Clean Energy Technologies (NASDAQ:CETY) Stock Price Up 5.1% – Time to Buy?

Clean Energy Technologies, Inc. (NASDAQ:CETY)’s stock price rose 5.1% during trading on Monday . The stock traded as high as $0.9898 and last traded at $0.9239. Approximately 21,215 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 44,012 shares. The stock had previously closed at $0.8792.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Clean Energy Technologies in a report on Friday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Clean Energy Technologies Trading Up 5.1%

The stock has a 50 day moving average of $0.82 and a 200-day moving average of $0.81. The company has a market capitalization of $11.24 million, a P/E ratio of -0.61 and a beta of -1.52.

Hedge Funds Weigh In On Clean Energy Technologies

A hedge fund recently bought a new stake in Clean Energy Technologies stock. SG Americas Securities LLC purchased a new position in Clean Energy Technologies, Inc. (NASDAQ:CETY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 44,633 shares of the company’s stock, valued at approximately $32,000. SG Americas Securities LLC owned 0.84% of Clean Energy Technologies at the end of the most recent reporting period. Institutional investors and hedge funds own 0.49% of the company’s stock.

About Clean Energy Technologies

Clean Energy Technologies, Inc (NASDAQ: CETY) is an energy technology company focused on the design, development and operation of renewable natural gas (RNG) systems. By deploying anaerobic digestion solutions, the company captures methane emissions from agricultural and organic waste streams and upgrades it into pipeline-quality RNG. This process not only reduces greenhouse gas emissions but also provides a sustainable energy alternative that can be used in utility gas grids, heavy-duty transportation and industrial applications.

The company offers a turnkey service model that spans project feasibility, engineering, equipment supply, construction management, financing and ongoing operations and maintenance.