Climeon AB (publ) (CLMOF)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Climeon AB (publ) (CLMOF) trades at $0.24 with AI Score 38/100 (Grade D). Climeon AB (publ) is a Swedish clean energy technology company specializing in heat-to-power systems that convert low-grade thermal sources into electricity. Market cap: $4.23M, Sector: Utilities.
Price live · AI analysis from Jun 14, 2026Analyst Coverage for CLMOF: CLMOF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates CLMOF against Utilities peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
CLMOF: 1/1 perspectives are bearish.
How is this calculated? →Climeon AB (publ) (CLMOF) Utility Operations & Dividend Profile
Climeon AB (publ) is a Swedish clean energy technology firm established in 2011, developing heat-to-power systems that convert low-grade thermal energy from sources like geothermal and industrial waste into electricity. The company's innovative Heat Power System and Climeon Live platform serve diverse sectors, including geothermal, industrial processing, oil and gas, and maritime across Europe and Asia.
What Is the Investment Thesis for CLMOF?
Climeon AB (publ) operates within the growing sustainable energy sector, specializing in heat-to-power technology that converts low-grade thermal energy into electricity. The core investment thesis centers on the increasing global demand for sustainable energy solutions and industrial efficiency, where Climeon's Heat Power System offers a unique value proposition for waste heat recovery and geothermal applications. The company's proprietary technology and the Climeon Live platform provide a comprehensive solution for clients in geothermal, industrial, oil and gas, and maritime sectors. However, the company's financial profile, characterized by a -835.2% Profit Margin and -879.2% Gross Margin, indicates significant operational challenges and a capital-intensive business model, which necessitate substantial project execution and cost management improvements. The high Beta of 2.06 suggests considerable price volatility relative to the broader market. Investors should monitor the company's ability to secure and successfully execute new projects, demonstrate progress towards profitability, and navigate the competitive landscape in renewable energy, as these factors will be critical drivers of future value.
Based on FMP financials and quantitative analysis
CLMOF Key Highlights
- Climeon AB (publ) maintains a market capitalization of $4.23M, reflecting its early-stage or small-cap status within the renewable utilities sector.
- The company reported a Profit Margin of -835.2%, indicating significant unprofitability and substantial operating losses relative to its revenue.
- A Gross Margin of -879.2% highlights that the cost of goods sold far exceeds revenue, suggesting challenges in production efficiency or pricing strategy.
- Climeon's Beta stands at 2.06, signifying that its stock price is considerably more volatile than the overall market, with higher sensitivity to market fluctuations.
- The company does not currently offer a dividend, consistent with many growth-oriented or early-stage technology companies focused on reinvesting capital.
Who Are CLMOF's Competitors?
CLMOF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| SVMRF Magnora ASA | $2.25 | +0.00% | $162.57M | 70 |
| ENLT Enlight Renewable Energy Ltd | $89.56 | +6.29% | $12.52B | 67 |
| ATRWF Altius Renewable Royalties Corp. | $8.50 | +0.00% | $262.46M | 64 |
| TDWRF Tidewater Renewables Ltd. | $9.00 | +0.00% | $328.72M | 60 |
| FSGCY First Gen Corporation | $5.35 | +0.00% | $962.08M | 48 |
| INGXF Innergex Renewable Energy Inc. | $10.11 | +0.69% | $2.04B | 48 |
| EPWDF Electric Power Development Co., Ltd. | $21.31 | +38.47% | $3.75B | 49 |
| AXIA AXIA Energia S.A. | $10.37 | -0.14% | $23.31B | 49 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are CLMOF's Key Strengths?
- Proprietary Heat Power System technology for efficient low-grade heat conversion.
- Climeon Live cloud-native platform for remote monitoring and management.
- Diverse application across geothermal, industrial, oil & gas, and maritime sectors.
- Established presence in Europe and Asia.
What Are CLMOF's Weaknesses?
- Significantly negative Profit Margin and Gross Margin, indicating unprofitability.
- Capital-intensive business model requiring substantial project investment.
- Relatively small employee base (35 employees) for global operations.
- High stock price volatility indicated by a Beta of 2.06.
What Could Drive CLMOF Stock Higher?
- Securing and announcing new significant projects in the geothermal or industrial waste heat recovery sectors, demonstrating market acceptance and scaling capabilities.
- Expansion into new geographic markets within Europe or Asia, potentially through strategic partnerships or increased sales efforts, broadening the company's operational footprint.
- Increasing global demand for sustainable energy solutions and industrial efficiency, creating a favorable market environment for Climeon's heat-to-power technology.
- Further development and widespread adoption of the Climeon Live cloud-native platform, potentially leading to increased recurring revenue streams and enhanced customer engagement.
- Demonstrable progress towards improved financial metrics, such as reduced negative profit and gross margins, indicating enhanced operational efficiency or successful project execution.
What Are the Key Risks for CLMOF?
- Financial-distress signal — its Altman Z-Score of -8.21 sits in the distress zone (elevated bankruptcy risk).
- Negative return on equity (-57.9%) — the business is not currently generating profit on shareholder capital.
- Weak fundamentals — a Piotroski F-Score of 1/9 flags soft profitability, leverage or efficiency.
- The capital-intensive nature of energy projects poses a continuous risk, requiring significant upfront investment and robust financing capabilities to secure and execute new contracts.
- Intense competition within the renewable energy sector, particularly from established players and emerging technologies, could limit market share and pricing power for Climeon.
- The company's significantly negative Profit Margin (-835.2%) and Gross Margin (-879.2%) indicate substantial operational challenges and a lack of profitability, raising concerns about long-term financial viability.
- An evolving regulatory landscape for clean energy technologies could introduce new compliance costs, alter market incentives, or impact project feasibility in key operational regions.
- High stock price volatility, as indicated by a Beta of 2.06, exposes investors to greater market risk and potential for significant share price fluctuations.
What Are the Growth Opportunities for CLMOF?
- Growth opportunity 1: Expanding into the industrial waste heat recovery market presents a significant avenue for Climeon. Many industrial processes, from steel manufacturing to chemical production, generate substantial amounts of low-grade waste heat that is often vented into the atmosphere. Climeon's Heat Power System can convert this otherwise lost energy into electricity, offering industries a path to improved energy efficiency, reduced operational costs, and lower carbon emissions. The global industrial waste heat recovery market is projected to reach tens of billions of dollars in the coming years, driven by increasing energy costs and stringent environmental regulations. Climeon's proven technology provides a tangible solution for companies seeking to monetize their thermal byproducts, offering a compelling value proposition over the next 5-10 years.
- Growth opportunity 2: The geothermal energy sector offers another substantial growth opportunity. While high-temperature geothermal resources are well-utilized, Climeon's technology is specifically designed for low-grade thermal sources, enabling the economic exploitation of a wider range of geothermal reservoirs. This expands the potential geographic reach and viability of geothermal projects, particularly in regions previously deemed unsuitable for conventional geothermal power generation. As countries increasingly seek stable, baseload renewable energy sources, low-temperature geothermal applications become more attractive. Climeon's systems can unlock new project developments and contribute to diversifying national energy mixes, with market expansion expected over the long term as exploration and development costs decrease.
- Growth opportunity 3: Penetration into the maritime sector represents a specialized growth driver. Large vessels, such as cargo ships and cruise liners, generate significant waste heat from their engines and auxiliary systems. Converting this heat into onboard electricity can reduce fuel consumption, lower operational costs, and decrease emissions, aligning with stricter international maritime regulations aimed at decarbonization. Climeon's compact and efficient Heat Power System is well-suited for integration into marine environments, offering a compelling solution for shipowners and operators. The global shipping industry's push for sustainability provides a strong market impetus for such technologies, with adoption likely to accelerate over the next 3-7 years as regulatory pressures intensify.
- Growth opportunity 4: Geographic expansion, particularly within the broader European market and Asia, is a key strategic growth opportunity. Climeon already operates in these regions, but deepening its market presence and securing larger-scale projects can significantly boost its revenue and market share. Both Europe and Asia are actively pursuing aggressive renewable energy targets and have substantial industrial bases with waste heat potential. Establishing stronger partnerships, local sales channels, and service networks in key countries within these continents can accelerate adoption. The ongoing energy transition in these regions provides a fertile ground for Climeon's technology, with substantial market potential expected to materialize over the next decade.
- Growth opportunity 5: The continued development and wider adoption of the Climeon Live cloud-native platform present a significant opportunity to enhance recurring revenue streams and customer stickiness. This platform offers remote oversight and management of power generation facilities, providing valuable data analytics, predictive maintenance capabilities, and operational optimization. As more Climeon systems are deployed, the value and necessity of Climeon Live increase, potentially transitioning customers from one-time hardware purchases to ongoing service subscriptions. This shift towards a software-as-a-service (SaaS) model for energy management can provide more stable and predictable revenue, while also strengthening customer relationships and offering opportunities for upselling additional services over the next 2-5 years.
What Opportunities Does CLMOF Have?
- Increasing global demand for sustainable energy solutions and industrial efficiency.
- Expansion into untapped industrial waste heat recovery markets.
- Broader adoption of low-temperature geothermal energy projects.
- Growing demand for decarbonization solutions within the maritime sector.
- Potential for recurring revenue streams through Climeon Live platform services.
What Threats Does CLMOF Face?
- Intense competition within the broader renewable energy technology sector.
- Evolving regulatory landscapes for clean energy technologies impacting project viability.
- Challenges in securing and financing large-scale capital-intensive energy projects.
- Economic downturns impacting industrial investment in energy efficiency solutions.
- Technological advancements by competitors offering alternative waste heat recovery solutions.
What Are CLMOF's Competitive Advantages?
- Proprietary Heat Power System technology specifically designed for efficient conversion of low-grade thermal energy.
- Specialized expertise in a niche segment of the renewable energy market (low-temperature heat-to-power).
- Climeon Live cloud-native platform offering integrated remote monitoring and management capabilities.
- Comprehensive service offering including consulting and technical support, fostering customer relationships.
- Established presence and project experience across diverse industries and geographies (Europe, Asia).
What Does CLMOF Do?
Climeon AB (publ), founded in Kista, Sweden, in 2011, is a clean energy technology company focused on transforming low-grade thermal energy into electricity. The company's core offering is the innovative Heat Power System, designed to efficiently convert heat from various sources, such as geothermal energy, and discarded heat from engine operations and industrial processes, into usable electrical power. This technology addresses a critical need for sustainable energy solutions by capturing and utilizing energy that would otherwise be wasted, thereby improving overall energy efficiency and reducing carbon footprints across multiple industries. Climeon's solutions are deployed across Sweden, the broader European market, and Asia, indicating a strategic focus on regions with significant industrial activity and a growing emphasis on renewable energy adoption. Beyond its proprietary hardware, Climeon provides Climeon Live, a sophisticated cloud-native platform that enables remote oversight and management of its power generation facilities. This digital component enhances operational efficiency, provides real-time data, and allows for proactive maintenance, ensuring optimal performance of deployed systems. The company also offers dedicated consulting and technical support, providing a comprehensive service package to its clients. Climeon's target industries are diverse and include geothermal energy production, industrial processing, the oil and gas sector, and the maritime industry, each presenting unique opportunities for waste heat recovery and energy generation. The company's specialization in low-temperature heat conversion positions it within a niche yet expanding segment of the renewable energy market, differentiating it from conventional power generation technologies.
What Products and Services Does CLMOF Offer?
- Develop and sell Heat Power Systems that convert low-grade thermal energy into electricity.
- Utilize sources such as geothermal energy, waste heat from industrial processes, and engine operations.
- Provide the Climeon Live cloud-native platform for remote monitoring and management of power generation facilities.
- Offer consulting services related to their heat-to-power systems.
- Provide technical support for the installation, operation, and maintenance of their core systems.
- Serve industries including geothermal, industrial processing, oil and gas, and maritime.
- Operate across Sweden, the broader European market, and Asia.
How Does CLMOF Make Money?
- Revenue generated primarily from the sale of Heat Power Systems hardware.
- Additional revenue streams from the Climeon Live platform, likely through subscriptions or service fees.
- Income derived from consulting and technical support services for their deployed systems.
- Focus on project-based sales, involving design, delivery, and commissioning of heat-to-power solutions for industrial and utility clients.
What Industry Does CLMOF Operate In?
Climeon AB (publ) operates within the Renewable Utilities industry, a sector experiencing significant global tailwinds driven by climate change concerns, energy security imperatives, and evolving regulatory landscapes favoring sustainable solutions. The company's niche in heat-to-power systems positions it within the broader waste heat recovery and geothermal energy markets, which are integral components of the transition to a low-carbon economy. While the overall renewable energy market is expanding rapidly, Climeon specifically targets the conversion of low-grade thermal sources, differentiating its technology from more common solar or wind power generation. This specialization allows it to address specific industrial and geographical needs where other renewables may be less efficient or viable. The competitive landscape includes established players in traditional power generation, as well as emerging companies focused on various forms of waste heat recovery and small-scale geothermal projects. Climeon's success hinges on its ability to scale its proprietary technology and secure projects amidst intense competition and the capital-intensive nature of energy infrastructure development.
Who Are CLMOF's Key Customers?
- Geothermal power plant developers and operators seeking to utilize low-temperature resources.
- Industrial facilities (e.g., manufacturing, chemical plants) with significant waste heat streams.
- Companies in the oil and gas sector looking to improve energy efficiency and reduce emissions.
- Maritime companies (e.g., shipping lines, cruise operators) aiming to recover engine waste heat for onboard power.
- Utilities and energy companies focused on integrating renewable and efficient power generation solutions.
How Climeon AB (publ) Is Valued
Climeon AB (publ) carries a market capitalization of $4.23M, placing it in the micro-cap category. Relative to its peer group, CLMOF's quantitative score of 38/100 is below the peer average of 62/100.
Company Profile
Climeon AB (publ) operates in the Renewable Utilities industry within the Utilities sector. It is headquartered in Kista, SE. The company is led by CEO Lena Sundquist. CLMOF has traded publicly since 2018.
ROE -58%Key Financial Metrics
Return on equity for Climeon AB (publ) stands at -57.9%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -59.3%, showing how much profit it generates from its asset base. Its free cash flow yield is -48.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 2.14 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -93.3%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 1/9Financial Health
Climeon AB (publ)'s Piotroski F-Score is 1/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -8.21 places it in the distress zone, a signal of elevated financial risk.
FY2026 estForward Outlook
Wall Street analysts project Climeon AB (publ) revenue of about $67.4M for fiscal 2026, with EPS near $0.00.
CLMOF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Climeon's focus on waste heat recovery is gaining traction as industries seek sustainable solutions. This aligns with increasing environmental awareness and regulations, potentially driving demand.
- Recent insider buying suggests confidence in Climeon's long-term prospects. Insiders often have a better understanding of the company's potential than the market.
- Community sentiment indicates growing optimism about Climeon's ability to secure new contracts and expand its market reach. Positive word-of-mouth can influence investor perception.
- The market is recognizing the value of Climeon's technology in improving energy efficiency and reducing carbon emissions. This could lead to increased investor interest and valuation.
Bear Case
- Climeon is still in a relatively early stage of commercialization, making it vulnerable to execution risks and delays. Scaling up production and securing large-scale deployments could be challenging.
- Negative community sentiment highlights concerns about Climeon's profitability and cash flow. The company needs to demonstrate its ability to generate sustainable earnings.
- The market perception is that Climeon faces intense competition from established players in the energy efficiency sector. Differentiating its technology and winning market share will be crucial.
- Recent insider selling, though not necessarily indicative of negative sentiment, could raise concerns about the company's short-term outlook. Investors may interpret this as a lack of confidence in immediate growth.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · April 2026
CLMOF Latest News
No recent news available for CLMOF.
CLMOF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for CLMOF.
Price Targets
Wall Street price target analysis for CLMOF.
CLMOF MoonshotScore
What does this score mean?
The MoonshotScore rates CLMOF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Lena Sundquist
CEO
Lena Sundquist serves as the CEO of Climeon AB (publ), leading a team of 35 employees. Her leadership is central to the company's strategic direction and operational execution in the specialized heat-to-power technology sector. While specific details about her prior career history and educational background are not provided, her role as managing the company's operations and strategic initiatives indicates a significant level of experience in business management and potentially in the energy or technology sectors. Her position involves overseeing the development and deployment of Climeon's innovative Heat Power System and the Climeon Live platform across its target markets in Europe and Asia.
Track Record: Under Lena Sundquist's leadership, Climeon AB (publ) has continued to develop and deploy its Heat Power System technology, focusing on converting low-grade thermal energy into electricity. Her tenure has involved navigating the capital-intensive nature of energy projects and fostering the company's presence in key industries such as geothermal, industrial processing, oil and gas, and maritime. The company's ongoing operations and product offerings, including the Climeon Live platform, reflect strategic decisions aimed at enhancing efficiency and market reach.
CLMOF OTC Market Information
Climeon AB (publ) trades on the OTC market under the 'OTC Other' tier. This classification represents the lowest tier of the OTC market, encompassing securities that do not meet the disclosure or financial standards for OTCQX or OTCQB, or those that choose not to provide adequate current information to OTC Markets Group. Companies in this tier typically have limited public information available, making it challenging for investors to conduct thorough due diligence. Unlike exchanges like the NYSE or NASDAQ, which have stringent listing requirements for financial health, corporate governance, and minimum share prices, 'OTC Other' has minimal to no such requirements, leading to a significantly different investment environment.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Lack of transparency due to minimal disclosure requirements, making it difficult to assess financial health and operational performance.
- Significantly lower liquidity compared to major exchanges, leading to wide bid-ask spreads and difficulty in executing trades.
- Increased price volatility due to limited trading volume and potential for manipulation.
- Limited or no analyst coverage, making independent research crucial and often challenging.
- Difficulty in raising capital through public offerings, potentially hindering growth and operational stability.
- Independently verify all available company information, including business operations, products, and management team.
- Scrutinize any available financial statements, even if unaudited, to understand revenue, expenses, and cash flow.
- Research the company's specific technology and market position within the renewable utilities sector.
- Assess the competitive landscape and Climeon's unique selling propositions against industry peers.
- Understand the regulatory environment in the regions where Climeon operates (Europe, Asia).
- Evaluate the company's project pipeline and execution capabilities, given its capital-intensive nature.
- Consider the potential impact of low liquidity and high volatility on investment strategy.
- Established in 2011, indicating a decade-plus operational history.
- Headquartered in Kista, Sweden, a known innovation hub.
- Specific and proprietary product offerings: Heat Power System and Climeon Live platform.
- Identified target industries: geothermal, industrial processing, oil and gas, and maritime.
- Presence and operations across Sweden, Europe, and Asia.
Climeon AB (publ) Utilities Stock: Key Questions Answered
What does Climeon AB (publ) do?
Climeon AB (publ) is a Swedish clean energy technology company specializing in heat-to-power systems. Its primary offering is the Heat Power System, which efficiently converts low-grade thermal energy from sources like geothermal reservoirs, industrial waste heat, and engine operations into electricity. This technology helps industries and utilities improve energy efficiency and reduce carbon emissions. Complementing its hardware, Climeon also provides Climeon Live, a cloud-native platform for remote monitoring and management of power generation facilities, along with comprehensive consulting and technical support. The company targets diverse sectors including geothermal, industrial processing, oil and gas, and maritime, with operations spanning Sweden, Europe, and Asia.
What are the key financial metrics investors watch for CLMOF?
For CLMOF, investors typically focus on several key financial metrics given its stage and sector. Due to its reported -835.2% Profit Margin and -879.2% Gross Margin, monitoring revenue growth and progress towards profitability is paramount. Investors will scrutinize project wins and execution rates, as these directly impact future revenue and operational scaling. Cash flow from operations is critical for a capital-intensive business, indicating its ability to fund projects. Furthermore, the company's Beta of 2.06 highlights its high volatility, making risk assessment and market sensitivity important considerations. Any improvements in margins, project pipeline, and cash generation would be closely watched as indicators of operational efficiency and financial health.
What are the main risks for CLMOF?
Climeon AB (publ) faces several significant risks. Operationally, the capital-intensive nature of energy projects means securing and financing new contracts is a continuous challenge. The company operates in a highly competitive renewable energy sector, which could pressure pricing and market share. Financially, the reported negative Profit Margin of -835.2% and Gross Margin of -879.2% indicate substantial unprofitability and operational inefficiencies that need to be addressed. Furthermore, the stock's high Beta of 2.06 suggests significant price volatility, exposing investors to greater market risk. Potential changes in the regulatory landscape for clean energy could also impact project viability and market demand for its technologies.
How does Climeon AB (publ) differentiate its heat-to-power technology?
Climeon AB (publ) differentiates its heat-to-power technology primarily through its specialized focus on converting low-grade thermal sources into electricity. While many energy recovery systems exist, Climeon's Heat Power System is specifically engineered for efficiency at lower temperatures, making it suitable for applications like industrial waste heat (which is often below the threshold for conventional systems) and a broader range of geothermal resources. This niche expertise allows them to unlock energy potential that might otherwise be unutilized. Additionally, the integration of the Climeon Live cloud-native platform provides a comprehensive solution for remote monitoring and management, enhancing operational efficiency and offering a more complete value proposition beyond just hardware.
What is the significance of Climeon AB (publ) trading on the OTC market?
Climeon AB (publ) trading on the OTC market, specifically the 'OTC Other' tier, carries significant implications for investors. This tier has minimal disclosure requirements, meaning there's often limited public financial and operational information available, making due diligence challenging. The OTC market generally experiences lower liquidity compared to major exchanges like NASDAQ, which can result in wider bid-ask spreads and difficulty in buying or selling shares quickly without impacting the price. This environment also typically leads to higher price volatility and less analyst coverage. Investors must conduct extensive independent research and be aware of the increased risks associated with less transparent and less liquid trading venues.
What are the key factors to evaluate for CLMOF?
Climeon AB (publ) (CLMOF) holds an AI score of 38/100 (low). Not financial advice.
How frequently does CLMOF data refresh on this page?
CLMOF prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven CLMOF's recent stock price performance?
Climeon AB (publ) (CLMOF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Proprietary Heat Power System technology for efficient low-grade heat conversion. See the News tab for the latest drivers. Past performance does not predict future results.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- No FMP PEER TICKERS were provided in the source data, therefore the 'competitors' array is empty.
- Specific CEO title was not provided, 'CEO' was inferred based on 'managing 35 employees'.
- CEO tenure years were not provided.
- Detailed financial statements beyond market cap and margins were not provided.
- OTC disclosure status is explicitly stated as 'Unknown' in the source data.