What happened to Carnegie Wave Energy?

Carnegie closes choppy half-year with “key progress” on wave power technology. “Key progress was made on the development of Carnegie’s Intelligent Control products, power take-off system and hydrodynamic simulations supporting the advancement of the CETO architecture,” the company said in its interim results statement.

Is Carnegie clean energy a good buy?

PB vs Industry: CCE is good value based on its PB Ratio (1.4x) compared to the AU Renewable Energy industry average (2.6x).

Is Carnegie energy a good investment?

If you are looking for stocks with good return, Carnegie Clean Energy Limited stock can be a bad, high-risk 1-year investment option.

Who owns Carnegie clean energy?

Terry Stinson
Carnegie Clean Energy is currently working on the development of its CETO Wave Energy Technology, which it owns the intellectual property for. The Chairman of Carnegie Clean Energy, Terry Stinson, commented on the company’s improved position, in light of its new debt-free status.

What’s the share price of Carnegie Clean Energy?

Fundamentals Data provided by Morningstar. The Carnegie Clean Energy Ltd (ASX: CCE) share price jumped 14% this morning after it announced it had been selected to… Looking for the mega-trends of the future?

When did Carnegie Wave energy change its name?

Incorporated in WA on 21/05/1987 as Marlin Exploration NL. Name changed to Carnegie Minerals NL on 12/07/1993. Name and status changed to Carnegie Corporation Limited on 01/12/1999. Code changed to Carnegie Wave Energy Limited (CWE) on 11/09/2009.

What’s the cash runway for Carnegie Clean Energy?

Stable Cash Runway: Whilst unprofitable CCE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level. Forecast Cash Runway: CCE is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 4% per year.

Who was the former CEO of Carnegie energy?

Before its financial woes began to bite, Carnegie spent big on senior executives, with former chief executive Michael Ottaviano taking home a pay package of more than $780,000.