CO2 Energy Transition (NASDAQ:NOEM) Posts Earnings Results

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

CO2 Energy Transition Stock Performance

Shares of NOEM stock traded up $0.12 on Friday, hitting $10.81. The company had a trading volume of 1,189 shares, compared to its average volume of 9,100. CO2 Energy Transition has a twelve month low of $10.08 and a twelve month high of $12.62. The firm has a market cap of $103.72 million, a P/E ratio of 67.60 and a beta of -0.05. The stock’s 50-day moving average is $10.68 and its two-hundred day moving average is $10.49.

Institutional Trading of CO2 Energy Transition

Large investors have recently bought and sold shares of the business. Flow Traders U.S. LLC grew its stake in CO2 Energy Transition by 11.9% during the third quarter. Flow Traders U.S. LLC now owns 14,829 shares of the company’s stock worth $151,000 after purchasing an additional 1,578 shares during the period. Clear Street Group Inc. grew its holdings in CO2 Energy Transition by 96.5% during the fourth quarter. Clear Street Group Inc. now owns 21,139 shares of the company’s stock worth $218,000 after buying an additional 10,381 shares in the last quarter. Wolverine Asset Management LLC lifted its position in shares of CO2 Energy Transition by 30.9% during the fourth quarter. Wolverine Asset Management LLC now owns 72,779 shares of the company’s stock valued at $749,000 after purchasing an additional 17,196 shares in the last quarter. L1 Global Manager Pty Ltd bought a new position in shares of CO2 Energy Transition during the fourth quarter valued at about $1,441,000. Finally, Sona Asset Management US LLC purchased a new position in CO2 Energy Transition during the first quarter worth about $2,613,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of CO2 Energy Transition from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

CO2 Energy Transition Company Profile

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.