China Recycling Energy (CREG, Financial) experienced a significant stock movement with a sharp decline of 5.51%. The stock is currently priced at $0.765 per share with a trading volume of 35,514 shares, reflecting a turnover rate of 0.41% and a volatility of 8.12%.
Recent financial reports indicate that CREG achieved no operating revenue and reported a net loss of $409,757, translating to earnings per share of -$0.05. The gross profit was also zero, resulting in a negative price-to-earnings ratio of -5.50. Notably, there are no current institutional ratings for buy, hold, or sell recommendations on this stock.
Within the renewable energy sector, where CREG is categorized, there has been an overall decline of 2.74%. However, specific stocks such as Verde Clean Fuels, Stem, Inc., and Fluence Energy, Inc. have seen notable gains. Other stocks, including Alternus Clean Energy, Inc. and Constellation Energy, showed high activity levels with turnover rates of 13.22%, 3.27%, and 1.15%, respectively. Stocks like Stem, Inc., Advent Technologies, and Verde Clean Fuels exhibited high volatility, with fluctuations of 19.35%, 16.25%, and 15.00%, respectively.
China Recycling Energy, known as Smart Powerr Corp, is a pioneering company in waste energy recovery. It provides energy-saving solutions across various energy-intensive industries in China, utilizing a Build-Operate-Transfer (BOT) model. The company focuses on converting waste pressure, heat, and gas into electricity, primarily serving non-ferrous metal manufacturing facilities by building recovery systems on-site for client-use power generation.
