Carnegie Clean Energy Ltd (CCE) AI Stock Analysis

• Market Cap: AU$18.31M
• Dividend Yield: N/A
• Average Volume (3M): 102.23K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.76
• Revenue Growth: 69.91%
• EPS Growth: -89.19%
• Country: AU
• Employees: 52
• Sector: Utilities
• Sector Strength: 76
• Industry: Renewable Utilities
• EPS (TTM): >-0.01
• Shares Outstanding: 366,203,460
• 10 Day Avg. Volume: 82,550
• 30 Day Avg. Volume: 102,226
• PEG Ratio: -1.47
• Price to Book (P/B): 0.93
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -7.64
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 56 Neutral
• 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 Business Overview & Revenue Model

Company Description

Carnegie 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 Money

Carnegie Clean Energy Ltd primarily generates revenue through the development and deployment of its CETO wave energy technology. The company earns money by partnering with governments and private entities to develop wave energy projects, which often involve long-term power purchase agreements (PPAs). These agreements ensure a steady income stream as Carnegie sells the generated electricity to grid operators or directly to end users. Additionally, the company may receive grants and funding from government programs aimed at promoting renewable energy innovations. Carnegie's focus on continuous research and development also positions it to potentially license its technology to other energy companies, creating additional revenue opportunities.

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

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

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

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.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	346.92K	383.74K	321.94K	60.95K	117.67K
Gross Profit	194.61K	-59.19K	321.94K	60.95K	65.50K
EBITDA	-1.99M	-177.00K	-2.00M	-199.00K	-1.24M
Net Income	-2.32M	-630.00K	-1.93M	-932.00K	-276.00K
Balance Sheet
Total Assets	22.40M	22.49M	21.52M	21.99M	21.21M
Cash, Cash Equivalents and Short-Term Investments	3.73M	2.00M	4.10M	3.63M	3.41M
Total Debt	34.22K	110.92K	167.62K	47.16K	2.95M
Total Liabilities	1.30M	1.26M	785.90K	544.94K	3.34M
Stockholders Equity	21.10M	21.22M	20.73M	21.45M	17.86M
Cash Flow
Free Cash Flow	-1.85M	-2.84M	-50.86K	-1.14M	-2.10M
Operating Cash Flow	-1.83M	-1.72M	960.54K	166.91K	-1.42M
Investing Cash Flow	1.88M	-1.12M	-1.01M	-1.31M	-664.17K
Financing Cash Flow	1.68M	745.70K	512.38K	1.36M	5.25M

Carnegie Clean Energy Ltd Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.05
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 0.05 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.05, and above the 200-day MA of 0.04, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 44.34 is Neutral, neither overbought nor oversold. The STOCH value of 58.33 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VPR	72 Outperform	AU$15.00M	10.77	22.25%	―	10.55%	116.67%
LPE	70 Neutral	AU$20.95M	6.28	30.50%	―	15.59%	―
DEL	68 Neutral	AU$39.65M	7.41	63.00%	―	333.36%	―
Sector *	63 Neutral	HK$30.50B	8.75	5.37%	4.09%	-3.09%	4.51%
CCE	56 Neutral	AU$18.31M	―	-12.02%	―	69.91%	-89.19%
JNS	34 Underperform	AU$18.72M	―	-157.90%	―	―	-390.90%
14D	26 Underperform	AU$8.46M	―	-32.27%	―	―	-26.37%

Carnegie Clean Energy Ltd Corporate Events

Carnegie Clean Energy Expands European Investor Engagement with German Roadshow

Carnegie Clean Energy is enhancing its European investor engagement through a roadshow in Germany, led by its CEO and Chairman. This initiative, supported by DGWA GmbH, aims to raise awareness of Carnegie’s CETO technology among strategic investors and industry players. The roadshow is part of Carnegie’s strategy to leverage its dual listing on German stock exchanges, potentially increasing the company’s market presence and investor base in Europe.

Carnegie Clean Energy Expands European Presence with DGWA Partnership

Carnegie Clean Energy Ltd has appointed DGWA GmbH as its European financial markets and investor relations advisor to enhance its presence in Europe. This strategic move aims to increase awareness of its CETO technology and engage with investors across the DACH region and Europe, positioning Carnegie as a key player in the continent’s clean energy transition.

Carnegie Clean Energy Advances MoorPower Pilot with New Funding

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

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

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

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

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

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

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.