Weiss Ratings Reaffirms "Sell (D-)" Rating for CO2 Energy Transition (NASDAQ:NOEM)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D-)" rating for CO2 Energy Transition (NASDAQ:NOEM), indicating concerns about the company's performance.
• The stock price increased slightly by 0.1% to $10.19 during midday trading, with trading volume rising above its average.
• Several institutional investors, including Karpus Management Inc. and Mizuho Securities USA LLC, have recently modified their holdings in CO2 Energy Transition, signaling potential interest in the stock.

CO2 Energy Transition (NASDAQ:NOEM - Get Free Report)'s stock had its "sell (d-)" rating reissued by analysts at Weiss Ratings in a research report issued on Tuesday,Weiss Ratings reports.

CO2 Energy Transition Stock Up 0.1%

Shares of NASDAQ NOEM traded up $0.01 during midday trading on Tuesday, hitting $10.19. The stock had a trading volume of 2,916 shares, compared to its average volume of 2,507. The company's 50-day simple moving average is $10.15 and its 200 day simple moving average is $10.07. CO2 Energy Transition has a fifty-two week low of $9.78 and a fifty-two week high of $10.78.

CO2 Energy Transition (NASDAQ:NOEM - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $0.04 EPS for the quarter.

Institutional Trading of CO2 Energy Transition

A number of institutional investors have recently modified their holdings of the company. Karpus Management Inc. lifted its holdings in shares of CO2 Energy Transition by 8.6% in the second quarter. Karpus Management Inc. now owns 783,521 shares of the company's stock valued at $7,890,000 after purchasing an additional 62,275 shares in the last quarter. Mizuho Securities USA LLC bought a new stake in CO2 Energy Transition during the first quarter worth about $7,562,000. AQR Arbitrage LLC bought a new stake in CO2 Energy Transition during the first quarter worth about $5,853,000. Aristeia Capital L.L.C. bought a new stake in CO2 Energy Transition during the first quarter worth about $5,853,000. Finally, Polar Asset Management Partners Inc. bought a new stake in CO2 Energy Transition during the first quarter worth about $2,877,000.

CO2 Energy Transition Company Profile

CO2 Energy Transition Corp., a Delaware corporation, is a blank check company incorporated on September 30, 2021 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination.

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