Clean Motion AB (CLEMO) AI Stock Analysis

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Clean Motion AB

(Nasdaq OMX AB:CLEMO)

Select Model

Rating:42Neutral

Price Target:SEK 0.05▲(0.00% Upside)

Action:reiterated

Date:10/20/26

The score is driven primarily by weak financial performance—continued losses, negative gross profit, and ongoing cash burn—only partially offset by relatively low leverage. Technicals add additional pressure as the stock trades below all key moving averages with negative MACD and weak momentum. Valuation is constrained by a negative P/E and no dividend yield support.

Positive Factors

Low-Leverage Balance SheetConservative leverage gives Clean Motion greater financial flexibility than a highly indebted vehicle company. The low debt-to-equity level can reduce refinancing pressure and leave more capacity to support commercialization, partnerships, or operating needs while the business works toward profitability.

Negative Factors

Persistent UnprofitabilityDeeply negative gross profit shows that current vehicle economics are not yet supporting a sustainable operating model. Continued losses can consume equity and restrict investment capacity, making successful production scaling, pricing discipline, and cost improvement essential over the next several quarters.

Clean Motion AB (CLEMO) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 8.23M
Dividend Yield: ―
Average Volume (3M): 822.24K
Price to Earnings (P/E): -0.4
Beta (1Y): 0.94
Revenue Growth: 61.75%
EPS Growth: 36.32%
Country: Sweden
Employees: 14
Sector: General
Sector Strength: 55
Industry: Auto - Manufacturers

Clean Motion AB Business Overview & Revenue Model

Company Description

Headquartered in Lerum, Sweden, Clean Motion AB (publ) is an electric vehicle developer and manufacturer. Since its establishment in 2010, the company has offered the Zbee, a compact, electric three-wheeled vehicle designed for diverse transportation...

How the Company Makes Money

Clean Motion’s primary path to revenue is through commercialization of its electric vehicle platform(s), chiefly EVIG. This typically entails (1) selling vehicles to customers (e.g., fleet operators, delivery/last‑mile operators, or mobility provider...

Clean Motion AB Financial Statement Overview

Summary

Overall fundamentals are weak: the income statement shows materially deteriorated profitability with negative gross profit and continued heavy losses, and cash flow remains negative with ongoing operating cash burn despite some improvement in 2025. The balance sheet is a relative positive due to low leverage, but persistent losses and negative returns on equity are eroding quality.

Income Statement

18Very Negative

Balance Sheet

60Neutral

Cash Flow

22Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.97M	1.84M	1.09M	7.58M	700.00K	2.08M
Gross Profit	-19.70M	-17.99M	-5.69M	8.59M	-1.04M	1.39M
EBITDA	-17.93M	-16.25M	-19.81M	-6.49M	-8.67M	-3.68M
Net Income	-22.24M	-18.50M	-21.08M	-6.89M	-12.61M	-4.08M
Balance Sheet
Total Assets	51.85M	57.83M	59.83M	49.14M	53.83M	51.44M
Cash, Cash Equivalents and Short-Term Investments	641.00K	4.58M	3.18M	871.00K	13.71M	12.37M
Total Debt	1.88M	2.94M	3.00M	3.00M	3.33M	4.48M
Total Liabilities	18.00M	16.09M	9.95M	8.63M	6.62M	6.49M
Stockholders Equity	33.85M	41.73M	50.06M	40.51M	47.22M	44.95M
Cash Flow
Free Cash Flow	0	0	-15.46M	-4.49M	-6.40M	-8.03M
Operating Cash Flow	0	-8.06M	-15.46M	-4.49M	-6.40M	-8.03M
Investing Cash Flow	0	-601.00K	-12.86M	-8.01M	-4.74M	-261.00K
Financing Cash Flow	0	10.06M	30.64M	0	12.48M	20.11M

Clean Motion AB Technical Analysis

Technical Analysis SentimentNegative

Last Price0.05

Price Trends

50DMA0.06Negative

100DMA0.08Negative

200DMA0.10Negative

Market Momentum

MACD-0.00Negative

RSI40.34Neutral

STOCH-0.00Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CLEMO, the sentiment is Negative. The current price of 0.05 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.06, and below the 200-day MA of 0.10, indicating a bearish trend. The MACD of -0.00 indicates Negative momentum. The RSI at 40.34 is Neutral, neither overbought nor oversold. The STOCH value of -0.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:CLEMO.

Clean Motion AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

SE:CLEMO against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:MIPS	78Outperform	SEK 12.45B	72.36	27.68%	0.54%	40.83%	23.91%
SE:BILI.A	66Neutral	SEK 13.63B	16.41	16.34%	3.95%	0.64%	15.69%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SE:MEKO	53Neutral	SEK 4.00B	31.06	2.14%	5.41%	-0.93%	-50.66%
SE:BULTEN	52Neutral	SEK 1.78B	-1.53	-92.45%	―	-22.17%	-19131.83%
SE:CLEMO	42Neutral	SEK 18.02M	-0.42	―	―	61.75%	36.32%

* General Sector Average

Performance Comparison

SE:CLEMO and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:CLEMO	Clean Motion AB	0.05	-0.12	-68.45%
SE:MIPS	MIPS AB	466.00	154.50	49.60%
SE:MEKO	Mekonomen AB	72.05	-5.00	-6.49%
SE:BILI.A	Bilia AB Class A	149.20	28.35	23.46%
SE:BULTEN	Bulten AB	84.30	34.85	70.48%
SE:ALIV	Autoliv Inc Shs Swedish DR	1198.00	67.24	5.95%

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: Oct 20, 2026

Clean Motion AB AI Stock Analysis