Carnegie Clean Energy Ltd (AU:CCE)
ASX:CCE
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Carnegie Clean Energy Ltd
(Sydney:CCE)
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Rating:54Neutral
Price Target:
AU$0.18
▲(130.00% Upside)
Action:Reiterated
Date:06/18/26
The score is held back primarily by weak financial performance—declining revenue, ongoing losses, and deteriorating free cash flow—despite manageable leverage. Technicals are a notable positive with a strong uptrend and positive momentum signals. Valuation remains mixed/unclear due to a negative P/E and no dividend yield data.
Positive Factors
Gross Margin Strength
A near-50% gross margin indicates the core CETO technology and project work capture substantial value versus direct costs. That margin gives room to cover R&D and G&A as revenues scale, supporting path to durable operating leverage and eventual improvement in operating profit if commercial uptake increases.
Negative Factors
Declining Revenue & Losses
Sustained revenue decline and negative EBIT/net margins show the company has not yet achieved consistent commercial traction. Persistent losses erode equity returns and necessitate external capital to fund operations, making long-term viability dependent on reversing the revenue trend and achieving scalable contracts or recurring sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Gross Margin Strength
A near-50% gross margin indicates the core CETO technology and project work capture substantial value versus direct costs. That margin gives room to cover R&D and G&A as revenues scale, supporting path to durable operating leverage and eventual improvement in operating profit if commercial uptake increases.
Read all positive factors
Carnegie Clean Energy Ltd (CCE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$74.07M
Dividend YieldN/A
Average Volume (3M)139.68K
Price to Earnings (P/E)―
Beta (1Y)-0.21
Revenue Growth16.99%
EPS GrowthN/A
CountryAU
Employees52
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding411,475,000
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
Carnegie Clean Energy’s monetization is primarily tied to developing, deploying, and commercializing its wave energy technology and associated project work. Specific, recurring revenue stream details (e.g., material operating revenue by segment, l...
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
Positive
0.08
Price Trends
0.10
Positive
0.08
Positive
0.08
Positive
Market Momentum
0.03
Negative
60.04
Neutral
76.50
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 0.08 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.10, and below the 200-day MA of 0.08, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 60.04 is Neutral, neither overbought nor oversold. The STOCH value of 76.50 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
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$25.36M | 36.56 | 6.92% | ― | -8.32% | -67.69% | |
54 Neutral | AU$74.07M | -30.06 | -13.64% | ― | 16.99% | ― | |
| ― | AU$20.27M | -0.09 | -31.05% | ― | ― | ― | |
58 Neutral | AU$14.79M | -3.96 | -45.61% | ― | -2.45% | -211.48% | |
56 Neutral | AU$140.64M | -6.40 | -23.79% | ― | ― | 80.88% | |
52 Neutral | AU$78.94M | -7.22 | -108.64% | ― | ― | -63.48% |
* Utilities Sector Average
AU:CCE
Carnegie Clean Energy Ltd
0.18
0.13
239.62%
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Carnegie Clean Energy Ltd Corporate Events
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...
Carnegie Clean Energy advances CETO deployment and MoorPower pilot design
Apr 30, 2026
Carnegie Clean Energy reported continued progress across its CETO and MoorPower wave energy technologies during the quarter ended 31 March 2026. The company is preparing for the deployment of its ACHIEVE CETO unit at Spain’s Biscay Marine En...
Carnegie Advances ACHIEVE CETO Wave Energy Deployment at BiMEP
Apr 30, 2026
Carnegie Clean Energy has reported significant progress on its ACHIEVE Programme, which will deploy a scaled CETO wave energy unit at the Biscay Marine Energy Platform in Spain. The company has shifted key workstreams from procurement into final f...
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.