Tearsheet

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0  Weak multi-year price returns
2Y Excs Rtn is -162%, 3Y Excs Rtn is -177%
High stock price volatility
Vol 12M is 111%
0 Weak multi-year price returns
2Y Excs Rtn is -162%, 3Y Excs Rtn is -177%
1 High stock price volatility
Vol 12M is 111%

Market Valuation & Key Metrics

CNEY Stock


Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
CNEY Return---91%-91%-84%-77%-100%
Peers Return13%33%-49%-10%5%18%-14%
S&P 500 Return16%27%-19%24%23%16%110%

Monthly Win Rates [3]
CNEY Win Rate-50%8%17%8%33% 
Peers Win Rate43%52%37%47%45%42% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
CNEY Max Drawdown---93%-94%-86%-76% 
Peers Max Drawdown-46%-2%-62%-40%-46%-41% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: FUL, GEVO, FSI, LOOP, BON.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/30/2025 (YTD)

How Low Can It Go

Unique KeyEventCNEYS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-99.4%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven17722.6%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days

Compare to FUL, GEVO, FSI, LOOP, BON


In The Past

CN Energy's stock fell -99.4% during the 2022 Inflation Shock from a high on 10/21/2021. A -99.4% loss requires a 17722.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About CN Energy (CNEY)

Trade Ideas

Select past ideas related to CNEY. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
AXTA_9302025_Dip_Buyer_FCFYield09302025AXTAAxalta Coating SystemsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
3.0%3.0%-7.8%
GPK_9302025_Dip_Buyer_ValueBuy09302025GPKGraphic PackagingDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-16.8%-16.8%-16.8%
FCX_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025FCXFreeport-McMoRanMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
8.0%8.0%-0.9%
KWR_7312025_Dip_Buyer_FCFYield07312025KWRQuaker HoughtonDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
14.5%14.5%0.0%
TGLS_6302025_Quality_Momentum_RoomToRun_10%06302025TGLSTecnoglassQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
-23.1%-23.1%-23.3%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
AXTA_9302025_Dip_Buyer_FCFYield09302025AXTAAxalta Coating SystemsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
3.0%3.0%-7.8%
GPK_9302025_Dip_Buyer_ValueBuy09302025GPKGraphic PackagingDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-16.8%-16.8%-16.8%
FCX_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025FCXFreeport-McMoRanMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
8.0%8.0%-0.9%
KWR_7312025_Dip_Buyer_FCFYield07312025KWRQuaker HoughtonDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
14.5%14.5%0.0%
TGLS_6302025_Quality_Momentum_RoomToRun_10%06302025TGLSTecnoglassQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
-23.1%-23.1%-23.3%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for CN Energy

Financials

CNEYFULGEVOFSILOOPBONMedian
NameCN EnergyH.B. Ful.Gevo Flexible.Loop Ind.Bon Natu. 
Mkt Price1.8357.452.269.051.601.892.07
Mkt Cap-3.10.50.10.1-0.3
Rev LTM-3,502803711-59
Op Inc LTM-349-496-1-2
FCF LTM-121-920-1--0
FCF 3Y Avg-220-1091-16--7
CFO LTM-242-565-1-2
CFO 3Y Avg-348-556-14--4

Growth & Margins

CNEYFULGEVOFSILOOPBONMedian
NameCN EnergyH.B. Ful.Gevo Flexible.Loop Ind.Bon Natu. 
Rev Chg LTM--1.3%341.8%-1.5%11,012.0%-170.2%
Rev Chg 3Y Avg--1.7%729.7%-2.0%3,661.4%-364.0%
Rev Chg Q--2.8%725.3%8.0%-100.0%-2.6%
QoQ Delta Rev Chg LTM--0.7%90.8%2.3%-0.2%-1.0%
Op Mgn LTM-10.0%-60.6%16.0%-13.3%--1.7%
Op Mgn 3Y Avg-10.5%-494.2%12.9%-13,399.3%--241.8%
QoQ Delta Op Mgn LTM-0.2%126.0%3.2%16.5%-9.8%
CFO/Rev LTM-6.9%-70.4%13.4%-8.5%--0.8%
CFO/Rev 3Y Avg-9.8%-303.8%14.1%-12,027.4%--147.0%
FCF/Rev LTM-3.5%-114.6%1.0%-10.9%--5.0%
FCF/Rev 3Y Avg-6.2%-691.7%3.4%-13,970.5%--344.2%

Valuation

CNEYFULGEVOFSILOOPBONMedian
NameCN EnergyH.B. Ful.Gevo Flexible.Loop Ind.Bon Natu. 
Mkt Cap-3.10.50.10.1-0.3
P/S-0.96.63.16.9-4.8
P/EBIT-10.1-11.019.6-6.9-1.6
P/E-27.2-9.037.6-6.5-10.3
P/CFO-12.9-9.322.9-80.5-1.8
Total Yield-4.9%-11.1%2.7%-15.3%--4.2%
Dividend Yield-1.2%0.0%0.0%0.0%-0.0%
FCF Yield 3Y Avg-5.7%-49.1%4.4%-12.5%--4.0%
D/E-0.70.30.10.0-0.2
Net D/E-0.60.2-0.0-0.1-0.1

Returns

CNEYFULGEVOFSILOOPBONMedian
NameCN EnergyH.B. Ful.Gevo Flexible.Loop Ind.Bon Natu. 
1M Rtn-23.4%-2.7%15.3%-6.1%8.1%-3.1%-2.9%
3M Rtn-17.9%2.6%73.8%69.7%-1.8%38.0%20.3%
6M Rtn-48.4%7.5%109.3%146.9%46.1%15.4%30.8%
12M Rtn-85.5%-21.7%-11.4%128.1%15.1%-94.9%-16.5%
3Y Rtn-99.9%-14.4%0.4%207.4%-46.1%-99.5%-30.2%
1M Excs Rtn-21.0%-3.3%11.3%-11.2%5.7%-5.2%-4.3%
3M Excs Rtn-22.6%-5.6%75.9%65.0%-4.8%36.0%15.6%
6M Excs Rtn-70.1%-14.2%87.5%125.2%24.4%-6.3%9.0%
12M Excs Rtn-104.1%-39.7%-39.8%106.0%-9.0%-112.0%-39.7%
3Y Excs Rtn-176.7%-88.0%-77.2%127.8%-115.2%-176.3%-101.6%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Activated carbon5840201210
Biomass electricity00000
Technical service00000
Total5840201211


Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity40,623
Short Interest: % Change Since 9302025-39.8%
Average Daily Volume17,903
Days-to-Cover Short Interest2.27

SEC Filings

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Report DateFiling DateFiling
331202592920256-K 3/31/2025
9302024218202520-F 9/30/2024
331202493020246-K 3/31/2024
9302023215202420-F 9/30/2023
331202382820236-K 3/31/2023
9302022127202320-F 9/30/2022
331202283120226-K 3/31/2022
9302021215202220-F 9/30/2021
331202182720216-K 3/31/2021
93020202052021424B4 9/30/2020
93020197022020F-1 9/30/2019

Insider Activity

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