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| We are urging all of our subscribers to add CETY to their watchlist right now, and be ready to trade tomorrow when the clock strikes 9:30am EST. |
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 Hot Stock to Watch |
Company: Clean Energy Technologies, Inc. (Pink Sheets: CETY)
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Last:
Price: 0.058
Change (%): - 0.002 (3.33)
Volume: 83,000 |
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CETY operates in a niche clean-energy market and is trading well below its 52-week high. CETY is currently priced at less than 6-cents per share with an extremely tight float to boot! It's been quite some time since we issued a low-float alert that was trading this cheap...
CETY designs, builds and markets clean energy products focused on energy efficiency and environmentally sustainable technologies. The Company's principal product is the Clean CycleTM generator, offered by Heat Recovery Solutions, or HRS. The Heat Recovery Solutions system captures waste heat from a variety of sources and turns it into electricity that users can use or sell back to the grid. CETY's proven cutting-edge technology allows any commercial or industrial heat generators to boost their overall energy efficiency with no fuel, no pollutants and virtually no maintenance. The Company's engineering and manufacturing resources, support our heat recovery solutions business, as well as continuing to support other Clean Energy emerging growth companies with their technologies. CETY is positioned to become a worldwide leader in ever expanding energy efficiency market.
Recent News
Clean Energy Technologies, Inc. (CETY) Reports 2015 Results and Provides 1st Quarter 2016 Guidance
COSTA MESA, Calif., May 3, 2016 /PRNewswire/ -- Clean Energy Technologies, Inc. (OTC: CETY), a cleantech company offering heat recovery solutions, today provided 2015 financial results and issued 1st quarter 2016 revenue guidance.
Highlights for the year ended December 31, 2015 include:
On September 11, 2015 Clean Energy HRS LLC ("CE HRS"), a wholly owned subsidiary of CETY, entered into an Asset Purchase Agreement with General Electric International, Inc. ("GEII"), pursuant to which the Company acquired GEII's Heat Recovery Solutions ("HRS") assets, including intellectual property, patents, trademarks, machinery, equipment, tooling and fixtures. The HRS assets will be used by the Company to manufacture and commercialize Organic Rankine Cycle ("ORC")-based heat recovery power systems. GEII had the assets, including inventory, leases, fixed assets and patents on their books at approximately $10M. For more information please refer to our 2015 10K filings.
The Company re-located to integrate the HRS assets with the Company's existing business at our new HRS facility in Costa Mesa, California.
During the second and third quarter of 2015, we were primarily focused on completing the acquisition and integrating the HRS assets into our Company. All the while we were diligently working on obtaining additional clients for our HRS assets, which ultimately led to us receiving our orders in the fourth quarter which has led to approximately 1.2 Million dollars of revenue and approximately 150K dollars of EBITDA and approximately 50K dollars of profitability in the 1st quarter of 2016.
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