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Clean Energy Technologies

CETY
17
Industrial - Machinery · Industrials
Price
$0.88
-0.15 (-14.64%)
Market Cap
$4.6M
Exchange
NASDAQ Capital Market
Winston Score
17
Winston is worried
Weak fundamentals across most pillars.

Share count rising — dilution

+192.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 1.5M (2021) → 4.4M (2025)

Clean Energy Technologies, Inc. (CETY) makes equipment that captures waste heat from industrial processes and turns it into usable energy. Its main product is the Clean Cycle generator, which takes heat that factories and power plants would otherwise throw away and converts it into electricity. The company sells to industrial customers looking to cut energy costs and reduce emissions.

CETY earns revenue by selling its heat recovery systems and related services to industrial clients, primarily in North America and China. The company is very small, with a market cap near zero, and it operates at a significant loss — spending far more than it earns. Its competitive position depends on growing demand for energy efficiency solutions as industries face pressure to lower carbon emissions, but the biggest risk is that the company burns through cash quickly and may struggle to fund operations or scale without additional financing.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-25.1% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-96.6% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

56.5%ownership

Insiders own a meaningful stake in the company

Cash Runway

~2 months

$2M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Clean Energy Technologies has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin
-81.2%
Thin — -81.2% gross margin
Operating Margin
-114.0%
Losing money on operations — -114.0%
ROCE
-4.8%
Weak — -4.8% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
-10.8%
Shrinking sales (-10.8% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-389.8%
Burning cash (-389.8%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
0.35
Conservative — low debt load (0.35)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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