BUZZ-Australia's Carnegie Clean Energy rises on MoU to expand wave energy project

Reuters
06 May
BUZZ-Australia's Carnegie Clean Energy rises on MoU to expand wave energy project

** Shares of Carnegie Clean Energy CCE.AX rise as much as 8.1% to A$0.04, their highest level since February 14

** Stock heads for biggest daily pct rise since April 10, if gains hold

** Ocean energy technology-focused developer signs MoU with Chugachmiut, Alaska Native tribal consortium and non-profit agency to explore the development of CETO projects in the Chugach Region of Southcentral Alaska

** CETO is wave-energy technology - converting energy in ocean waves into electricity

** About 353,921 shares change hands vs the 30-day average of 123,337

** Stock up 11.1% YTD

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.kumar@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10