China Recycling Energy (CREG, Financial) experienced a significant stock price drop of 6.39%. The current trading price is $0.730 per share, with a trading volume of 19,133 shares, a turnover rate of 0.22%, and a price fluctuation of 6.82%.
Recent financial reports indicate that China Recycling Energy reported zero revenue and a net loss of $409,757, resulting in an earnings per share of -$0.05. The company's gross profit stood at $0, and it reported a negative price-to-earnings (P/E) ratio of -5.33. As of now, no institutional ratings such as "buy," "hold," or "sell" have been issued for this stock.
Within the renewable energy sector, where China Recycling Energy operates, the overall market showed a slight increase of 0.49%. Notable performers include Advent Technologies Holdings, Inc., and Clearway Energy, Inc., which registered substantial gains. Meanwhile, Advent Technologies Holdings, Inc., Stem, Inc., and Alternus Clean Energy, Inc. were particularly active, with turnover rates of 15.13%, 5.42%, and 1.71% respectively. Stocks with significant price fluctuations include Stem, Inc., Advent Technologies Holdings, Inc., and Eco Wave Power Global Ab, with amplitudes of 24.30%, 17.99%, and 15.30% respectively.
China Recycling Energy, also known as Smart Powerr Corp, specializes in waste energy recovery. It provides energy-saving solutions to various energy-intensive industries in China using a Build-Operate-Transfer (BOT) model. The company's projects allow energy-intensive customers to reclaim previously wasted pressure, heat, and gases to generate electricity, primarily targeting non-ferrous metal plants.
