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

Carnegie Clean Energy

06/05/2025 04:53

** 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;))