CSIMarket Company Name, Ticker, Competitors, else..
 
Ocean Thermal Energy Corporation  (CPWR)
Other Ticker:  
 
    Sector • Utilities    Industry • Electric Utilities
   Industry • Electric Utilities
   Sector • Utilities
 
Price: $0.0063 $-0.01 -55.000%
Day's High: $0.0145 Week Perf: -56.55 %
Day's Low: $ 0.01 30 Day Perf: -37.62 %
Volume (M): 9 52 Wk High: $ 0.02
Volume (M$): $ 0 52 Wk Avg: $0.01
Open: $0.01 52 Wk Low: $0.00



 Market Capitalization (Millions $) 1
 Shares Outstanding (Millions) 184
 Employees 10
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -7
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Ocean Thermal Energy Corporation
The Company develops projects for renewable power generation, desalinated water production, and air conditioning using proprietary intellectual property designed and developed by its own experienced oceanographers, engineers, and marine scientists. Plants using its technologies are designed to extract energy from the temperature difference between warm surface ocean water and cold deep seawater at a depth of approximately 3,000 feet. We believe these technologies provide practical solutions to mankind’s fundamental needs for sustainable, affordable energy; desalinated water for domestic, agricultural, and aquaculture uses; and cooling, all without the use of fossil fuels.


   Company Address: 3675 Market Street Philadelphia 19104 PA
   Company Phone Number: 299-1344   Stock Exchange / Ticker: CPWR
   CPWR is expected to report next financial results on November 07, 2023.


   

Stock Performances by Major Competitors

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Vivopower International Plc

Vivopower International Plc Faces Shocking -47.79% Revenue Drop in Q4 2023



Vivopower International Plc recently disclosed its disappointing financial results for the April to June 30, 2023 quarter. The company witnessed a significant decline in revenue by -47.79% to $10.74 million, which led to a shortfall per share of $-0.17. However, it's worth noting that these results need to be evaluated in the context of the prior reporting period, where the company had achieved exceptional performance. This article will delve into the reasons behind the decline, assess the impact on the company, and explore the potential for future growth.
Revenue Meltdown:
VVPR's revenue for the April to June 30, 2023 quarter experienced a drastic decline of -47.79% compared to the previous year. This sudden drop raises concerns among investors about the sustainability of the company's operations. However, it's essential to consider the pandemic's ongoing impact on global markets, which may have caused supply chain disruptions and reduced customer demand. These external factors have likely contributed to the revenue meltdown seen within the electric utilities industry.
Ocean Thermal Energy Corporation

Ocean Thermal Energy Corporation Shows Impressive Growth Despite Operating Shortfalls, Becoming More Competitive in the Electric Utilities Sector



Ocean Thermal Energy Corporation (OTEC) has recently released its financial results for the period of April to June 2023, revealing certain adjustments that stockholders had not anticipated. Despite facing operating shortfalls, a closer look at the figures suggests that the company is becoming more competitive and cost-effective. Additionally, OTEC's stock performance throughout the year has been impressive, with significant gains and steady growth.
Financial Analysis:
1. Operating Shortfall:
During the April-June 2023 period, OTEC experienced an operating shortfall of $-0.362602 million. This indicates that the company struggled to generate enough revenue to cover its expenses. However, compared to the previous quarter, OTEC's performance has improved significantly. In Q2 2022, the operating shortfall was $-0.389763 million, demonstrating the company's progress in becoming more cost-effective.
Genie Energy Ltd

Genie Energy Ltd Defies Market Trends, Achieving Remarkable Revenue Growth Despite Industry Challenges

Genie Energy Ltd (GNE) recently announced its financial results for the April to June 30, 2023 fiscal period, and it is evident that the company has faced some challenges. Despite a decline in income per share and net income, Genie Energy managed to see a significant increase in revenue during a period when the Electric Utilities industry as a whole experienced a decline.
In terms of earnings per share, Genie Energy saw a decrease from $1.30 in the same time frame a year ago to $0.57 this year. This drop may be concerning to some investors, as a substantial decline in earnings per share usually raises red flags. However, it is important to note that while the income per share declined, the revenue increased by 24.574%. This indicates that Genie Energy has been successful in growing its top line revenue despite the challenges faced by the industry.
Clearway Energy Inc

Clearway Energy Inc. sets the stage on fire with remarkable Q2 2023 earnings!

Clearway Energy Inc, a leading renewable energy company, has released its financial results for the period ending June 30, 2023. The company achieved a break-even point of $0.00 per share, representing a significant improvement compared to $0.30 per share in the same period last year and $0.37 per share in the preceding quarter. This is a positive sign for investors as it shows that the company has managed to cut its losses and stabilize its financial position.
One of the key drivers behind Clearway Energy's improved performance is its revenue growth. The company reported a 6.842% increase in revenue to $406.00 million, up from $380.00 million in the same quarter last year. This growth is even more impressive when compared sequentially, as the revenue surged by 40.972% from $288.00 million. This indicates that Clearway Energy has successfully expanded its operations and is generating more income from its renewable energy projects.





 

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