Carnegie Clean Energy Ltd (AU:CCE)
ASX:CCE
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Carnegie Clean Energy Ltd
(Sydney:CCE)
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Rating:49Neutral
Price Target:
AU$0.08
▼(-1.25% Downside)
Action:Reiterated
Date:05/21/26
The score is held down primarily by weak financial performance (declining revenue, ongoing losses, and deteriorating free cash flow). Technicals provide some support with price above major moving averages and a positive MACD, but the extremely overbought RSI raises near-term risk. Valuation is unattractive/unsupported due to negative earnings (negative P/E) and no dividend yield data.
Positive Factors
Gross margin strength
A near-50% gross margin indicates the core technology and project work retain healthy unit economics. That margin provides a structural buffer to absorb operating losses while the firm pursues commercialization, helping sustain R&D and deployment efforts over months.
Negative Factors
Declining revenue and negative profitability
A falling top line combined with negative net profit and EBIT margins signals the business is not yet scaling commercially. Persistent revenue decline constrains ability to cover fixed costs and delays path to sustainable profits, stressing long-term commercialization plans.
Read all positive and negative factors
Positive Factors
Negative Factors
Gross margin strength
A near-50% gross margin indicates the core technology and project work retain healthy unit economics. That margin provides a structural buffer to absorb operating losses while the firm pursues commercialization, helping sustain R&D and deployment efforts over months.
Read all positive factors
Carnegie Clean Energy Ltd (CCE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$32.21M
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 Outstanding407,727,480
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 Ltd (CCE) is an Australian renewable energy company focused on delivering innovative and sustainable energy solutions. The company specializes in wave energy technology, solar energy systems, and energy storage solutions. CCE...
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
0.06
Positive
0.06
Positive
0.07
Positive
Market Momentum
<0.01
Negative
59.78
Neutral
54.89
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 above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.06, and above the 200-day MA of 0.07, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 59.78 is Neutral, neither overbought nor oversold. The STOCH value of 54.89 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$26.18M | 4.98 | 6.92% | ― | -8.32% | -67.69% | |
49 Neutral | AU$32.21M | -3.24 | -13.64% | ― | 16.99% | ― | |
| ― | AU$24.61M | 0.07 | -31.05% | ― | ― | ― | |
58 Neutral | AU$16.25M | 3.47 | -45.61% | ― | -2.45% | -211.48% | |
56 Neutral | AU$154.71M | -8.64 | -23.79% | ― | ― | 80.88% | |
49 Neutral | AU$36.19M | -0.61 | -108.64% | ― | ― | -63.48% |
* Utilities Sector Average
AU:CCE
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0.08
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Carnegie Clean Energy Ltd Corporate Events
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...
Carnegie Clean Energy Secures $568,630 R&D Tax Rebate to Advance Wave Power Technologies
Mar 9, 2026
Carnegie Clean Energy has received a Research and Development Tax Incentive cash rebate of $568,630 from the Australian Tax Office for the financial year ended 30 June 2025. The rebate reflects eligible research and development expenditure incurre...
Carnegie Clean Energy Narrows Half-Year Loss as Revenue Rises from Microgrid Operations
Feb 25, 2026
Carnegie Clean Energy reported a 45.4% increase in revenue from ordinary activities to $270,483 for the half-year ended 31 December 2025, driven primarily by income from the Garden Island Micro Grid. Despite the higher revenue and capitalisation o...
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.