Welcome to our dedicated page for Clean Energy Technologies news (Ticker: CETY), a resource for investors and traders seeking the latest updates and insights on Clean Energy Technologies stock.
Clean Energy Technologies, Inc. (symbol: CETY) is a forward-thinking company specializing in the design, construction, and marketing of products that enhance energy efficiency and support environmentally sustainable technologies. Headquartered in Costa Mesa, California, CETY is publicly traded on the OTC market.
The company's principal product is the Clean Cycle™ Generator, which is offered by its Heat Recovery Solutions (HRS) division. This innovative generator captures waste heat and converts it into electricity, significantly improving energy efficiency for industrial clients. For more details, please visit Heat Recovery Solutions.
CETY's engineering and manufacturing resources are dedicated to their heat recovery solutions business, but they also extend their expertise to support other emerging clean-tech companies. Through these efforts, CETY aims to become a global leader in the expanding energy efficiency market.
The company operates through four main segments:
- Clean Energy HRS & CETY Europe - Focuses on heat recovery solutions and expanding the European market.
- CETY HK - Engages in business development and strategic partnerships in Asia.
- CETY Renewables - Concentrates on renewable energy projects and innovations.
- Electronic Manufacturing - Provides specialized manufacturing services to various industries, including industrial, aerospace, military, instrumentation, and medical sectors.
For ongoing updates and more detailed information about Clean Energy Technologies, Inc., visit their official website at www.ceti.io.
News
Rhea-AI Summary
Clean Energy Technologies, Inc. (CETY) announced its unaudited financial results for the nine months ended September 30, 2023, revealing a remarkable revenue growth of 339% from the same period in 2022. The company's total revenue amounted to $11.7 million, with a gross profit of $1.4 million and a net loss of $2.5 million. CETY's aggressive growth strategy and expansion plans have led to increased operating expenses, but the company has successfully converted $1.95 million of its note payable into equity, marking a significant milestone.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.29%
Tags
-
Rhea-AI Summary
Kam Mahdi, CEO of XYZ Corporation (XYZ), addresses CEOs and government leaders at APEC Leaders Week, including California State Treasurer Fiona Ma.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.98%
Tags
-
Rhea-AI Summary
Clean Energy Technologies, Inc. (NASDAQ: CETY) announces significant balance sheet improvement due to a key financial structuring. Mast Hill Fund, L.P. converted an aggregate of $1.95 million notes, increasing shareholder’s equity from $5.38 million to approximately $7.33 million. Liabilities decreased from $5.7 million to approximately $3.75 million. The debt restructuring increases CETY’s financial flexibility and allows more resources for growth initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.88%
Tags
Rhea-AI Summary
Clean Energy Technologies, Inc. (NASDAQ: CETY) announced the conversion of $1.95 million notes with Mast Hill Fund, L.P. from liability to equity, enhancing financial flexibility and strengthening long-term partnerships. The conversion eliminates the cash redemption mandate, provides variable conversion, and offers a 15% dividend to preferred stockholders. This strategic move reflects CETY's commitment to shareholder value and aligns with its vision for sustainable growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.57%
Tags
-
Rhea-AI Summary
Clean Energy Technologies (CETY) partners with RPG Energy Group and Stanley Black & Decker to deploy waste heat generator
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.13%
Tags
-
Rhea-AI Summary
Clean Energy Technologies, Inc. CEO Kam Mahdi to present at H.C. Wainwright 25th Annual Global Investment Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.27%
Tags
Rhea-AI Summary
Clean Energy Technologies, Inc. (NASDAQ: CETY) announces a 20-year Power Purchase Agreement (PPA) valued at $53 million with Vermont Renewable Gas, LLC (VRG) and VEPP, Inc. The agreement involves the sale of all electric power and benefits from VRG's biogas facility in Lyndonville, Vermont. CETY will lead the facility's design, construction, and operation. The project is expected to generate over 18,000 MWh of renewable electricity and 1,500 tons of BioChar annually. The company's existing Heat Recovery Solutions business will also benefit from the biomass projects, potentially boosting energy value by 15%. This project is the first of many anticipated renewable biomass projects for CETY.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.47%
Tags
-
Rhea-AI Summary
Clean Energy Technologies, Inc. (CETY) enters sales agreements with China Resources subsidiaries, becoming qualified supplier of natural gas in Dazhou City region in China. Expected to open cross-selling opportunities and penetrate waste to energy and waste heat recovery markets in China.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
News
Rhea-AI Summary
Clean Energy Technologies, Inc. (CETY) announces its 2023 second quarter financial results, reporting revenues of $7.6 million for the first half of 2023, a 205% increase compared to the same period in 2022. Gross profit margins improved from 5% in Q1 2023 to 11% in Q2 2023. Operating expenses increased due to expansion and additional costs. CETY had a net loss of $1.7 million, primarily due to increased interest and financing fees. Stockholder's equity increased to $5.7 million. The company plans to continue its aggressive growth strategy, focusing on waste to energy and natural gas trading segments, and exploring strategic options to improve liquidity and funding channels.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.5%
Tags
Rhea-AI Summary
Clean Energy Technologies, Inc. has signed a $10 million EPC contract with Vermont Renewable Gas for a biogas to power facility in Lyndonville, Vermont. The facility will convert low-grade woody fiber into biogas and BioChar fertilizer, generating over 14,600 MWh of renewable electricity and 1,500 tons of BioChar annually. The project is expected to serve as a model for future biomass projects and create new revenue streams for CETY.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.04%
Tags
FAQ
What is the current stock price of Clean Energy Technologies (CETY)?
The current stock price of Clean Energy Technologies (CETY) is $0.835 as of October 8, 2024.
What is the market cap of Clean Energy Technologies (CETY)?
The market cap of Clean Energy Technologies (CETY) is approximately 37.4M.
What does Clean Energy Technologies, Inc. specialize in?
Clean Energy Technologies, Inc. specializes in energy-efficient and environmentally sustainable technologies, including the Clean Cycle™ Generator.
Where is Clean Energy Technologies, Inc. headquartered?
Clean Energy Technologies, Inc. is headquartered in Costa Mesa, California.
What is the principal product of Clean Energy Technologies, Inc.?
The principal product of Clean Energy Technologies, Inc. is the Clean Cycle™ Generator, offered by its Heat Recovery Solutions division.
What are the four segments of Clean Energy Technologies, Inc.?
The four segments of Clean Energy Technologies, Inc. are Clean Energy HRS & CETY Europe, CETY HK, CETY Renewables, and Electronic Manufacturing.
Which markets does Clean Energy Technologies, Inc. serve?
Clean Energy Technologies, Inc. serves various markets, including industrial, aerospace, military, instrumentation, and medical sectors.
How can I get more information about Clean Energy Technologies, Inc.?
For more information, you can visit the official website at www.ceti.io or www.heatrecoverysolutions.com.
What is the stock symbol for Clean Energy Technologies, Inc.?
The stock symbol for Clean Energy Technologies, Inc. is CETY.
What type of solutions does the Heat Recovery Solutions division offer?
The Heat Recovery Solutions division offers solutions that capture waste heat and convert it into electricity, improving energy efficiency.
How does Clean Energy Technologies, Inc. support other clean-tech companies?
Clean Energy Technologies, Inc. supports other clean-tech companies through its engineering and manufacturing resources, helping them with their technologies.
What is the aim of Clean Energy Technologies, Inc.?
Clean Energy Technologies, Inc. aims to become a worldwide leader in the energy efficiency market.
Clean Energy Technologies, Inc.
Nasdaq:CETY
CETY Rankings
CETY Stock Data
37.44M
44.58M
59.14%
3.84%
0.2%
Specialty Industrial Machinery
Natural Gas Distribution
United States of America
IRVINE