China Recycling Energy Corporation (CREG, Financial) experienced a significant stock movement, with its shares dropping by 5.69%. The current share price is $0.680, with a trading volume of 5,445 shares and a turnover rate of 0.06%. The stock's amplitude stands at 2.94%.
Recent financial reports reveal that CREG reported zero revenue and a net loss of $409,757, resulting in an earnings per share of -$0.05. The gross profit was also zero, with a price-to-earnings ratio of -5.21. Currently, no institutional ratings or recommendations are available for this stock.
CREG operates in the renewable energy sector, which collectively saw a decline of 1.72%. In contrast, some related stocks like Eco Wave Power Global Ab and Energy Vault Holdings, Inc. recorded significant gains. Active stocks included Eco Wave Power Global Ab, Alternus Clean Energy, Inc., and Stem, Inc., with turnover rates of 10.00%, 9.80%, and 4.85% respectively. Stocks with notable amplitude included Eco Wave Power Global Ab at 36.43%, Alternus Clean Energy, Inc. at 25.91%, and Energy Vault Holdings, Inc. at 19.06%.
Smart Powerr Corp, operating under the CREG ticker, is a pioneer in waste energy recovery, offering energy-saving solutions to various energy-intensive industries in China. The company follows a build-operate-transfer (BOT) model, creating energy-saving and recovery facilities for its clients. Their waste energy recovery projects allow high-consumption clients to generate electricity from previously wasted pressure, heat, and gases during manufacturing processes, primarily serving non-ferrous metal plants in China.
