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Carnegie Clean Energy Ltd (CCE) AI Stock Analysis

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AU:CCE

Carnegie Clean Energy Ltd

(ASX:CCE)

Select Model
Rating:56Neutral
Price Target:AUD 0.22â–²(2.86% Upside)
Action:reiterated
Date:11/13/26

The score is held back primarily by weak financial performance—ongoing losses and inconsistent free cash flow—despite a relatively low-leverage balance sheet and improving operating cash flow. Technical indicators are supportive with strong momentum above key moving averages, but near-overbought readings add risk. Valuation provides limited support given the negative P/E and no dividend yield data.

Positive Factors
Revenue ExpansionThe latest revenue increase indicates improving commercial activity and possible progress toward broader adoption of the company’s renewable energy technologies. If growth can continue from this base, it may support operating leverage and strengthen the long-term path toward a more sustainable business model.
Negative Factors
Persistent Net LossesRecurring net losses show that Carnegie has not yet converted its technology and project activities into dependable earnings. Continued losses can consume equity over time, restrict reinvestment capacity, and make the company more dependent on financing before its business model reaches scale.

Carnegie Clean Energy Ltd (CCE) vs. iShares MSCI Australia ETF (EWA)

-100%0%100%200%300%400%AU:CCE+191.67%EWA+17.50%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
AUD 64.10M
Dividend Yield
―
Average Volume (3M)
327.17K
Price to Earnings (P/E)
-30.0
Beta (1Y)
-0.11
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...

Carnegie Clean Energy Ltd Financial Statement Overview

Summary

Financials are mixed: the balance sheet is relatively conservative with low leverage (supportive), and operating cash flow improved materially in 2025–2026. However, profitability remains the core weakness with persistent net losses, negative gross profit in 2026, and uneven free cash flow (zero in 2026), limiting the score.

Income Statement

18Very Negative

Balance Sheet

64Positive

Cash Flow

46Neutral
Financial statement breakdown
BreakdownTTMJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue453.77K453.77K317.36K346.92K383.74K321.94K
Gross Profit-1.39M-1.39M150.09K194.61K383.74K321.94K
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 Assets23.10M23.10M27.53M22.40M22.49M21.52M
Cash, Cash Equivalents and Short-Term Investments996.35K996.35K2.90M3.73M2.00M4.10M
Total Debt2.57M2.57M5.04M34.22K110.92K167.62K
Total Liabilities4.25M4.25M8.29M1.30M1.26M785.90K
Stockholders Equity18.85M18.85M19.24M21.10M21.22M20.73M
Cash Flow
Free Cash Flow003.47M-1.85M-2.84M-50.86K
Operating Cash Flow2.47M2.47M3.47M-1.83M-1.72M960.54K
Investing Cash Flow-324.08K-324.08K573.96K1.88M-1.12M-1.01M
Financing Cash Flow2.28M2.28M2.08M1.68M745.70K512.38K

Carnegie Clean Energy Ltd Technical Analysis

Technical Analysis SentimentPositive
Last Price0.21

Price Trends

50DMA0.17Positive
100DMA0.19Positive
200DMA0.14Positive

Market Momentum

MACD0.00Negative
RSI69.49Neutral
STOCH93.30Negative

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 0.21 is above the 20-day moving average (MA) of 0.15, above the 50-day MA of 0.17, and above the 200-day MA of 0.14, indicating a bullish trend. The MACD of 0.00 indicates Negative momentum. The RSI at 69.49 is Neutral, neither overbought nor oversold. The STOCH value of 93.30 is Negative, 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

Overall Rating

UnderperformOutperform
Sector (66)

Financial Indicators

AU:CCE against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *66Neutral$17.65B18.105.60%3.62%6.62%11.55%
AU:VPRAU:VPR63NeutralAUD 16.31M9.0112.83%―57.73%30.59%
AU:LPEAU:LPE58NeutralAUD 18.26M8.7324.85%―-1.22%―
AU:CCEAU:CCE56NeutralAUD 81.19M-30.00-14.42%―42.98%-9.38%
AU:JNSAU:JNS44NeutralAUD 129.35M-8.66-718.72%―27.74%49.26%
AU:FHEAU:FHE39UnderperformAUD 217.07M-18.27-6.77%――80.12%
AU:14DAU:14D23UnderperformAUD 21.24M-1.72-138.53%――-29.75%

* Utilities Sector Average

Performance Comparison

0%200%400%AU:CCEAU:JNSAU:LPEAU:FHEAU:14DAU:VPRDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
AU:CCE and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:CCECarnegie Clean Energy Ltd0.210.14183.78%
AU:JNSReNu Energy Limited0.660.48285.29%
AU:LPELocality Planning Energy Holdings Limited0.110.000.00%
AU:FHEFrontier Energy Limited0.19-0.10-34.48%
AU:14D1414 Degrees Ltd.0.030.0012.50%
AU:VPRVolt Power Group Ltd0.10-0.05-33.33%

Carnegie Clean Energy Ltd Corporate Events

Carnegie Advances Offshore Wave-Energy Demonstration

Nov 8, 2026

Carnegie Clean Energy’s ACHIEVE programme centres on an 80 kW, half-scale CETO demonstrator, representing a first-of-a-kind offshore test of its next-generation wave-energy technology. The company is focused on validating the system’s commercial pote...

Carnegie Clean Energy Issues 16.1 Million Unlisted Staff Options

Nov 5, 2026

Carnegie Clean Energy Limited operates in the clean-energy sector, although the release does not specify its primary products, services or market focus. The company issued 16.1 million unlisted staff options on November 5, 2026, under an employee inc...

Carnegie to Brief Investors on CETO Deployment and Commercialisation

Nov 3, 2026

Carnegie Clean Energy develops ocean energy technologies, including its CETO and MoorPower systems, which convert wave energy into electricity. The company focuses on sustainable marine power and uses artificial intelligence and electric machines to...

Carnegie Clean Energy Advances CETO Wave Energy Deployment and Secures Additional Funding

Oct 29, 2026

Carnegie Clean Energy advanced its CETO wave energy technology during the September quarter, completing fabrication of the Buoyant Actuator and progressing power take-off assembly ahead of staged deployment in Spain. The company also continued to exp...

Carnegie Advances ACHIEVE Wave Energy Deployment with CETO Actuator Completion

Oct 28, 2026

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 actuator will...

Carnegie Clean Energy Sets Date for 2026 Annual General Meeting

Oct 22, 2026

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 30 Jun...

Carnegie Clean Energy lodges ASX governance key for 2026

Oct 22, 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

Oct 9, 2026

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 Management...

Carnegie Clean Energy Sets Key Governance Dates for 2026

Oct 1, 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

Sep 22, 2026

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

Sep 4, 2026

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

Aug 27, 2026

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

Aug 27, 2026

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

Aug 26, 2026

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...

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.

Date of analysis: Nov 13, 2026