CO2 Energy Transition (NASDAQ:NOEM) Issues Earnings Results

CO2 Energy Transition (NASDAQ:NOEM) posted its quarterly earnings data on Friday. The company reported $0.01 earnings per share (EPS) for the quarter, FiscalAI reports.

CO2 Energy Transition Stock Performance

NASDAQ:NOEM traded down $0.03 during trading hours on Friday, reaching $10.49. The stock had a trading volume of 13 shares, compared to its average volume of 1,046. The stock has a 50 day simple moving average of $10.57 and a 200 day simple moving average of $10.54. CO2 Energy Transition has a 12-month low of $10.21 and a 12-month high of $12.62. The stock has a market cap of $39.02 million, a P/E ratio of 69.94 and a beta of -0.09.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of CO2 Energy Transition from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, September 25th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in CO2 Energy Transition stock. Sona Asset Management US LLC purchased a new position in shares of CO2 Energy Transition Corp. (NASDAQ:NOEM) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 252,019 shares of the company’s stock, valued at approximately $2,613,000. Sona Asset Management US LLC owned 2.63% of CO2 Energy Transition as of its most recent filing with the SEC.

CO2 Energy Transition Company Profile

CO2 Energy Transition Corp. (NASDAQ: NOEM) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with a company involved in the energy transition. Rather than operating an established commercial business, the company was created to pursue a merger, share exchange, asset acquisition, or similar transaction. Its stated focus is on businesses supporting decarbonization and the transition toward lower-carbon energy systems. Potential areas of interest may include renewable energy, clean fuels, energy efficiency, electrification, carbon reduction technologies, and related infrastructure, although the company’s specific target and operating activities depend on any transaction it completes.