CO2 Energy Transition (NASDAQ:NOEM) Issues Earnings Results

CO2 Energy Transition (NASDAQ:NOEMGet Free Report) announced its quarterly earnings results on Thursday. The company reported $0.03 earnings per share for the quarter, FiscalAI reports.

CO2 Energy Transition Trading Down 0.1%

NASDAQ:NOEM traded down $0.01 on Friday, reaching $10.43. The stock had a trading volume of 7,968 shares, compared to its average volume of 4,883. The company has a 50-day moving average of $10.39 and a 200 day moving average of $10.34. The stock has a market cap of $99.99 million, a P/E ratio of 80.20 and a beta of 0.02. CO2 Energy Transition has a 12-month low of $9.97 and a 12-month high of $10.50.

Hedge Funds Weigh In On CO2 Energy Transition

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sona Asset Management US LLC purchased a new position in CO2 Energy Transition in the 1st quarter valued at about $2,613,000. Toronto Dominion Bank boosted its position in CO2 Energy Transition by 59.1% in the 4th quarter. Toronto Dominion Bank now owns 511,082 shares of the company’s stock valued at $5,259,000 after buying an additional 189,784 shares during the last quarter. Clear Street Group Inc. boosted its position in CO2 Energy Transition by 96.5% in the 4th quarter. Clear Street Group Inc. now owns 21,139 shares of the company’s stock valued at $218,000 after buying an additional 10,381 shares during the last quarter. L1 Global Manager Pty Ltd purchased a new position in CO2 Energy Transition in the 4th quarter valued at about $1,441,000. Finally, Wolverine Asset Management LLC boosted its position in CO2 Energy Transition by 30.9% in the 4th quarter. Wolverine Asset Management LLC now owns 72,779 shares of the company’s stock valued at $749,000 after buying an additional 17,196 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of CO2 Energy Transition in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Read Our Latest Stock Report on CO2 Energy Transition

CO2 Energy Transition Company Profile

(Get Free Report)

CO2 Energy Transition, Inc is a special purpose acquisition company organized under the laws of the State of Delaware. Listed on the NASDAQ under the ticker symbol NOEM, the company’s mission is to identify, acquire, and merge with one or more businesses operating in the climate technology and energy transition sectors. By targeting companies at the forefront of decarbonization, CO2 Energy Transition seeks to position itself as a strategic partner in the development and commercialization of solutions that reduce greenhouse gas emissions.

Although the company has not yet announced a definitive business combination, its investment mandate encompasses a broad range of activities within the clean energy ecosystem.

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