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Carnegie Clean Energy Ltd (AU:CCE)
:CCE
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Carnegie Clean Energy Ltd (CCE) AI Stock Analysis

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AU:CCE

Carnegie Clean Energy Ltd

(OTC:CCE)

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Neutral 46 (OpenAI - 4o)
Rating:46Neutral
Price Target:
AU$0.00
▼(-100.00% Downside)
Carnegie Clean Energy Ltd's overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues and persistent losses. The technical analysis indicates a bearish trend, and the negative P/E ratio highlights valuation concerns. The absence of earnings call data and corporate events means these factors do not influence the score.

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 generates revenue primarily through the development and commercialization of its wave energy technology, which is designed to convert ocean wave energy into electricity. The company earns revenue by selling its technology, entering into power purchase agreements (PPAs), and securing government grants and funding for renewable energy projects. Key revenue streams include the sale of energy produced from its wave energy projects, licensing of its technology to third parties, and partnerships with other energy firms and government bodies. Significant collaborations and contracts, particularly in the renewable energy sector, further enhance its earnings potential.

Carnegie Clean Energy Ltd Financial Statement Overview

Summary
Carnegie Clean Energy Ltd faces operational and financial challenges, with consistent net losses and negative cash flows. The company benefits from a strong equity position and low leverage, but needs to improve revenue generation and cost management.
Income Statement
45
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
55
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
40
Negative
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.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue317.36K317.36K346.92K383.74K321.94K60.95K
Gross Profit-9.81K150.09K194.61K383.74K321.94K60.95K
EBITDA-1.47M-1.56M-1.99M-177.00K-2.00M-199.00K
Net Income-2.33M-2.33M-2.32M-630.00K-1.93M-932.00K
Balance Sheet
Total Assets27.53M27.53M22.40M22.49M21.52M21.99M
Cash, Cash Equivalents and Short-Term Investments2.90M2.90M3.73M2.00M4.10M3.63M
Total Debt5.04M5.04M34.22K110.92K167.62K47.16K
Total Liabilities8.29M8.29M1.30M1.26M785.90K544.94K
Stockholders Equity19.24M19.24M21.10M21.22M20.73M21.45M
Cash Flow
Free Cash Flow3.47M3.47M-1.85M-2.84M-50.86K-1.14M
Operating Cash Flow3.47M3.47M-1.83M-1.72M960.54K166.91K
Investing Cash Flow573.96K573.96K1.88M-1.12M-1.01M-1.31M
Financing Cash Flow2.08M2.08M1.68M745.70K512.38K1.36M

Carnegie Clean Energy Ltd Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.09
Price Trends
50DMA
0.09
Negative
100DMA
0.07
Positive
200DMA
0.06
Positive
Market Momentum
MACD
>-0.01
Positive
RSI
44.18
Neutral
STOCH
23.97
Neutral
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 0.09 is above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.09, and above the 200-day MA of 0.06, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.18 is Neutral, neither overbought nor oversold. The STOCH value of 23.97 is Neutral, 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

Overall Rating
UnderperformOutperform
Sector (66)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
70
Outperform
AU$15.54M17.0614.11%-11.85%6.25%
66
Neutral
$17.65B18.105.60%3.62%6.62%11.55%
46
Neutral
AU$30.58M-11.34%-8.52%13.51%
45
Neutral
AU$19.93M-5.70-38.32%2.69%-273.87%
44
Neutral
AU$31.94M-3.56-129.44%-29.97%-284.16%
34
Underperform
AU$19.89M-84.32%91.54%
26
Underperform
AU$9.62M-2.23-47.12%-15.24%
* Utilities Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:CCE
Carnegie Clean Energy Ltd
0.08
0.04
92.50%
AU:JNS
ReNu Energy Limited
0.17
-0.03
-15.00%
AU:DEL
Delorean Corporation Ltd
0.14
-0.03
-17.65%
AU:LPE
Locality Planning Energy Holdings Limited
0.12
-0.05
-28.13%
AU:14D
1414 Degrees Ltd.
0.03
-0.02
-41.67%
AU:VPR
Volt Power Group Ltd
0.14
0.02
16.67%

Carnegie Clean Energy Ltd Corporate Events

Carnegie Clean Energy Details AGM Proxy Voting Instructions
Oct 17, 2025

Carnegie Clean Energy Ltd has announced details regarding its upcoming Annual General Meeting, including proxy voting instructions for shareholders. The meeting will address several resolutions, including the remuneration report and the election of directors. Shareholders are encouraged to participate in the voting process, either by attending in person or by appointing a proxy. This announcement is crucial for stakeholders as it outlines key governance decisions that may impact the company’s strategic direction.

Carnegie Clean Energy’s 2025 Annual Report: A Commitment to Sustainable Ocean Energy
Oct 17, 2025

Carnegie Clean Energy Ltd’s 2025 Annual Report highlights the company’s commitment to sustainability through its innovative ocean energy solutions. The report underscores Carnegie’s strategic positioning in the renewable energy sector, with a focus on expanding its global footprint and enhancing its technological offerings to drive sustainable energy solutions. This expansion and technological advancement are expected to bolster Carnegie’s operations and strengthen its market position, potentially benefiting stakeholders by aligning with global sustainability trends.

Carnegie Clean Energy Announces 2025 AGM Details
Oct 17, 2025

Carnegie Clean Energy Ltd has announced its 2025 Annual General Meeting, scheduled for November 18, 2025, at the Swan Yacht Club in East Fremantle, WA. Shareholders are encouraged to participate by proxy voting online or via a personalized proxy form. The company emphasizes the importance of reviewing the meeting notice and staying informed through its website and ASX announcements, highlighting its commitment to shareholder engagement and transparent communication.

Carnegie Clean Energy Announces Annual General Meeting Details
Oct 17, 2025

Carnegie Clean Energy Ltd has announced its upcoming annual general meeting, scheduled for November 18, 2025, at the Swan Yacht Club in East Fremantle, WA. Shareholders are encouraged to submit questions in advance, and a poll will be conducted for all resolutions, including the advisory vote on the Remuneration Report. The meeting provides an opportunity for shareholders to engage with the company’s financial and operational reports, although no formal approval of these reports is required.

Carnegie Clean Energy Releases 2025 Corporate Governance Statement
Sep 29, 2025

Carnegie Clean Energy Ltd has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement outlines the company’s adherence to the ASX Corporate Governance Council’s principles, highlighting its commitment to transparency and accountability in its management and oversight practices. This announcement reinforces Carnegie’s dedication to maintaining high governance standards, which is crucial for building stakeholder trust and enhancing its position within the renewable energy sector.

Carnegie Clean Energy Announces 2025 Key Dates
Sep 29, 2025

Carnegie Clean Energy Ltd has announced key dates for its 2025 calendar, including the deadline for new director nominations on October 6, the release of the Notice of Annual General Meeting on October 18, and the Annual General Meeting scheduled for November 18. These dates are crucial for stakeholders as they outline the company’s governance timeline and provide insights into its strategic planning for the upcoming year.

Carnegie Clean Energy Ltd Announces Quotation of New Securities on ASX
Sep 22, 2025

Carnegie Clean Energy Ltd has announced the quotation of 4,385,365 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective September 22, 2025. This move is part of the company’s strategy to enhance its capital structure and support its ongoing projects in the renewable energy sector, potentially strengthening its market position and offering new opportunities for stakeholders.

Carnegie Clean Energy Addresses ASX Price Query Amid US Market Focus
Sep 17, 2025

Carnegie Clean Energy Ltd responded to a price query from the Australian Securities Exchange, stating that they are unaware of any undisclosed information that could explain the recent trading activity in their securities. The company highlighted its increased focus on the US market and its compliance with ASX Listing Rules, emphasizing its interest in wave energy opportunities in North America.

Carnegie Clean Energy Lists New Securities on ASX
Sep 10, 2025

Carnegie Clean Energy Ltd has announced the quotation of 37,138,648 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of September 11, 2025. This move is part of previously announced transactions and reflects the company’s ongoing efforts to enhance its financial standing and operational capabilities in the renewable energy sector.

Carnegie Clean Energy Secures $2.116 Million for Wave Energy Projects
Sep 10, 2025

Carnegie Clean Energy Ltd has successfully raised $2.116 million through a Share Purchase Plan, which will fund key projects such as the development of a 6 MW CETO Array in Europe and the MoorPower Commercial Pilot. These initiatives aim to advance the commercialization of Carnegie’s wave energy technologies, enhancing its global presence and project pipeline. The funds will also support business development efforts in Europe, the United States, and Australia, along with general operating costs.

Carnegie Clean Energy Secures Key Role in €4M Wave Energy Innovation Project
Sep 5, 2025

Carnegie Clean Energy Ltd has been selected as the key technology partner in the €4 million COIN project, funded by the European Commission under the Horizon Europe Programme. The project aims to enhance the reliability and sustainability of wave energy farms through innovations like AI-enhanced wave prediction and digital-twin technology, with Carnegie’s CETO technology serving as the reference platform. This initiative not only strengthens Carnegie’s industry position but also supports its commercialisation pathway without incurring costs, as the company will receive €383k for its contributions.

Carnegie Clean Energy’s Share Purchase Plan Deadline Nears
Sep 2, 2025

Carnegie Clean Energy Ltd has announced the approaching deadline for its Share Purchase Plan (SPP), set to close on September 8, 2025. This plan offers eligible shareholders the chance to purchase shares at a discounted rate, with funds aimed at supporting the development of the 6MW CETO Project at BiMEP, enhancing the ACHIEVE Programme, and advancing the MoorPower Commercial Pilot Project. This initiative is part of Carnegie’s broader strategy to expand its business development activities in Europe and the US, strengthening its position in the ocean energy sector.

Carnegie Clean Energy’s Global Wave Energy Initiative
Aug 26, 2025

Carnegie Clean Energy Ltd has announced its ongoing commitment to delivering wave energy globally. The company’s advancements in technology and manufacturing, particularly with its CETO and MoorPower products, position it as a leader in the sustainable energy market, potentially impacting stakeholders by enhancing renewable energy solutions.

Carnegie Clean Energy Reports Loss Amidst Technological Advancements
Aug 25, 2025

Carnegie Clean Energy Ltd reported a net loss of $2,327,734 for the financial year ending June 2025, with a slight increase in loss compared to the previous year. Despite the financial loss, the company made significant progress in validating its wave energy technologies, CETO and MoorPower, through various projects supported by key partners and grants. These efforts are crucial for the commercialisation of their technologies and improving their market positioning in the renewable energy sector.

Carnegie Clean Energy Advances Wave Energy Commercialization with New Share Purchase Plan
Aug 14, 2025

Carnegie Clean Energy Ltd is advancing its CETO and MoorPower technologies, focusing on commercializing wave energy solutions to support global decarbonization efforts. The company has launched a Share Purchase Plan to raise capital, which will fund the development of a 6MW CETO Project at BiMEP, support the ACHIEVE Programme, and accelerate business development activities in Europe and the US. This initiative reflects Carnegie’s growing recognition in the renewable energy sector and its commitment to expanding its market presence.

Carnegie Clean Energy Launches Share Purchase Plan
Aug 14, 2025

Carnegie Clean Energy Ltd has announced a Share Purchase Plan, allowing eligible shareholders in Australia and New Zealand to purchase new shares. The plan is not available to investors in the United States and is subject to certain legal restrictions in other jurisdictions. The initiative is part of the company’s efforts to raise capital, with the new shares expected to be quoted on the ASX. The offer opens on August 15, 2025, and closes on September 8, 2025, with the results announced shortly after. This move could impact the company’s financial position and market presence, offering stakeholders an opportunity to invest further in its renewable energy projects.

Carnegie Clean Energy Launches Share Purchase Plan
Aug 13, 2025

Carnegie Clean Energy Ltd has announced a Share Purchase Plan (SPP) allowing eligible shareholders to purchase up to $30,000 of new fully paid ordinary shares. This initiative, starting on 15 August 2025, is conducted in accordance with the ASIC Corporations Instrument, aiming to strengthen the company’s financial position and potentially enhance its market presence.

Carnegie Clean Energy to Host Investor Webinar on Strategic Developments
Aug 13, 2025

Carnegie Clean Energy announced an upcoming investor webinar scheduled for August 26, 2025, where CEO Jonathan Fiévez will discuss the company’s strategy and recent developments, including updates from investor roadshows in North America and Germany, the ACHIEVE Programme, and the 6MW CETO Array Project. The webinar will also cover Carnegie’s Memorandum of Understanding with Chugachmiut in Alaska, highlighting the company’s progress towards commercialization and its impact on stakeholders.

Carnegie Clean Energy Announces Securities Issue to Boost Capital
Aug 11, 2025

Carnegie Clean Energy Ltd has announced a proposed issue of 109,861,041 ordinary fully paid securities under a securities purchase plan. This initiative is part of the company’s strategy to raise capital, potentially enhancing its operational capabilities and strengthening its position in the renewable energy market.

Carnegie Clean Energy Launches $3 Million Share Purchase Plan to Advance Wave Energy Projects
Aug 11, 2025

Carnegie Clean Energy Ltd has announced a $3 million Share Purchase Plan (SPP) to fund the development of its 6 MW CETO project at BiMEP in Spain, business development activities in Europe and the US, and the MoorPower Commercial Pilot. The SPP offers shares at a 20% discount and aims to support the commercialization of Carnegie’s wave energy technologies, aligning with the EU’s renewable energy targets. The initiative reflects Carnegie’s strategic positioning in the growing ocean energy market, leveraging significant technological and commercial progress to attract funding and engage future customers.

Carnegie Clean Energy Advances Wave Energy Projects with Strategic Partnerships and Funding
Jul 31, 2025

Carnegie Clean Energy Ltd has made significant progress in the development and commercialization of its wave energy technologies, CETO and MoorPower, during the quarter ending June 30, 2025. The company has commenced the development of a 6MW CETO wave energy array and signed strategic MOUs with BiMEP and Chugachmiut for potential projects in Europe and Alaska. Additionally, Carnegie has advanced its ACHIEVE Programme with key partnerships and received substantial funding to support its first CETO deployment in Europe. These developments position Carnegie at a pivotal point with promising potential for future growth and impact in the renewable energy sector.

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: Oct 29, 2025