China Recycling Energy Corporation (CREG, Financial) saw a significant stock price movement with a 5.39% increase. The share price reached $0.720 with a trading volume of 24,668 shares, a turnover rate of 0.28%, and a 7.32% amplitude.
Recent financial reports indicate zero revenue with a net loss of $409,757. The earnings per share stand at -$0.05, and the gross profit remains zero, leading to a price-to-earnings ratio of -5.00. Currently, no institutional ratings are available regarding buying, holding, or selling the stock.
Within the renewable energy sector where CREG operates, a general increase of 0.70% was observed. Notably, stocks like Alternus Clean Energy, Inc. and Eco Wave Power Global AB experienced significant gains. High turnover rates were recorded for Alternus Clean Energy, Inc. at 32.78% and Stem, Inc. at 6.64%. Stocks with high amplitude include Alternus Clean Energy, Inc. at 41.52% and Fusion Fuel Green Limited at 24.25%.
China Recycling Energy Corporation, also known as Smart Powerr Corp, is a pioneer in waste energy recovery. The company implements energy-saving solutions across various energy-intensive industries in China using a Build-Operate-Transfer (BOT) model. Their waste energy recovery projects allow clients to generate electricity by reclaiming previously wasted pressure, heat, and gas during the manufacturing process.
