Additional Sales in Europe Propel Green Tech Company Higher

Additional Sales in Europe Propel Green Tech Company Higher

By: Tomas Ronolski - News

Tuesday, October 27, 2020

After a significant slide from early-September levels, shares of Clean Energy Technologies, Inc. (OTCQB:CETY) perked higher on the announcement that its Heat Recovery Solution business (HRS) has secured an additional order of 2 new units, equal to $1.1M US, from Corycos Group for a landfill biogas waste-to-energy plant in Turkey .

CETY has already had inquiries for 8 new units within the region, and across Europe, as this solution provides landfill owners and operators with long term power purchase agreements, additional revenue and higher return on investment.

With shares back near their summer lows, investors will look to see if today’s news will catalyze the stock higher in the days ahead. Shares of CETY are up 5.88% to $0.018 in early-afternoon trading.  The stock is near a key support around $0.016 which will have to hold in the coming days, otherwise selling pressure could intensify.

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