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Clean Energy Technologies, Inc. - CETY STOCK NEWS

Welcome to our dedicated news page for Clean Energy Technologies (Ticker: CETY), a resource for investors and traders seeking the latest updates and insights on Clean Energy Technologies .

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Clean Energy Technologies 's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Clean Energy Technologies 's position in the market.

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.
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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.
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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.
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Clean Energy Technologies, Inc. (CETY) announces a framework agreement with SCEI Distributed Energy Systems Co., Ltd. (SDES) for the implementation of CETY's Waste Heat Recovery products in SDES's projects in China. CETY will be a prioritized supplier for ongoing and future projects, accelerating the cross-selling of CETY's products in China.
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Clean Energy Technologies, Inc. announces strong revenue growth and operational strategy execution in Q1 2023. Total revenue increased by 373% compared to Q1 2022. Stockholder's equity also increased significantly. Gross profit decreased due to a shift in revenue driver. Net loss influenced by one-off expenses. Company's strategy focuses on Waste Heat Recovery, Waste to Energy, and clean energy engineering. CETY aims to expand its technological portfolio and achieve a diversified revenue stream. The demand for Waste Heat Recovery products is increasing. CETY's pilot Waste to Energy plant is progressing well. The company offers project development and management solutions. CETY is scaling its NG trading operations and expanding sales in China. The Nasdaq up-listing enhances the company's reputation and access to capital.
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Clean Energy Technologies, Inc.

Nasdaq:CETY

CETY Rankings

CETY Stock Data

61.86M
12.75M
67.65%
0.47%
0.43%
Bare Printed Circuit Board Manufacturing
Manufacturing
Link
United States of America
COSTA MESA

About CETY

clean energy technologies, inc. designs, builds and markets clean energy products focused on energy efficiency and environmentally sustainable technologies. the company’s principal product is the clean cycle tm generator, offered by heat recovery solutions, or hrs www.heatrecoverysolutions.com. the company’s engineering and manufacturing resources support its heat recovery solutions business, as well as continuing to support other clean energy emerging growth companies with their technologies. ceti is positioned to become a worldwide leader in ever expanding energy efficiency market. headquartered in costa mesa, california, the company’s common stock is currently traded on the otc market under the symbol cety. for more information, visit www.ceti.io or www.heatrecoverysolutions.com.