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Carnegie Clean Energy Ltd (AU:CCE)
ASX:CCE

Carnegie Clean Energy Ltd (CCE) AI Stock Analysis

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AU

Carnegie Clean Energy Ltd

(Sydney:CCE)

Rating:56Neutral
Price Target:
AU$0.00
▼(-100.00%Downside)
Carnegie Clean Energy Ltd's stock score is primarily impacted by its weak financial performance, marked by consistent net losses and negative cash flows. However, the stock's positive technical indicators provide some support. The negative P/E ratio and lack of dividend yield negatively affect its valuation.

Carnegie Clean Energy Ltd (CCE) vs. iShares MSCI Australia ETF (EWA)

Carnegie Clean Energy Ltd Business Overview & Revenue Model

Company DescriptionCarnegie Clean Energy Limited develops and commercializes the CETO wave energy technology for converting ocean wave energy into zero-emission electricity worldwide. 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.
How the Company Makes MoneyCarnegie Clean Energy Ltd makes money primarily through the development and commercialization of its wave energy technology, CETO. The company generates revenue by deploying its technology in commercial wave energy projects and entering into power purchase agreements (PPAs) with utilities or industrial customers who buy the electricity generated by their installations. Additionally, Carnegie may earn income from government grants, subsidies, and research and development collaborations that support the advancement of renewable energy technologies. The company also seeks partnerships with energy companies and investors to co-develop projects, which can provide additional revenue streams through joint ventures or licensing agreements.

Carnegie Clean Energy Ltd Financial Statement Overview

Summary
Carnegie Clean Energy Ltd is facing operational and financial challenges. Despite a strong equity base and low leverage, the company suffers from consistent net losses and negative cash flows. Revenue generation and cost management need improvement to enhance financial health.
Income Statement
55
Neutral
Carnegie Clean Energy Ltd shows weak profitability, with consistent net losses over the years. The gross profit margin for the latest year is 56.1%, indicating some efficiency in managing direct costs, but the net profit margin is negative due to high operating expenses. Revenue growth has been inconsistent, with a decline from the previous year. EBIT and EBITDA margins are both negative, highlighting operational challenges.
Balance Sheet
60
Neutral
The company's balance sheet reflects a strong equity position with an equity ratio of 94.2%. The debt-to-equity ratio is low at 0.002, indicating low leverage. Return on equity is negative due to net losses. The company maintains healthy liquidity with a significant portion of assets in cash and short-term investments.
Cash Flow
50
Neutral
Carnegie Clean Energy Ltd has negative operating and free cash flows, suggesting cash flow challenges. The free cash flow to net income ratio is negative, indicating that the company is struggling to generate cash relative to its net losses. Operating cash flow to net income is also negative, highlighting inefficiencies in converting earnings to cash.
BreakdownTTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue356.52K346.92K383.74K321.94K60.95K117.67K
Gross Profit44.32K194.61K-59.19K321.94K60.95K65.50K
EBITDA-2.01M-1.99M-177.00K-2.00M-199.00K-1.24M
Net Income-2.39M-2.32M-630.00K-1.93M-932.00K-276.00K
Balance Sheet
Total Assets23.81M22.40M22.49M21.52M21.99M21.21M
Cash, Cash Equivalents and Short-Term Investments3.88M3.73M2.00M4.10M3.63M3.41M
Total Debt1.93M34.22K110.92K167.62K47.16K2.95M
Total Liabilities3.40M1.30M1.26M785.90K544.94K3.34M
Stockholders Equity20.42M21.10M21.22M20.73M21.45M17.86M
Cash Flow
Free Cash Flow-2.49M-1.85M-2.84M-50.86K-1.14M-2.10M
Operating Cash Flow-2.56M-1.83M-1.72M960.54K166.91K-1.42M
Investing Cash Flow-15.76K1.88M-1.12M-1.01M-1.31M-664.17K
Financing Cash Flow4.10M1.68M745.70K512.38K1.36M5.25M

Carnegie Clean Energy Ltd Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.05
Price Trends
50DMA
0.05
Positive
100DMA
0.04
Positive
200DMA
0.04
Positive
Market Momentum
MACD
<0.01
Positive
RSI
55.21
Neutral
STOCH
44.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CCE, the sentiment is Positive. The current price of 0.05 is below the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.05, and above the 200-day MA of 0.04, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 55.21 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:CCE.

Carnegie Clean Energy Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (71)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUVPR
72
Outperform
AU$15.00M11.1522.25%10.55%116.67%
71
Outperform
€13.35B44.9912.20%4.32%2.01%5.74%
AULPE
69
Neutral
AU$20.95M6.2830.50%15.59%
AUDEL
67
Neutral
AU$36.35M7.2063.00%333.36%
AUCCE
56
Neutral
$19.04M-12.02%69.91%-89.19%
$9.60M-157.90%
AU14D
26
Underperform
AU$5.25M-32.27%-26.37%
* Utilities Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:CCE
Carnegie Clean Energy Ltd
0.05
0.01
26.19%
GDYMF
ReNu Energy Limited
0.16
-3.26
-95.32%
AU:DEL
Delorean Corporation Ltd
0.18
0.15
500.00%
AU:LPE
Locality Planning Energy Holdings Limited
0.12
<0.01
9.09%
AU:14D
1414 Degrees Ltd.
0.02
-0.04
-66.67%
AU:VPR
Volt Power Group Ltd
0.14
0.02
16.67%

Carnegie Clean Energy Ltd Corporate Events

Carnegie Clean Energy Advances MoorPower Pilot with New Funding
Jun 26, 2025

Carnegie Clean Energy Ltd has received $335,020 in funding from the Blue Economy Cooperative Research Centre to advance the design of its MoorPower Commercial Pilot Project. This initiative, in collaboration with partners like Huon Aquaculture and the University of Tasmania, aims to refine the MoorPower system for commercial aquaculture applications, potentially transforming energy use in the industry by replacing diesel with wave-generated power.

Carnegie Clean Energy Highlights Wave Energy Potential
May 22, 2025

Carnegie Clean Energy Ltd is focusing on delivering wave energy solutions, emphasizing its unique advantages over other renewable sources. The company highlights wave energy’s consistency, predictability, and efficiency, particularly during winter when energy demand is high. This positions wave energy as a valuable and untapped resource with significant potential for growth and impact on the renewable energy sector.

Carnegie Clean Energy Advances ACHIEVE Programme with EuropeWave Milestone
May 19, 2025

Carnegie Clean Energy Ltd has announced the receipt of a milestone payment under the EuropeWave Phase 3 Contract, marking progress in its ACHIEVE Programme. This payment follows the successful completion of electrical and control system testing for the CETO technology at the Biscay Marine Energy Platform in Spain. Upcoming activities include manufacturing inspections, deployment of a wave measurement buoy, and site preparations, which are crucial for the first European deployment of Carnegie’s CETO technology. The ACHIEVE Programme is a significant step in the commercialization of CETO technology, supported by funding from the Spanish and Basque governments.

Carnegie Clean Energy Partners with SKF to Advance Wave Energy Technology
May 7, 2025

Carnegie Clean Energy Ltd has announced a significant partnership with SKF, a global leader in rotating equipment, to advance the commercialisation of its CETO wave energy technology. This collaboration involves the design and manufacture of Power Take-Off units for the ACHIEVE Programme, marking a strategic step in Carnegie’s efforts to maintain its position as a leading wave energy solution provider. The partnership with SKF, which has a strong presence in the ocean energy sector, is expected to enhance Carnegie’s supply chain and support its long-term commercialisation goals, contributing to the global shift towards clean energy.

Carnegie Clean Energy Explores Wave Energy Projects in Alaska with Chugachmiut
May 6, 2025

Carnegie Clean Energy has signed a Memorandum of Understanding with Chugachmiut to explore the deployment of CETO wave energy projects in Southcentral Alaska. This collaboration aims to harness the significant wave energy potential in the region, providing a sustainable and secure energy source for local communities. The partnership will focus on technical and commercial pathways, including wave buoy deployments and stakeholder engagement, to advance the project.

Carnegie Clean Energy Advances Wave Energy Deployment in Europe
Apr 30, 2025

Carnegie Clean Energy Ltd has made significant strides in its ACHIEVE Programme, highlighted by a new contract with the Biscay Marine Energy Platform for the deployment of its CETO technology in Europe. The company has completed crucial testing of CETO’s control systems, established a new office in the Basque Country, and launched an online Investor Hub to keep stakeholders informed. These developments mark a pivotal step towards the commercial deployment of CETO, aiming to validate its performance and advance its commercialization pathway, supported by payments from European project funders.

Carnegie Clean Energy Secures Funding for European Wave Energy Project
Apr 28, 2025

Carnegie Clean Energy Limited announced that its subsidiary, Carnegie Technologies Spain, has received an advanced payment of €1,171,800 from the Spanish Government to support the construction of the first CETO unit in Europe. This funding, part of the RENMARINAS DEMOS Program, will aid in showcasing Carnegie’s wave energy technology and advancing its commercialization. The project aligns with Spain’s strategic roadmap for marine energy, aiming for significant deployment by 2030, and is supported by Export Finance Australia.

Carnegie Clean Energy Launches InvestorHub to Enhance Engagement
Apr 17, 2025

Carnegie Clean Energy has launched a new InvestorHub to enhance engagement with shareholders and potential investors, providing insights into the company’s activities and projects. This platform will facilitate direct communication with the leadership team and offer regular updates, supporting Carnegie’s growth and global expansion efforts, including projects like ACHIEVE CETO deployment and collaboration with Hewlett Packard Enterprises.

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.Date of analysis: Jun 05, 2025