Clean Energy Technologies (CETY)
Market Price (10/8/2026): $0.94 | Market Cap: $11.4 MilSector: Industrials | Industry: Industrial Machinery & Supplies & Components
Clean Energy Technologies (CETY)
Market Price (10/8/2026): $0.94Market Cap: $11.4 MilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 64% Megatrend and thematic driversMegatrends include Circular Economy & Recycling. Themes include Waste-to-Energy Solutions. | Weak multi-year price returns2Y Excs Rtn is -130%, 3Y Excs Rtn is -178% | Penny stockMkt Price is 1.0 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -3.7 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -198% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -434%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -434% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -63% High stock price volatilityVol 12M is 167% Key risksCETY key risks include [1] substantial doubt about its ability to continue as a going concern, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 64% |
| Megatrend and thematic driversMegatrends include Circular Economy & Recycling. Themes include Waste-to-Energy Solutions. |
| Weak multi-year price returns2Y Excs Rtn is -130%, 3Y Excs Rtn is -178% |
| Penny stockMkt Price is 1.0 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -3.7 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -198% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -434%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -434% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -63% |
| High stock price volatilityVol 12M is 167% |
| Key risksCETY key risks include [1] substantial doubt about its ability to continue as a going concern, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Clean Energy Technologies (CETY) stock has gained about 15% since 6/30/2026 because of the following key factors:
1. Significant Year-over-Year Revenue Growth through Fiscal Q2 2026. Clean Energy Technologies reported a substantial 70.3% year-over-year increase in revenue, reaching $1.16 million year-to-date through fiscal Q2 2026, compared to $678.2K for the same period in the prior year. This growth was primarily driven by the expansion of the company's natural gas trading business in China.
2. Advancement of the Vermont Renewable Energy Project. Positive sentiment was generated by progress on the Lyndon Renewable Energy Project in Vermont, including an agreement with state environmental regulators in May 2026 to advance a proposed 2.2 MW renewable energy facility. News in early fiscal Q3 2026 (August 4, 2026) further highlighted related market opportunities, contributing to investor confidence.
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Clean Energy Technologies (CETY) stock has gained about 15% since 6/30/2026 because of the following key factors:
1. Significant Year-over-Year Revenue Growth through Fiscal Q2 2026. Clean Energy Technologies reported a substantial 70.3% year-over-year increase in revenue, reaching $1.16 million year-to-date through fiscal Q2 2026, compared to $678.2K for the same period in the prior year. This growth was primarily driven by the expansion of the company's natural gas trading business in China.
2. Advancement of the Vermont Renewable Energy Project. Positive sentiment was generated by progress on the Lyndon Renewable Energy Project in Vermont, including an agreement with state environmental regulators in May 2026 to advance a proposed 2.2 MW renewable energy facility. News in early fiscal Q3 2026 (August 4, 2026) further highlighted related market opportunities, contributing to investor confidence.
3. Strategic Waste-to-Energy Deployment Initiative in Alberta. The company announced a non-binding Letter of Intent (LOI) with Hoppy Power to deploy its HTAP™ waste-to-energy system in Westlock, Alberta. This initiative targets a pilot project capable of processing up to 12,000 tons/year of biomass and waste feedstock and generating up to 2 MW per unit, signaling potential for new revenue streams and scalable growth.
4. Improved Diluted Loss Per Share. Clean Energy Technologies demonstrated a notable reduction in its diluted loss per share, which improved to $(0.15) year-to-date through fiscal Q2 2026, compared to $(0.49) for the same period in the previous year. This decrease in losses, despite continued net losses, indicated a positive trend in financial efficiency.
5. Progress in Addressing Nasdaq Compliance Concerns. The company’s filing of its Quarterly Report on Form 10-Q for fiscal Q2 2026 on August 19, 2026, demonstrated efforts to regain compliance with Nasdaq listing rules. This action likely alleviated some investor concerns following prior notices of deficiency for delayed filings, removing a significant potential headwind.
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Stock Movement Drivers
Fundamental Drivers
The 16.1% change in CETY stock from 6/30/2026 to 10/7/2026 was primarily driven by a 132.4% change in the company's P/S Multiple.| (LTM values as of) | 6302026 | 10072026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.84 | 0.98 | 16.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2 | 2 | -2.1% |
| P/S Multiple | 2.8 | 6.4 | 132.4% |
| Shares Outstanding (Mil) | 6 | 12 | -48.9% |
| Cumulative Contribution | 16.1% |
Market Drivers
6/30/2026 to 10/7/2026| Return | Correlation | |
|---|---|---|
| CETY | 16.1% | |
| Market (SPY) | 4.1% | 0.1% |
| Sector (XLI) | -9.4% | 1.1% |
Fundamental Drivers
The 2.1% change in CETY stock from 3/31/2026 to 10/7/2026 was primarily driven by a 148.4% change in the company's P/S Multiple.| (LTM values as of) | 3312026 | 10072026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.96 | 0.98 | 2.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2 | 2 | 11.3% |
| P/S Multiple | 2.6 | 6.4 | 148.4% |
| Shares Outstanding (Mil) | 4 | 12 | -63.1% |
| Cumulative Contribution | 2.1% |
Market Drivers
3/31/2026 to 10/7/2026| Return | Correlation | |
|---|---|---|
| CETY | 2.1% | |
| Market (SPY) | 19.8% | -2.8% |
| Sector (XLI) | 4.0% | -0.0% |
Fundamental Drivers
The 244.1% change in CETY stock from 9/30/2025 to 10/7/2026 was primarily driven by a 583.6% change in the company's P/S Multiple.| (LTM values as of) | 9302025 | 10072026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.28 | 0.98 | 244.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1 | 2 | 64.5% |
| P/S Multiple | 0.9 | 6.4 | 583.6% |
| Shares Outstanding (Mil) | 4 | 12 | -69.4% |
| Cumulative Contribution | 244.1% |
Market Drivers
9/30/2025 to 10/7/2026| Return | Correlation | |
|---|---|---|
| CETY | 244.1% | |
| Market (SPY) | 17.6% | 3.5% |
| Sector (XLI) | 9.8% | 3.6% |
Fundamental Drivers
The -96.5% change in CETY stock from 9/30/2023 to 10/7/2026 was primarily driven by a -78.8% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 9302023 | 10072026 | Change |
|---|---|---|---|
| Stock Price ($) | 28.05 | 0.98 | -96.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3 | 2 | -45.7% |
| P/S Multiple | 21.2 | 6.4 | -69.6% |
| Shares Outstanding (Mil) | 3 | 12 | -78.8% |
| Cumulative Contribution | -96.5% |
Market Drivers
9/30/2023 to 10/7/2026| Return | Correlation | |
|---|---|---|
| CETY | -96.5% | |
| Market (SPY) | 88.1% | 1.7% |
| Sector (XLI) | 72.2% | 2.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CETY Return | 0% | 0% | 7494% | -59% | -92% | 32% | 222% |
| Peers Return | 22% | -10% | -9% | -16% | -7% | 2% | -19% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| CETY Win Rate | 0% | 0% | 33% | 17% | 25% | 70% | |
| Peers Win Rate | 63% | 47% | 50% | 52% | 53% | 52% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| CETY Max Drawdown | 0% | 0% | -68% | -70% | -98% | -54% | |
| Peers Max Drawdown | -32% | -36% | -36% | -33% | -48% | -33% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CLNE, MNTK, AMRC, WM, RSG.
[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] 2026 data is for the year up to 10/7/2026 (YTD)
How Low Can It Go
| Event | CETY | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -11.0% | -9.5% |
| % Gain to Breakeven | 12.3% | 10.5% |
| Time to Breakeven | 17 days | 24 days |
| 2020 COVID-19 Crash | ||
| % Loss | -53.3% | -33.7% |
| % Gain to Breakeven | 114.3% | 50.9% |
| Time to Breakeven | 1100 days | 140 days |
In The Past
Clean Energy Technologies's stock fell -11.0% during the Summer-Fall 2023 Five Percent Yield Shock. Such a loss loss requires a 12.3% gain to breakeven.
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| Event | CETY | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -53.3% | -33.7% |
| % Gain to Breakeven | 114.3% | 50.9% |
| Time to Breakeven | 1100 days | 140 days |
In The Past
Clean Energy Technologies's stock fell -11.0% during the Summer-Fall 2023 Five Percent Yield Shock. Such a loss loss requires a 12.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Clean Energy Technologies (CETY)
Clean Energy Technologies, Inc. (CETY) is a clean energy company focused on developing and marketing products and integrated solutions for energy efficiency and renewable energy. The company specializes in converting wasted energy into usable electricity and offers a range of engineering services to support these solutions. CETY operates through segments including Clean Energy HRS and CETY Europe, highlighting its global reach in the clean energy sector.
The company's primary product is the Clean Cycle generator, an innovative system designed to capture waste heat from various industrial and commercial sources and efficiently convert it into electricity. This technology helps clients improve energy efficiency and reduce operational costs by repurposing energy that would otherwise be lost. In addition to the Clean Cycle generator, CETY provides comprehensive electrical, mechanical, and software engineering services, as well as supply chain management services, offering end-to-end support for its clean energy initiatives.
CETY primarily serves industrial and commercial clients who generate significant waste heat and are looking to enhance their energy efficiency, reduce their environmental impact, and lower energy expenses by transforming waste energy into a valuable power source. Through its proprietary technology and engineering expertise, Clean Energy Technologies aims to assist a diverse set of industries in adopting more sustainable and cost-effective energy practices.
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1. It's like a "heat-powered industrial generator company," similar to how Caterpillar makes diesel generators, but CETY's Clean Cycle generators run on a factory's wasted heat instead of fuel.
2. Think of it as an "industrial energy scavenger," similar to how a company like Waste Management collects discarded materials, but CETY collects wasted industrial heat and converts it into valuable electricity.
3. Similar to how companies like SolarEdge or Enphase optimize solar power, CETY is an "industrial waste heat optimization expert," turning what would be lost thermal energy into usable electricity.
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- Clean Cycle Generator: A generator that captures waste heat from various sources and converts it into electricity.
- Engineering Services: A range of electrical, mechanical, and software engineering services.
- Supply Chain Management Services: Services focused on managing supply chains.
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Clean Energy Technologies, Inc. (CETY) primarily sells its products and services to other companies (Business-to-Business, or B2B) rather than to individual consumers.
While CETY's SEC filings indicate that a significant portion of their revenue comes from a few major customers (e.g., in 2022, their two largest customers accounted for approximately 21% and 13% of total revenue, respectively), the company does not publicly disclose the specific names of these customer companies in its filings.
Based on their business description and public disclosures, Clean Energy Technologies serves the following categories of clients:
- Industrial Clients: Businesses in sectors that generate significant waste heat, such as manufacturing plants, chemical processing facilities, and other heavy industries that can benefit from the Clean Cycle generator to convert waste heat into electricity and improve energy efficiency.
- Commercial Clients: Large commercial establishments, data centers, hospitals, and other organizations with substantial energy demands and opportunities for thermal energy recovery or renewable energy integration.
- Institutional Clients: Entities such as universities, government facilities, or other large public and private institutions looking for energy efficiency solutions, waste heat recovery, and sustainable energy infrastructure.
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Kam Mahdi, Chairman & Chief Executive Officer
Kam Mahdi is a co-founder of Clean Energy Technologies, Inc. and has served as its Chief Executive Officer since July 2009, and as Chairman since the company's launch in September 2015. From 2010 to December 2015, he was the CEO of Probe Manufacturing, an electronics manufacturing and product development accelerator. Mr. Mahdi's vision led to the acquisition of General Electric Heat Recovery Solutions, which has been instrumental in establishing CETY as a significant player in the renewable and energy efficiency markets. He is an engineer and serial entrepreneur with domestic and international experience in operations, P&L oversight, multi-channel product distributions, licensing, joint ventures, and marketing for both start-ups and growth organizations.
Calvin Pang, Chief Financial Officer & Director
Calvin Pang has served as the Chief Financial Officer of Clean Energy Technologies, Inc. since March 2020 and as a director since February 2018. He oversees all financial aspects of the organization, including financial planning, reporting, risk management, and capital allocation, contributing to strategic decision-making and corporate governance.
Lance Woolley, Director of Operations
Lance Woolley is the Director of Operations for Clean Energy Technologies, Inc. and has been involved with CETY and Heat Recovery Solutions (HRS) since 2011. His role is crucial in ensuring the efficient and effective execution of the company's operational strategies, and he fosters a culture of accountability and continuous improvement.
Alexander Skorokhodov, Director of Technology
Alexander Skorokhodov serves as the Director of Technology at Clean Energy Technologies, Inc. He is responsible for overseeing the company's technological roadmap, research and development initiatives, and intellectual property management, driving innovation and technological advancement in clean energy solutions.
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The public company Clean Energy Technologies (CETY) faces several significant risks to its business operations and financial stability:
- Financial Viability and Going Concern Uncertainty: Clean Energy Technologies faces substantial doubt about its ability to continue as a going concern. This is evidenced by a significant working capital deficit, an accumulated deficit, ongoing net losses, and negative cash flow from operations. The company's financial metrics show declining revenue, negative earnings per share, and substantial operational inefficiencies, with a negative Return on Invested Capital (ROIC) suggesting it's not generating returns above its cost of capital. Furthermore, its Altman Z-Score indicates a distress zone, pointing to a potential risk of bankruptcy. The company relies heavily on obtaining additional financing to fund its working capital and capital expenditures.
- Declining Revenue and Market Challenges: CETY has experienced a significant decline in its total revenue, notably a 48% year-over-year drop in Q1 2025 and a 3-year revenue growth of -70.9%. This decline is primarily attributed to reduced sales in its China natural gas business and the deferral of the Shenzhen Gas joint venture due to unfavorable market conditions. The company is also exposed to market risks, including fluctuations in energy prices, which can impact the profitability of its waste heat recovery and waste-to-energy products.
- Regulatory and Operational Risks in China: A considerable portion of Clean Energy Technologies' operations, particularly its natural gas trading activities, are based in China through CETY HK. These operations are subject to significant regulatory risks due to uncertainties surrounding the interpretation and enforcement of Chinese laws. The potential for interventions by the PRC government poses additional risks. Furthermore, foreign currency exchange rate fluctuations can adversely affect the financial results of its Chinese operations.
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Clean Energy Technologies (CETY) participates in the significant addressable markets of waste heat to power (WHP) and waste-to-energy (WTE) solutions.
Waste Heat to Power (WHP) / Waste Heat Recovery Systems
CETY's principal product, the Clean Cycle generator, which converts waste heat into electricity, falls within the waste heat to power and waste heat recovery systems markets.
- Global Market: The global waste heat to power market was estimated at USD 31.3 billion in 2025 and is projected to reach USD 77.9 billion by 2035, growing at a Compound Annual Growth Rate (CAGR) of 9% from 2026 to 2035. Another estimate placed the global waste heat recovery system market at USD 76.42 billion in 2023, with a projected CAGR of 7.40% during the forecast period.
- North American Market: The North American waste heat to power market is projected to reach USD 14.8 billion by 2035. In 2025, the U.S. held approximately 70% of the North American market, generating USD 3.3 billion in revenue. North America is a major market for waste heat to power, holding approximately 45% of the global market share.
- European Market: The Europe waste heat to power market was valued at USD 8.9 billion in 2022 and is projected to grow at a CAGR of over 10.6% from 2023 to 2032. Europe accounted for approximately 30% of the global waste heat to power market share.
Waste-to-Energy (WTE) Systems
CETY is also involved in waste-to-energy solutions through a recent collaboration focusing on modular waste-to-energy power solutions.
- European Market: The Europe waste to energy market size was valued at approximately USD 16.64 billion in 2025 and is projected to reach USD 24.98 billion by 2032, with a CAGR of around 5.98% during the forecast period from 2026-2032. Another report valued the European waste to energy market at USD 13.88 billion in 2022, anticipating a CAGR of 14.4% from 2023 to 2030.
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Here are 3-5 expected drivers of future revenue growth for Clean Energy Technologies (CETY) over the next 2-3 years:
- Expansion into the European Renewable Energy Market: Clean Energy Technologies is strategically expanding its presence in Europe. This includes the establishment of a CETY Europe Sales and Service Center in Italy to support existing and new sales of its clean energy products. A significant step was taken with a Non-Binding Offer (NBO) valued at an estimated $85 million with a European solar and wind development company, aiming to significantly broaden CETY's operations in the region's stable and growing renewable energy market.
- Growth in Waste-to-Energy (WTE) Solutions and the HTAP™ Pyrolysis Platform: The company is focused on converting various waste products into electricity and BioChar through its Waste to Energy Solutions. CETY is advancing a modular waste-to-energy power solution through a partnership with METIS Power, which integrates CETY's pyrolysis systems for efficient and scalable power generation using waste-derived fuels. The launch of its HTAP™ platform in December 2025 to increase Renewable Natural Gas (RNG) production and convert digestate into biochar, along with plans to present this platform at industry conferences, indicates a strong push in this sector.
- Increased Deployment and Adoption of Clean Cycle™ Heat Recovery Solutions: The patented Clean Cycle™ generator, which converts waste heat into electricity, remains a core product. A recent deployment of the Clean Cycle II™ Organic Rankine Cycle (ORC) technology in U.S. industrial manufacturing for a Fortune 100 company in October 2025 demonstrates the continued relevance and market penetration of this technology in enhancing energy efficiency and reducing operating costs.
- Strategic Expansion and Natural Gas Trading in the Asian Market: CETY is actively pursuing growth in Asia, particularly China, through a partnership with Natural Gas Pipeline Network Group Co., Ltd. (NGPNG). This collaboration grants CETY access to China's natural gas network and expands its sales capabilities, aligning with China's shift towards renewable energy. The company's wholly-owned subsidiary, CETY HK, manages natural gas trading operations and aims to establish a marketplace in China and Asia for its products and solutions.
- Entry and Expansion in Battery Energy Storage Systems (BESS): A new driver for CETY is its entry into the Battery Energy Storage Systems market. In November 2025, the company announced a $10 million BESS project in New York. This project is expected to validate CETY's expertise and create opportunities for further BESS installations, positioning the company to capitalize on the increasing demand for renewable energy storage solutions.
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Share Issuance
- In December 2025, Clean Energy Technologies issued 913,842 shares of common stock for $395,328 and an additional 656,158 shares for $283,855 through unregistered sales to accredited investors.
- During June and August 2025, the company issued 50,000 and 150,000 shares of common stock, respectively, alongside junior secured convertible notes with principal amounts of $335,000 and $388,888, to Mast Hill Fund, L.P.
- Around November 2025, Clean Energy Technologies issued 152,000 shares of common stock and 75,132 shares in separate transactions related to the conversion of principal, interest, and fees from convertible promissory notes held by Mast Hill Fund, L.P. and Pacific Pier Capital II, LLC, respectively.
Inbound Investments
- Clean Energy Technologies secured $3.37 million in financing activities primarily through notes payable and stock issuance during the fiscal year ending December 31, 2024.
- In 2025, the company received approval for two securities purchase agreements with Mast Hill Fund, L.P., which included the issuance of junior secured convertible notes totaling over $700,000 in principal.
Outbound Investments
- Clean Energy Technologies is actively pursuing the acquisition of Ortus Climate Mitigation LLC's Italian operations, having a consulting agreement in place to facilitate this potential acquisition.
Capital Expenditures
- Cash flow statements show reported capital expenditures, for example, a figure of -$50.69K was noted for one period, though specific annual breakdowns are not consistently detailed across the provided information.
Peer Outperformance in Industrial Machinery & Supplies & Components
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| CETY | Clean Energy Technologies | 12.2% | -1.7x | -59.8% | -96.1% | 230.7% | — |
| MLI | Mueller Industries | 8.8% | 15.4x | 23.4% | 240.8% | 494.3% | +264pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 6.0% | 120.4% | 193.1% | STRL 2186% · FIX 2165% · CDNL 1905% |
| Marine Transportation | 5 | 95.0% | 69.1% | 164.2% | HOS 39216% · MATX 189% · KEX 164% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 0.1% | 46.2% | 94.6% | CAT 354% · ALSN 235% · WAB 224% |
| Aerospace & Defense | 54 | -15.1% | 58.5% | 60.7% | ATI 1016% · FTAI 869% · HWM 614% |
| Industrial Machinery & Supplies & Components ← | 72 | 9.7% | 47.8% | 46.9% | PSIX 1241% · CRS 1144% · EROC 652% |
| Rail Transportation | 7 | 21.0% | 57.9% | 42.0% | FSTR 128% · CSX 53% · RAIL 48% |
| Trading Companies & Distributors | 19 | 2.5% | 33.8% | 41.5% | DXPE 471% · AIT 263% · WCC 224% |
| Electrical Components & Equipment | 39 | 3.3% | 57.2% | 28.9% | POWL 2375% · BE 1421% · VRT 1004% |
| Cargo Ground Transportation | 16 | 35.1% | 1.5% | 28.4% | XPO 279% · R 215% · CVLG 145% |
| Diversified Support Services | 33 | 6.0% | 20.6% | 22.4% | LIME 3003% · TH 362% · CXW 239% |
| Building Products | 33 | -14.6% | 2.2% | 17.2% | LMB 723% · GFF 349% · PPIH 267% |
| Industrial Conglomerates | 17 | 6.7% | 3.5% | -2.8% | RCMT 568% · CSW 115% · DD 71% |
| Agricultural & Farm Machinery | 17 | 11.4% | -1.9% | -9.1% | BLBD 176% · DE 104% · GENC 58% |
| Environmental & Facilities Services | 30 | -28.4% | 16.7% | -10.3% | CECO 898% · ADUR 404% · NVRI 318% |
| Security & Alarm Services | 9 | -36.8% | 38.4% | -14.6% | CIX 164% · MG 115% · BCO 70% |
| Research & Consulting Services | 13 | -9.7% | -27.8% | -15.8% | HURN 211% · CRAI 74% · GRNQ 24% |
| Passenger Ground Transportation | 3 | -26.3% | 40.7% | -16.1% | UBER 43% · CAR -16% · LYFT -72% |
| Office Services & Supplies | 9 | 21.3% | 18.5% | -25.4% | PBI 176% · TILE 126% · HNI 45% |
| Data Processing & Outsourced Services | 6 | -34.0% | -13.9% | -26.7% | EXLS 41% · BR 4% · G -24% |
| Passenger Airlines | 11 | 12.1% | 20.7% | -33.8% | LTM 3387% · UAL 124% · DAL 98% |
| Air Freight & Logistics | 12 | -22.2% | -29.0% | -37.4% | FDX 79% · EXPD 77% · CHRW 68% |
| Human Resource & Employment Services | 22 | 6.2% | -20.8% | -42.6% | BBSI 64% · ADP 43% · KFY 3% |
| Airport Services | 3 | -77.8% | -78.5% | -72.1% | JOBY -37% · ASLE -72% · UP -100% |
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Peer Comparisons
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 12.29 |
| Mkt Cap | 0.8 |
| Rev LTM | 1,233 |
| Op Inc LTM | 72 |
| FCF LTM | 0 |
| FCF 3Y Avg | -2 |
| CFO LTM | 45 |
| CFO 3Y Avg | 60 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.2% |
| Rev Chg 3Y Avg | 7.1% |
| Rev Chg Q | 6.9% |
| QoQ Delta Rev Chg LTM | 1.7% |
| Op Inc Chg LTM | 6.1% |
| Op Inc Chg 3Y Avg | 5.0% |
| Op Mgn LTM | 4.3% |
| Op Mgn 3Y Avg | 7.1% |
| QoQ Delta Op Mgn LTM | 0.8% |
| CFO/Rev LTM | 16.8% |
| CFO/Rev 3Y Avg | 21.0% |
| FCF/Rev LTM | -10.5% |
| FCF/Rev 3Y Avg | -11.3% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Natural gas (NG) Trading | 1 | 1 | 6 | 2 | |
| Heat Recovery Solutions | 1 | 0 | 0 | 0 | 1 |
| Waste to Energy | 0 | 1 | 0 | 0 | |
| Engineering and Manufacturing | 0 | 0 | 0 | 0 | 0 |
| Clean Energy Technologies (Cety) Europe | 0 | ||||
| Total | 2 | 2 | 7 | 3 | 1 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Waste to Energy | 1 | 0 | 0 | ||
| Heat Recovery Solutions | 0 | 0 | 0 | 1 | 1 |
| Engineering and Manufacturing | 0 | -0 | 0 | -0 | 0 |
| Discontinued operations | 0 | ||||
| Operating expense from discontinued operations | 0 | ||||
| Other income and expenses from discontinued operations | 0 | ||||
| Liquefied natural gas (LNG) Trading | -0 | ||||
| Operating expense | -4 | ||||
| Consulting Engineering | -0 | -0 | -0 | -0 | |
| Depreciation and Amortization | -0 | -0 | -0 | -0 | |
| Facility lease and Maintenance | -0 | -0 | -0 | -0 | |
| General and Administrative expense | -1 | -1 | -0 | -0 | |
| Natural gas (NG) Trading | 1 | 1 | |||
| Professional Fees Legal & Accounting | -0 | -0 | -0 | -0 | |
| Salaries | -2 | -1 | -1 | -0 | |
| Travel | -0 | -0 | -0 | -0 | |
| Clean Energy Technologies (Cety) Europe | 0 | 0 | |||
| Bad debt expense | -0 | ||||
| Total | -3 | -3 | -1 | -2 | -1 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Engineering and Manufacturing | 6 | 3 | 3 | 6 | 4 |
| Liquefied natural gas (LNG) Trading | 3 | 2 | 3 | ||
| Heat Recovery Solutions | 2 | 2 | 4 | 3 | |
| Waste to Energy | 2 | 2 | 0 | 0 | |
| Clean Energy Technologies | 3 | ||||
| Natural gas (NG) Trading | 0 | ||||
| Clean Energy Technologies (Cety) Europe | 0 | ||||
| Total | 12 | 9 | 10 | 8 | 6 |
Price Behavior
| Market Price | $0.98 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 03/16/2018 | |
| Distance from 52W High | -64.4% | |
| 50 Days | 200 Days | |
| DMA Price | $0.98 | $0.85 |
| DMA Trend | down | up |
| Distance from DMA | -0.1% | 14.6% |
| 3M | 1YR | |
| Volatility | 60.6% | 167.3% |
| Downside Capture | -34.34 | 182.57 |
| Upside Capture | 49.83 | 44.57 |
| Correlation (SPY) | 1.6% | 10.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.47 | -0.64 | 0.12 | -0.14 | 3.71 | 0.91 |
| Up Beta | -5.76 | -1.62 | -2.57 | -0.42 | -9.38 | -1.50 |
| Down Beta | 2.98 | 2.19 | 3.85 | -0.16 | 0.73 | -0.08 |
| Up Capture | 56% | -38% | 51% | -4% | 1165% | -2% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 8 | 20 | 31 | 59 | 108 | 304 |
| Down Capture | 151% | -119% | -23% | -10% | 151% | 108% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 11 | 19 | 30 | 63 | 139 | 416 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CETY | |
|---|---|---|---|---|
| CETY | -62.9% | 167.1% | 0.04 | - |
| Sector ETF (XLI) | 9.2% | 17.5% | 0.34 | 9.5% |
| Equity (SPY) | 16.8% | 13.0% | 0.92 | 10.4% |
| Gold (GLD) | 3.2% | 29.5% | 0.11 | 7.3% |
| Commodities (DBC) | 44.6% | 20.9% | 1.66 | 4.7% |
| Real Estate (VNQ) | 1.6% | 13.7% | -0.13 | 8.6% |
| Bitcoin (BTCUSD) | -31.7% | 44.2% | -0.73 | 10.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CETY | |
|---|---|---|---|---|
| CETY | -56.1% | 726.4% | 0.44 | - |
| Sector ETF (XLI) | 12.6% | 17.6% | 0.54 | 2.4% |
| Equity (SPY) | 13.8% | 17.1% | 0.62 | 2.0% |
| Gold (GLD) | 18.4% | 18.9% | 0.79 | 5.4% |
| Commodities (DBC) | 10.3% | 19.6% | 0.40 | 3.5% |
| Real Estate (VNQ) | 0.8% | 18.8% | -0.07 | -2.2% |
| Bitcoin (BTCUSD) | 15.5% | 52.2% | 0.46 | 2.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CETY | |
|---|---|---|---|---|
| CETY | -29.9% | 658.5% | 0.44 | - |
| Sector ETF (XLI) | 13.1% | 20.1% | 0.57 | 2.3% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 1.7% |
| Gold (GLD) | 11.5% | 16.4% | 0.57 | 5.4% |
| Commodities (DBC) | 8.4% | 18.1% | 0.38 | 3.9% |
| Real Estate (VNQ) | 4.2% | 20.7% | 0.16 | -0.5% |
| Bitcoin (BTCUSD) | 64.0% | 66.2% | 1.04 | 2.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/19/2026 | 10-Q |
| 03/31/2026 | 07/27/2026 | 10-Q |
| 12/31/2025 | 06/05/2026 | 10-K |
| 09/30/2025 | 11/19/2025 | 10-Q |
| 06/30/2025 | 08/19/2025 | 10-Q |
| 03/31/2025 | 05/20/2025 | 10-Q |
| 12/31/2024 | 04/14/2025 | 10-K |
| 09/30/2024 | 11/19/2024 | 10-Q |
| 06/30/2024 | 08/19/2024 | 10-Q |
| 03/31/2024 | 05/20/2024 | 10-Q |
| 12/31/2023 | 04/17/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/22/2023 | 10-Q |
| 12/31/2022 | 04/17/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/19/2026 | 10-Q |
| 03/31/2026 | 07/27/2026 | 10-Q |
| 12/31/2025 | 06/05/2026 | 10-K |
| 09/30/2025 | 11/19/2025 | 10-Q |
| 06/30/2025 | 08/19/2025 | 10-Q |
| 03/31/2025 | 05/20/2025 | 10-Q |
| 12/31/2024 | 04/14/2025 | 10-K |
| 09/30/2024 | 11/19/2024 | 10-Q |
| 06/30/2024 | 08/19/2024 | 10-Q |
| 03/31/2024 | 05/20/2024 | 10-Q |
| 12/31/2023 | 04/17/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/22/2023 | 10-Q |
| 12/31/2022 | 04/17/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/22/2022 | 10-Q |
| 03/31/2022 | 05/16/2022 | 10-Q |
| 12/31/2021 | 04/15/2022 | 10-K |
| 09/30/2021 | 11/17/2021 | 10-Q |
| 06/30/2021 | 08/16/2021 | 10-Q |
| 03/31/2021 | 05/14/2021 | 10-Q |
| 12/31/2020 | 04/15/2021 | 10-K |
| 09/30/2020 | 11/23/2020 | 10-Q |
| 06/30/2020 | 08/14/2020 | 10-Q |
| 03/31/2020 | 06/30/2020 | 10-Q |
| 12/31/2019 | 05/28/2020 | 10-K |
| 09/30/2019 | 11/14/2019 | 10-Q |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Industrial Machinery & Supplies & Components Resources |
| Machine Design |
| Modern Machine Shop |
| Industrial Equipment News (IEN) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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