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Carnegie Clean Energy Ltd (CCE) AI Stock Analysis
Carnegie Clean Energy Ltd
(ASX:CCE)
The overall score is very low, reflecting a high-risk, early-stage company. The most significant factor is the fundamental lack of profitability and deeply negative margins, which is compounded by bearish technical momentum. The company's only notable strength is a solid balance sheet with low debt, but this is being eroded by ongoing operating losses and provides only a temporary buffer rather than a path to value creation.
Carnegie Clean Energy Ltd (CCE) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 45.55M
- Dividend Yield
- ―
- Average Volume (3M)
- 368.93K
- Price to Earnings (P/E)
- -20.7
- Beta (1Y)
- -0.10
- Revenue Growth
- 42.98%
- EPS Growth
- -9.38%
- Country
- Australia
- Employees
- 52
- Sector
- Utilities
- Sector Strength
- 66
- Industry
- Renewable Utilities
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, zer...
How the Company Makes Money
CCE’s monetisation has primarily come from delivering clean-energy projects and services rather than from large-scale recurring generation income. Key revenue streams include: - Project development and delivery: Revenue can be generated by designing,...
Carnegie Clean Energy Ltd Financial Statement Overview
Summary
Financial performance is weak, driven by persistent and growing net losses despite a recent revenue surge. The income statement is deeply negative, and cash flow is volatile with zero free cash flow. The balance sheet is the only relative strength, providing a low-leverage runway, but return on equity is deteriorating.
Income Statement
18Very NegativeBalance Sheet
65PositiveCash Flow
45Neutral| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 453.77K | 453.77K | 317.36K | 346.92K | 383.74K | 321.94K |
| Gross Profit | -1.39M | -1.39M | 150.09K | 194.61K | 383.74K | 321.94K |
| EBITDA | -1.74M | -1.74M | -1.52M | -1.99M | -176.07K | -2.00M |
| Net Income | -2.77M | -2.77M | -2.33M | -2.32M | -630.00K | -1.93M |
Balance Sheet | ||||||
| Total Assets | 23.10M | 23.10M | 27.53M | 22.40M | 22.49M | 21.52M |
| Cash, Cash Equivalents and Short-Term Investments | 996.35K | 996.35K | 2.90M | 3.73M | 2.00M | 4.10M |
| Total Debt | 2.57M | 2.57M | 5.04M | 34.22K | 110.92K | 167.62K |
| Total Liabilities | 4.25M | 4.25M | 8.29M | 1.30M | 1.26M | 785.90K |
| Stockholders Equity | 18.85M | 18.85M | 19.24M | 21.10M | 21.22M | 20.73M |
Cash Flow | ||||||
| Free Cash Flow | 0 | 0 | 3.47M | -1.85M | -2.84M | -50.86K |
| Operating Cash Flow | 2.47M | 2.47M | 3.47M | -1.83M | -1.72M | 960.54K |
| Investing Cash Flow | -324.08K | -324.08K | 573.96K | 1.88M | -1.12M | -1.01M |
| Financing Cash Flow | 2.28M | 2.28M | 2.08M | 1.68M | 745.70K | 512.38K |
Carnegie Clean Energy Ltd Technical Analysis
Price Trends
Market Momentum
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 0.14 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.18, and above the 200-day MA of 0.13, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 40.32 is Neutral, neither overbought nor oversold. The STOCH value of 49.01 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
AU:VPR62.5Neutral
AU:LPE61Neutral
AU:JNS44Neutral- AU:CCE40Underperform
AU:14D38Underperform
AU:FHE33Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 66Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% |
| AU:VPR | 63Neutral | AUD 17.12M | 9.46 | 12.83% | ― | 57.73% | 30.59% |
| AU:LPE | 61Neutral | AUD 18.26M | 7.94 | 24.85% | ― | -1.22% | ― |
| AU:JNS | 44Neutral | AUD 90.64M | -6.35 | -718.72% | ― | 27.74% | 49.26% |
| AU:CCE | 40Underperform | AUD 61.96M | -20.71 | -14.42% | ― | 42.98% | -9.38% |
| AU:14D | 38Underperform | AUD 20.97M | -1.85 | -138.53% | ― | ― | -29.75% |
| AU:FHE | 33Underperform | AUD 200.26M | -17.31 | -6.77% | ― | ― | 80.12% |
* Utilities Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:CCE | Carnegie Clean Energy Ltd | 0.14 | 0.07 | 90.79% | |
| AU:JNS | ReNu Energy Limited | 0.48 | 0.31 | 182.35% | |
| AU:LPE | Locality Planning Energy Holdings Limited | 0.10 | -0.02 | -16.67% | |
| AU:FHE | Frontier Energy Limited | 0.18 | -0.12 | -40.00% | |
| AU:14D | 1414 Degrees Ltd. | 0.03 | -0.00 | -3.33% | |
| AU:VPR | Volt Power Group Ltd | 0.10 | -0.04 | -27.59% |
Carnegie Clean Energy Ltd Corporate Events
Carnegie Advances ACHIEVE Wave Energy Deployment with CETO Actuator Completion
Carnegie Clean Energy has completed fabrication of the CETO Buoyant Actuator for its ACHIEVE Programme, marking a key milestone in the development of its wave energy converter. Built using a modular design in Spain’s Basque Country, the actuato...
Carnegie Clean Energy Sets Date for 2026 Annual General Meeting
Carnegie Clean Energy Ltd has called its annual general meeting for shareholders to be held on 24 November 2026 at the Swan Yacht Club in East Fremantle, Western Australia. The meeting will review the company’s annual report for the year ended...
Carnegie Clean Energy lodges ASX governance key for 2026
Carnegie Clean Energy has lodged its Appendix 4G with the ASX for the year ended 30 June 2026, confirming that its corporate governance statement is published on its website and current as of 5 October 2026. The filing, authorised by the company secr...
Carnegie Director Trims Indirect Stake but Retains Significant Holding
Carnegie Clean Energy Ltd has reported a change in the interests of director Anthony Shields, reflecting an on‑market disposal of ordinary shares held through associated entities Asymmetric Credit Partners Pty Ltd and Asymmetric Investment Mana...
Carnegie Clean Energy Sets Key Governance Dates for 2026
Carnegie Clean Energy has released its indicative corporate calendar for the remainder of 2026, setting out key governance dates for investors and stakeholders. The company plans to close nominations for new directors on 8 October 2026 and will issue...
Carnegie advances ACHIEVE wave energy deployment at BiMEP
Carnegie Clean Energy has reported progress on its ACHIEVE Programme, which supports the grid-connected deployment of its CETO wave energy technology at the Biscay Marine Energy Platform in Spain. The initiative marks a key step in translating three...
Carnegie Backs Launch of US PacWave South Wave Energy Test Site
Carnegie Clean Energy has welcomed the opening of the PacWave South wave energy testing facility off the coast of Oregon, a pre-permitted, grid-connected open-ocean site dedicated to utility-scale wave power. The facility, one of only a handful globa...
Carnegie Clean Energy Posts Loss but Boosts CETO IP Value and Funding for Wave Energy Push
Carnegie Clean Energy reported a net loss of $2.77 million for the year ended 30 June 2026 despite a 50.1% increase in revenue to $608,635, largely driven by electricity sales from the Garden Island Micro Grid. The directors confirmed no dividends we...
Carnegie Clean Energy Issues 5 Million New Unquoted Options
Carnegie Clean Energy Ltd has notified the market of the issue of 5,000,000 unquoted options, each expiring on 14 July 2029 with an exercise price of $0.27. The options, recorded under ASX security code CCEAG, represent a new tranche of equity-linked...
Carnegie Clean Energy Lifts ACHIEVE Loan Facility to $3.5m
Carnegie Clean Energy has expanded its loan agreement with Ballamena Pty Ltd, increasing the total commitment by $1 million to $3.5 million to ease cashflow pressures tied to its ACHIEVE Programme. The facility, carrying 15% annual interest and matur...
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 23, 2026