Education
About Us
Working with TipRanks
Follow Us
Capital Clean Energy Carriers (CCEC)
NASDAQ:CCEC
RESEARCH TOOLSreports
Top Page
Capital Clean Energy Carriers
(NASDAQ:CCEC)
Rating:75Outperform
Price Target:
$25.00
▲(14.05% Upside)
Positive Factors
EBITDA growth
The accretion from new LNG carriers is set to be the primary driver behind the 37% EBITDA growth forecast.
Fleet expansion
CCEC's fleet evolution is expected to lead to material cash flow acceleration, driving a more robust capital return pace.
Negative Factors
Debt levels
CCEC's total debt to capital ratio is projected to rise to nearly 71% with the delivery of new vessels.
Capital Clean Energy Carriers (CCEC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.25B
Dividend Yield2.74%
Average Volume (3M)62.07K
Price to Earnings (P/E)6.7
Beta (1Y)0.23
Revenue Growth8.01%
EPS GrowthN/A
CountryUS
EmployeesN/A
SectorIndustrials
Sector Strength80
IndustryMarine Shipping
Share Statistics
EPS (TTM)0.51
Shares Outstanding58,717,310
10 Day Avg. Volume12,276
30 Day Avg. Volume62,069
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap2.86
Enterprise Value/Revenue8.44
Enterprise Value/Gross Profit14.39
Enterprise Value/Ebitda10.71
Forecast
1Y Price Target
$27.33Price Target Upside24.68% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
Capital Clean Energy Carriers Business Overview & Revenue Model
Company DescriptionCapital Clean Energy Carriers Corp., a shipping company, provides marine transportation services in Greece. The company's vessels provide a range of cargoes, including liquefied natural gas, containerized goods, and cargo under short-term voyage charters, and medium to long-term time charters. It owns vessels, including Neo-Panamax container vessels, Panamax container vessels, cape-size bulk carrier, and LNG carriers. In addition, the company produces and distributes oil and natural gas, including biofuels, motor oil, lubricants, petrol, crudes, liquefied natural gas, marine fuels, natural gas liquids, and petrochemicals. It serves as the general partner of the company. The company was formerly known as Capital Product Partners L.P. and changed its name to Capital Clean Energy Carriers Corp. in August 2024. Capital Clean Energy Carriers Corp. was incorporated in 2007 and is headquartered in Piraeus, Greece.
How the Company Makes MoneyCCEC generates revenue primarily through its logistics and transportation services for clean energy products, charging fees for the movement and storage of hydrogen and other alternative fuels. Additionally, the company earns income from infrastructure development projects, such as building and maintaining facilities for energy storage and distribution. Strategic partnerships with energy producers, governments, and other stakeholders also contribute to its earnings by facilitating joint ventures, securing contracts for long-term supply agreements, and gaining access to funding for large-scale projects. The growing demand for renewable energy solutions and government incentives for clean energy initiatives further bolster CCEC's revenue streams.
Capital Clean Energy Carriers Earnings Call Summary
Earnings Call Date:Jul 31, 2025
(Q1-2025)
| % Change Since: -5.88%|
Next Earnings Date:Nov 05, 2025
Earnings Call Sentiment Positive
The earnings call reflected a positive outlook with strong financial performance, significant vessel sales, and secured long-term charter agreements. The company's financial position is robust with a solid cash reserve, and long-term charter rates remain stable despite a weak spot market. Challenges include weak spot market rates and potential future impacts from U.S. trade policies. However, these challenges do not currently affect the company's core operations.Q1-2025 Updates
Positive Updates
Significant Net Income and Vessel Sales
Net income from operations amounted to just under $81 million, including a $46.2 million gain from the sale of two container vessels. The company raised a total of $472.2 million in net proceeds from the sale of 12 container vessels.
LNG Carrier Charters Secured
Secured employment for two new LNG carriers for five and seven years respectively, with options to extend each by an additional five years. This increased the charter backlog to $3.1 billion.
Strong Financial Position
Cash position is solid at $420 million, supported by vessel sales. The company has a strong balance sheet with over $420 million in cash and reduced LNG carrier exposure by one-third.
Stable Long-Term Charter Rates
Long-term charter rates remain stable, with rates in the high $80s to low $90s range, reflecting strong demand from 2026 onwards.
Record LNG Vessel Scrapping
Q1 2025 saw the highest number of LNG vessel scrapings ever recorded for a single quarter.
Negative Updates
Weak Spot Market Rates
Spot market rates have been weak, although there has been a recovery with rates increasing by 300% from January to April 2025.
Challenges in U.S. LNG Policies
Potential challenges from U.S. trade policies and tariffs affecting LNG shipments, including proposed port fees and a requirement for U.S.-built LNG carriers by 2029, though expected to have minimal impact currently.
Company Guidance
During the Capital Clean Energy Carriers Corp.'s first quarter 2025 financial results call, several key metrics and developments were highlighted. The company reported a net income from operations of just under $81 million, bolstered by a $46.2 million gain from the sale of two container vessels. In total, CCEC has raised $472.2 million from selling 12 container vessels since December 2023, reallocating this capital towards gas transportation assets. The firm secured employment for two new LNG carriers with five- and seven-year charters, including additional five-year options, enhancing their firm charter backlog to $3.1 billion. The company's average charter duration across the fleet is 7.3 years, with a charter backlog of 91 years or $2.8 billion in contracted revenue for the LNG fleet. CCEC's cash position is strong, with $420 million on hand, and the balance sheet remains solid. The company plans to finance its $2.3 billion newbuilding program with 70% debt for LNG carriers, anticipating an excess equity of $105 million. Additionally, potential impacts from U.S. trade representative fees and tariffs were discussed, with minimal expected effects on CCEC's business model.Capital Clean Energy Carriers Financial Statement Overview
Summary
Capital Clean Energy Carriers demonstrates robust financial performance with strong revenue growth and high margins. The balance sheet is solid, with manageable leverage and strong equity returns, although the equity ratio suggests potential for strengthening asset financing. Cash flow improvements highlight effective cash management, positioning the company well for future growth and stability.Income Statement
Capital Clean Energy Carriers shows strong income statement performance with a robust gross profit margin of 58.65% and a net profit margin of 55.58% for TTM. Revenue growth is impressive at 14.96% year-over-year, indicating a solid upward trajectory. EBIT and EBITDA margins are also high at 54.62% and 78.78%, respectively, showcasing effective cost management and operational efficiency.88
Very Positive
Balance Sheet
The balance sheet reveals a moderate debt-to-equity ratio of 1.77, suggesting reasonable leverage levels for the industry. Return on Equity (ROE) is high at 16.41%, indicating strong profitability relative to shareholder equity. The equity ratio stands at 34.71%, reflecting a stable financial structure, albeit with room for improvement in asset financing.75
Positive
Cash Flow
Cash flow analysis indicates positive developments with a significant turnaround in free cash flow, growing from negative to a positive $56 million. The operating cash flow to net income ratio is 1.09, which is healthy and indicates effective cash generation relative to earnings. The free cash flow to net income ratio, though lower at 0.24, has shown notable improvement, suggesting enhanced cash management.70
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 424.70M | 369.41M | 360.59M | 299.07M | 184.66M | 140.87M |
| Gross Profit | 249.00M | 207.81M | 175.78M | 146.10M | 79.91M | 54.44M |
| EBITDA | 334.53M | 296.46M | 237.16M | 216.70M | 125.47M | 100.34M |
| Net Income | 236.03M | 192.08M | 46.53M | 125.42M | 98.18M | 30.37M |
Balance Sheet | ||||||
| Total Assets | 4.15B | 4.11B | 3.14B | 2.00B | 1.89B | 822.20M |
| Cash, Cash Equivalents and Short-Term Investments | 335.62M | 313.99M | 192.42M | 144.63M | 20.37M | 47.34M |
| Total Debt | 2.55B | 2.58B | 1.78B | 1.29B | 1.31B | 374.32M |
| Total Liabilities | 2.71B | 2.77B | 1.97B | 1.36B | 1.36B | 400.12M |
| Stockholders Equity | 1.44B | 1.24B | 1.16B | 626.01M | 515.00M | 413.26M |
Cash Flow | ||||||
| Free Cash Flow | 56.00M | -960.68M | -282.10M | 26.99M | -263.06M | -109.33M |
| Operating Cash Flow | 257.43M | 240.52M | 185.53M | 168.22M | 105.03M | 75.92M |
| Investing Cash Flow | 99.24M | -753.14M | -447.09M | -14.11M | -175.06M | -185.25M |
| Financing Cash Flow | -99.93M | 644.99M | 307.01M | -30.74M | 46.68M | 100.20M |
Capital Clean Energy Carriers Technical Analysis
Neutral
21.92
Price Trends
22.93
Negative
21.35
Positive
19.83
Positive
Market Momentum
-0.46
Positive
44.56
Neutral
21.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CCEC, the sentiment is Neutral. The current price of 21.92 is below the 20-day moving average (MA) of 22.77, below the 50-day MA of 22.93, and above the 200-day MA of 19.83, indicating a neutral trend. The MACD of -0.46 indicates Positive momentum. The RSI at 44.56 is Neutral, neither overbought nor oversold. The STOCH value of 21.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CCEC.
Capital Clean Energy Carriers Risk Analysis
Capital Clean Energy Carriers disclosed 70 risk factors in its most recent earnings report. Capital Clean Energy Carriers reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Capital Clean Energy Carriers Peers Comparison
Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | $1.35B | 4.77 | 14.61% | 4.16% | -7.24% | -16.39% | |
80 Outperform | $1.70B | 3.82 | 13.38% | 3.69% | 5.63% | -17.54% | |
75 Outperform | $1.25B | 6.69 | 7.30% | 2.74% | 8.01% | ― | |
74 Outperform | $1.26B | 3.91 | 11.19% | 0.46% | 0.28% | -17.08% | |
65 Neutral | $1.60B | 14.08 | 6.06% | 10.03% | -7.73% | -39.13% | |
60 Neutral | C$7.16B | -0.43 | -4.14% | 2.33% | 9.17% | -34.08% | |
60 Neutral | $1.31B | 21.81 | 3.35% | 14.19% | 3.51% | -74.00% |
* Industrials Sector Average
Performance Comparison
CCEC
Capital Clean Energy Carriers
21.92
5.93
37.09%
CMRE
Costamare
11.28
1.43
14.52%
DAC
Danaos
94.10
13.46
16.69%
NMM
Navios Maritime Partners
43.82
-10.84
-19.83%
SFL
SFL Corporation
7.61
-2.73
-26.40%
GOGL
Golden Ocean Group
8.20
-2.99
-26.72%
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.