Clean Energy Technologies Inc Stock Price, News & Analysis

Clean Energy Technologies (CETY) has entered an agreement with Synergy Bioproducts Corporation to construct a biomass energy processing facility in Vermont. The facility will use CETY's high temperature ablative fast pyrolysis (HTAP) technology to convert forest biomass waste into up to 14,600 MWh of renewable electricity and 1,500 tons of BioChar annually. The project, set to be operational in 12 months, aims to capitalize on the growing clean energy sector, supported by the Inflation Reduction Act.

Clean Energy Technologies, Inc. (CETY) has announced plans to uplist its shares to NASDAQ, aiming for increased visibility and access to capital. CEO Kam Mahdi emphasized that this strategic move is crucial for growth opportunities. Uplisting requires a concurrent equity financing to strengthen the balance sheet and a reverse stock split to meet NASDAQ's minimum trading price. The company has engaged Craft Capital as the lead underwriter for a public offering, pending regulatory approvals. Success depends on satisfying NASDAQ's listing requirements, with no guarantees of approval.

Clean Energy Technologies (CETY) reported significant financial growth for Q2 2022, with sales revenue soaring to $1.75 million, a remarkable 1021% increase year-over-year. For the first half of 2022, revenues reached $2.52 million, up 767% from 2021. The company's gross profits also surged, growing 474% in Q2, totaling $611,797. Notably, CETY decreased its losses significantly, with a 912% improvement in earnings before interest and taxes compared to the previous year. As of June 30, 2022, CETY reported cash on hand of $968,919.

Clean Energy Technologies (CETY) reported significant growth in Q1 2022, achieving sales revenue of $775,266, a 473% increase from Q1 2021. Gross profit rose by 358% to $514,193. The company became cash flow positive, with earnings before interest and taxes at $15,169 compared to a loss of $366,938 in the prior year. As of March 31, 2022, CETY had $1,221,219 in cash and successfully raised $1.2 million in a Regulation A equity offering. CEO Kam Mahdi highlighted increased revenues from waste heat recovery solutions and the acquisition of a LNG trading company as key growth drivers.

Clean Energy Technologies (CETY) announced its 2021 Year-End financial results, achieving a net profit of $278,429 compared to a net loss of $3,435,764 in 2020. The company raised approximately $4.78 million in a Regulation A equity offering in 2021 and an additional $1.2 million in 2022. Key developments include the establishment of new business units focused on waste-to-energy and consulting, alongside securing a $1.5 million sales order for waste heat generators. CETY has also laid groundwork for expansion into the Chinese LNG market.

Clean Energy Technologies (CETY) has partnered with Enertime to advance heat recovery solutions in the clean energy sector. This collaboration will leverage Enertime's ORC technology, enabling CETY to convert waste heat into electricity effectively. With the waste heat recovery industry projected to exceed $114 billion by 2028, this partnership positions CETY to tap into a growing market.

CEO Kam Mahdi emphasized the importance of technological partnerships in achieving market scalability and expanding the company’s share in the clean energy sector.

Clean Energy Technologies (CETY) has announced $786,000 in subscriptions under Regulation A+ at $0.08 per share. This funding aims to support a minority investment in a natural gas pipeline project, targeting industrial use and estimated to supply up to 50 million cubic meters annually to a region of 130k people. The CEO emphasized the importance of this capital for executing growth strategies in the Chinese natural gas market, projected at over $120 billion, and the joint venture with Shenzhen Gas, expected to generate $12 million in annual net income by 2024.

On January 13, 2022, Clean Energy Technologies, Inc. (CETY) announced a sales order worth $825,000 for two Clean Cycle waste heat generator systems in Indianapolis, collaborating with Greenverse Energy Group. The project leverages the current Investment Tax Credit, enhancing its appeal for commercial and industrial sectors. CETY intends to scale production to meet increased demand for clean energy solutions, including a $15,000,000 renewable biomass project in Massachusetts expected to generate significant electricity and biochar.

Clean Energy Technologies (CETY) announced the successful raising of $650,000 through a convertible promissory note, maturing June 21, 2022, at a fixed conversion price of $0.06 per share with 2% annual interest. The funds will enhance balance sheet improvements and expand CETY's biomass solutions, waste heat recovery products, and engineering services, indicating potential sales growth in 2022. CEO Kam Mahdi expressed optimism about the investment’s impact on growth and emphasized CETY's undervaluation.