CN Energy Group. Inc. (CNEY) AI Stock Analysis

CN Energy Group, Inc. specializes in the production and distribution of wood-based activated carbon within China. Its activated carbon products are utilized across diverse industries, including pharmaceutical manufacturing, industrial production, water purification, environmental protection, and food and beverage processing. The material plays a key role in filtration and purification processes. Additionally, the company generates and supplies biomass electricity, contributing to renewable energy solutions. Established in 2018 and headquartered in Lishui, China, the company operates with 25 employees to combine activated carbon manufacturing with renewable energy generation.

Revenue expanded from $19.8M in FY2021 to a peak of $57.9M in FY2023 before contracting to $51.0M in FY2024 and falling 30.2% to $35.6M in FY2025. Operating margins dropped from 2.9% in FY2021 to -30.9% in FY2025, with net income shifting from $1.3M to -$11.1M. Over the 5-year period from FY2020 to FY2025, revenue grew at a CAGR of 23.3%. For the trailing twelve months, revenue reached $36.9M, but operating margin was -190.4% and EPS stood at -$42.07. In the quarter ended June 30, 2026, quarterly revenue increased 8.2% year-over-year, and quarterly earnings grew 76.7%.

As of June 30, 2026, CN Energy Group held $5.7M in cash and short-term investments against total debt of $8.0M, resulting in net debt of $2.3M. The company reported shareholders' equity of $58.1M and total assets of $67.8M. Liquidity showed a current ratio of 2.77 and a debt-to-equity ratio of 0.14. Free cash flow was -$2.0M in FY2025, matching operating cash flow of -$2.0M, while capital expenditures totaled $3. Over the past five years, the company's share count increased by 25886.0%.

CNEY traded at $0.41 on October 16, 2026, giving it a market cap of $2.3M and an enterprise value of $11.1M. The stock trades at a price-to-sales ratio of 0.1x and an EV/EBITDA multiple of 0.1x, below the median of its US-listed Basic Materials peers at 1.8x and 10.5x, respectively. The stock's price is 43.3% below its 200-day average. Over the past year, CNEY declined 80.0%, trailing the S&P 500 (SPY) return of 16.8%, and over five years the stock returned -100.0% compared to 83.0% for SPY.

Wall Street analyst coverage details, including consensus ratings, price targets, and future earnings estimates, are not provided for CN Energy Group. Over the past four quarters, the company recorded 3 EPS beats relative to expectations. In the trailing twelve months ending June 30, 2026, the company generated an EPS of -$42.07 with quarterly earnings growth of 76.7% year-over-year. Institutional investors held 0.6% of the company's shares, while insider ownership stood at 0.0%, and short interest represented 3.5% of the float.

This page is an AI-written research summary of CN Energy Group. Inc. (CNEY). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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