, 2026
Carnegie Clean Energy Ltd has applied for quotation on the ASX of 13,888,888 new ordinary fully paid shares to be issued on 28 July 2026. The application, lodged as an Appendix 2A, formalizes the listing of these securities, which stem from previo...
Carnegie Clean Energy Plans Share Placement to Raise New Capital
Jul 21, 2026
Carnegie Clean Energy Ltd has notified the ASX of a proposed issue of 13,888,888 ordinary fully paid shares as part of a placement or similar capital‑raising transaction. The new securities are scheduled for issue on 28 July 2026, with the c...
Carnegie Clean Energy Raises $2.5m to Accelerate CETO Wave Energy Rollout
Jul 21, 2026
Carnegie Clean Energy has secured firm commitments for a $2.5 million share placement at $0.18 per share, attracting strong support from new overseas and local sophisticated investors. The pricing reflects a discount to recent trading levels and b...
Carnegie Clean Energy Seeks Trading Halt Ahead of Fundraising Announcement
Jul 21, 2026
Carnegie Clean Energy Limited has requested a trading halt in its securities on the ASX, with the pause to remain in place until either normal trading resumes on Thursday, 23 July 2026, or the company releases a pending announcement. The halt has ...
Carnegie director trims shareholding but retains large options stake
Jul 9, 2026
Carnegie Clean Energy has reported a change in the indirect holdings of director Anthony Shields, reflecting an on-market sale of 923,295 ordinary shares valued at about $199,174 through entities in which he is a director and shareholder. Followin...
Carnegie Director Adjusts Holdings to Fund Option Exercise
Jul 3, 2026
Carnegie Clean Energy has reported a change in the indirect interests of director Anthony Shields, reflecting adjustments in his holdings through Asymmetric Credit Partners Pty Ltd and Asymmetric Investment Management Pty Ltd. These entities, wher...
Carnegie Advances CETO Wave Energy Unit Toward 2026 Ocean Deployment
Jun 26, 2026
Carnegie Clean Energy is progressing the assembly of its CETO wave energy unit under the EU-backed ACHIEVE Programme for grid-connected deployment at Spain’s Biscay Marine Energy Platform. The company is working with global precision manufac...
Carnegie Director Adjusts Indirect Stake Through Share Sale and Option Exercise
Jun 19, 2026
Carnegie Clean Energy has reported a change in director Anthony Shields’ indirect interests in the company’s securities, as disclosed to the ASX. Through entities Asymmetric Credit Partners and Asymmetric Investment Management, Shields...
Carnegie Clean Energy Seeks ASX Quotation for Additional Shares
Jun 19, 2026
Carnegie Clean Energy Limited has applied to the Australian Securities Exchange for quotation of 1,475,326 new ordinary fully paid shares. The securities, issued on June 19, 2026, will be listed under the company’s existing CCE code, modestl...
Carnegie Clean Energy Seeks Quotation for 2.1 Million New Shares
Jun 9, 2026
Carnegie Clean Energy Ltd has applied for quotation on the ASX of 2.1 million new fully paid ordinary shares, following the exercise or conversion of existing options or other convertible securities. The additional shares, issued on June 9, 2026, ...
Carnegie Director Rebalances Stake by Selling Shares to Exercise Options
Jun 9, 2026
Carnegie Clean Energy has disclosed a change in director Anthony Shields’ indirect interests in the company’s securities, as required under ASX listing rules. Shields, through entities where he is a director and shareholder, adjusted h...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.