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Capital Clean Energy Carriers Corp (CCEC) stock reached a notable milestone, hitting a 52-week high of 24.39 USD. With a market capitalization of $1.42 billion and impressive gross profit margins of 81%, this achievement underscores a significant upward trend for the company, reflecting a 52.4% increase over the past year. InvestingPro analysis reveals 17 additional investment insights for this stock. The stock’s performance highlights investor confidence and growing interest in the company’s prospects within the clean energy sector, supported by remarkable revenue growth of 70% in the last twelve months. According to InvestingPro’s Fair Value analysis, the stock appears slightly overvalued at current levels, though it maintains strong momentum with its position as a market contender.
In other recent news, Capital Clean Energy Carriers Corp. (CCEC) has reported impressive first-quarter earnings that exceeded analyst expectations. The company achieved an EBITDA of $86.1 million, surpassing Evercore ISI’s forecast of $83.0 million and the consensus estimate of $81.8 million. Earnings per share were reported at $0.56, significantly higher than the forecasted $0.39 and the Street’s estimate of $0.37. Additionally, CCEC announced it secured long-term contracts for two liquefied natural gas newbuildings, ensuring a steady cash flow. These contracts are part of a strategic move that includes postponing delivery dates for other newbuilds to better align with market conditions. Evercore ISI responded by increasing CCEC’s stock target to $27, maintaining an Outperform rating. Meanwhile, Jefferies also raised its price target for CCEC to $20, while maintaining a Hold rating, highlighting the company’s new charter agreements and increased revenue backlog, which rose to $3.1 billion. CCEC also declared a $0.15 per share dividend, signaling a continuation of its fixed dividend policy.
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