Clean Motion AB (CLEMO) AI Stock Analysis

Clean Motion AB

(Nasdaq OMX AB:CLEMO)

Select Model

Rating:40Underperform

Price Target:SEK 0.05▲(0.00% Upside)

Action:downgraded

Date:10/20/26

Low score primarily reflects weak financial performance from ongoing losses and negative cash flows, along with poor valuation due to negative earnings and bearish technical signals from price action below moving averages.

Positive Factors

Conservative leverageLow leverage gives Clean Motion greater balance-sheet flexibility than a highly indebted business, reducing fixed financial obligations and preserving capacity to pursue commercialization. This provides some resilience while the company works toward production scale, although it does not offset current operating losses.

Negative Factors

Sustained unprofitabilityDeeply negative gross profit shows that current revenue does not cover the direct economics of the business, making growth difficult to convert into earnings. Continued operating losses can consume capital and require further funding before the vehicle platform reaches sustainable commercial scale.

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

Market Cap: SEK 8.75M
Dividend Yield: ―
Average Volume (3M): 829.65K
Price to Earnings (P/E): -0.4
Beta (1Y): 0.93
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

Income statement shows persistent losses with negative margins despite revenue growth; balance sheet offers stability via zero debt but negative ROE and declining equity; cash flows remain weak with ongoing negative operating cash flow.

Income Statement

15Very Negative

Balance Sheet

60Neutral

Cash Flow

20Very Negative

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

50DMA0.07Negative

100DMA0.08Negative

200DMA0.10Negative

Market Momentum

MACD-0.00Negative

RSI51.71Neutral

STOCH106.67Negative

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 0.07, and below the 200-day MA of 0.10, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 51.71 is Neutral, neither overbought nor oversold. The STOCH value of 106.67 is Negative, 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	72Outperform	SEK 11.17B	65.47	27.68%	0.59%	40.83%	23.91%
SE:BILI.A	66Neutral	SEK 12.71B	15.36	16.34%	4.23%	0.64%	15.69%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SE:MEKO	53Neutral	SEK 3.92B	30.00	2.14%	5.60%	-0.93%	-50.66%
SE:BULTEN	48Neutral	SEK 1.74B	-1.51	-92.45%	3.31%	-22.17%	-19131.83%
SE:CLEMO	40Underperform	SEK 19.76M	-0.45	―	―	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	0.06	-0.14	-71.50%
SE:MIPS	MIPS AB	421.60	97.01	29.89%
SE:MEKO	Mekonomen AB	69.60	-2.28	-3.17%
SE:BILI.A	Bilia AB Class A	139.60	15.50	12.49%
SE:BULTEN	Bulten AB	83.10	35.10	73.12%
SE:ALIV	Autoliv Inc Shs Swedish DR	1145.00	32.68	2.94%

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