Recent Insider Transactions • Jul 09
Independent Non-Executive Chairman recently sold €121k worth of stock On the 7th of July, Anthony Shields sold around 923k shares on-market at roughly €0.13 per share. This transaction amounted to 5.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Anthony's only on-market trade for the last 12 months. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. Independent Non-Executive Chairman Anthony Shields was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Sep 29
Carnegie Clean Energy Limited, Annual General Meeting, Nov 18, 2025 Carnegie Clean Energy Limited, Annual General Meeting, Nov 18, 2025. Duyuru • Aug 12
Carnegie Clean Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 6.262079 million. Carnegie Clean Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 6.262079 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 109,861,041
Price\Range: AUD 0.057 Duyuru • Feb 05
Carnegie Clean Energy Limited Announces Board Changes Carnegie Clean Energy Limited announced that changes to its Board of Directors effective February 5, 2025. Mr. Terry Stinson, Non-Executive Chairman has retired as Chairman and Director. Mr. Anthony Shields, currently a Non-Executive Director, will assume the role of Non- Executive Chairman. Mr. Stinson has served as Chairman of Carnegie since 2017 and has provided invaluable leadership and guidance during his tenure. The Board expresses its sincere appreciation for his dedication and significant contributions to the Company's progress. New Risk • Jan 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (AU$347k revenue, or US$213k). Market cap is less than US$10m (€7.69m market cap, or US$7.88m). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Board Change • Dec 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Anthony Shields was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Sep 27
Carnegie Clean Energy Limited, Annual General Meeting, Nov 19, 2024 Carnegie Clean Energy Limited, Annual General Meeting, Nov 19, 2024. New Risk • Sep 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Revenue is less than US$1m (AU$347k revenue, or US$232k). Market cap is less than US$10m (€8.43m market cap, or US$9.29m). Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding). Reported Earnings • Aug 28
Full year 2024 earnings released: AU$0.007 loss per share (vs AU$0.002 loss in FY 2023) Full year 2024 results: AU$0.007 loss per share (further deteriorated from AU$0.002 loss in FY 2023). Net loss: AU$2.32m (loss widened 268% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 41% per year, which means it is performing significantly worse than earnings. New Risk • Jul 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$210k revenue, or US$141k). Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (€9.34m market cap, or US$10.1m). New Risk • May 31
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Revenue is less than US$1m (AU$210k revenue, or US$139k). Market cap is less than US$10m (€7.67m market cap, or US$8.31m). Duyuru • May 28
Carnegie Clean Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 3.754242 million. Carnegie Clean Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 3.754242 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 93,856,041
Price\Range: AUD 0.04 New Risk • Dec 11
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.17m (US$9.85m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.8m free cash flow). Share price has been highly volatile over the past 3 months (33% average weekly change). Revenue is less than US$1m (AU$384k revenue, or US$252k). Market cap is less than US$10m (€9.17m market cap, or US$9.85m). Duyuru • Sep 26
Carnegie Clean Energy Limited, Annual General Meeting, Nov 14, 2023 Carnegie Clean Energy Limited, Annual General Meeting, Nov 14, 2023. Reported Earnings • Sep 17
Full year 2023 earnings released: EPS: AU$0 (vs AU$0 in FY 2022) Full year 2023 results: EPS: AU$0 (in line with FY 2022). Net loss: AU$630.4k (loss narrowed 73% from FY 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 18
First half 2023 earnings released: AU$0.005 loss per share (vs AU$0.008 loss in 1H 2022) First half 2023 results: AU$0.005 loss per share (improved from AU$0.008 loss in 1H 2022). Net loss: AU$775.4k (loss narrowed 35% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Board Change • Dec 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Anthony Shields was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 26
Full year 2022 earnings released: EPS: AU$0 (vs AU$0 in FY 2021) Full year 2022 results: EPS: AU$0 (vs AU$0 in FY 2021). Net loss: AU$2.29m (loss widened 176% from FY 2021). Recent Insider Transactions • May 13
Non-Executive Director recently sold €1.1m worth of stock On the 11th of May, Michael Fitzpatrick sold around 563m shares on-market at roughly €0.002 per share. In the last 3 months, they made an even bigger sale worth €2.0m. Insiders have been net sellers, collectively disposing of €3.1m more than they bought in the last 12 months. 
