Small cap green stocks Essential Innovations Technology Corp (OTCBB: ESIV), Building Turbines Inc (OTCMKTS: BLDW) and Kleangas Energy Technologies Inc (OTCMKTS: KGET) have all been getting some attention lately in various investment newsletters – either because they were sinking, because of paid promotions or a combination of both. However, there aren’t many green stocks out there that have actually produced some green for investors in the form of profits. With that in mind, here is a quick reality check about all three green small cap stocks to help you decide whether any have the potential for long-term success:
Essential Innovations Technology Corp (OTCBB: ESIV) Announces New Distribution Agreements
Small cap Essential Innovations Technology Corp aims to provide eco-friendly lifestyle enhancement solutions for the betterment of energy, water, air and health as the company holds the exclusive global manufacturing, distribution and applications rights to the ‘Eximius Technologies - Extraordinary solutions for an ever-changing World.' On Friday, Essential Innovations Technology Corp sank 22.79% to $0.0525 for a market cap of $909,953 plus ESIV is up 4,275% over the past year and up 50% over the past five years according to Google Finance.
What’s the Catch With Essential Innovations Technology Corp? According to various disclosures, no transactions have occurred to mention Essential Innovations Technology Corp in various investment newsletters. Last Wednesday, Essential Innovations Technology Corp announced that it had secured the exclusive representation rights to the Philippines for the entire line of HVAC equipment manufactured by Mammoth China and the company has established a target goal of $500,000 worth of product sales through the end of calendar 2014. In addition and earlier in the week, Essential Innovations Technology Corp announced that it had finalized a partnership company to exclusively handle marketing and distribution activities in the Middle East and it had secured exclusive representation rights to Dubai and the United Arab Emirates (UAE) for the entire line of HVAC equipment manufactured by Mammoth China. A quick look at Essential Innovations Technology Corp’s financials reveals revenues of zero (most recent reported quarter), zero, $346k and $227k for the past four quarters along with net losses of $74k (most recent reported quarter), $86k, $1,245k and $1,108k. At the end of April, Essential Innovations Technology Corp had no cash to cover $1,118k in current liabilities. So perhaps all the recently announced agreements could help turn things around.
Building Turbines Inc (OTCMKTS: BLDW) Announces a New Project and a New Contract
Small cap Building Turbines is focused on the design and manufacture of patented rooftop wind turbines as well as vertically integrating them into other renewable energy solutions to complete a total “Green Energy Solution” for any urban environment. Building Turbines’ subsidiary, Green City Planet, is also a premier provider of LED lighting and environmentally sound industrial solutions. On Friday, Building Turbines rose 5.77% to $0.055 for a market cap of $11.91 million plus BLDW is up 144.4% over the past year and down 81% since June 2011 according to Google Finance.
What’s the Catch With Building Turbines Inc? According to various disclosures, transactions of $1k, $1.5k and $2k have or will occur to mention Building Turbines in various investment newsletters. Last Friday, Building Turbines’ announced it had been awarded their first nearly $1 million lease project (financed through Nsite Investment Group LTD) which will include a complete LED lighting retrofit for a 55,000 sq-ft office building in Austin plus the installation of a new Solar Parking Garage with a second 55,000 sq-ft building to follow shortly after (based on installation savings). In addition, Building Turbines announced it was awarded Preferred Vendor status for Harris County, Texas, for all of their Green Energy/Cost Saving Initiatives with the first project being a large county hospital with $400K allocated to their LED lighting upgrades alone. However and according to Google Finance, Building Turbines has reported no revenues; net losses of $0.10M (most recent reported quarter), $0.47M, $0.81M and $67.59M for the past four quarters; and no cash to cover $0.55M in current liabilities. So perhaps investor should wait for some of the recently announced projects or contracts to start actually producing revenues.
Kleangas Energy Technologies Inc (OTCMKTS: KGET) Gives as Update for Its Recently Announced JV
Formerly Windsor Resource Corp, small cap Kleangas Energy Technologies is primarily focused on green renewable energy and environmental technologies as it has a portfolio of technological projects that is wide ranging and covers the important area of clean sustainable energy for remote power, for remote locations. On Friday, Kleangas Energy Technologies fell 15% to $0.0017 for a market cap of $4.11 million plus KGET is down 98.3% since late July according to Google Finance.
What’s the Catch With Kleangas Energy Technologies Inc? According to various disclosures, transactions of $1k, $1.5k, $15k, $20k and $30k have or will occur to mention Kleangas Energy Technologies in various investment newsletters. Last Tuesday, Kleangas Energy Technologies gave an update on its joint venture project with Global Apollo KleanGas, Ltd. (GAK) which it has a 30% stake in. Apparently, GAK has submitted project proposals for its Global Apollo KleanGas Hydrogen Power Plants in Italy, Holland and Egypt with a target date of mid-September for the Italy and Holland projects and the sales price of the GAK systems ranging from $129,012 for the 100KW system up to $128,960,000 for the 100 MW systems. Kleangas Energy Technologies had only announced about two weeks ago that it had entered into an LOI to form a joint venture to develop hydrogen energy devices with Global Energy Technology, who are the developers of patent pending clean energy technologies and other components of remote power for the oil and gas exploration industry. However, investors should be aware that Kleangas Energy Technologies was formerly known as Windsor Resource Corp up until May 14 when it also began trading under the new trading symbol while on July 30th, the company announced that it had completed all of the regulatory requirements to become a Publicly Traded OTCQB fully reporting entity. For that reason, the financials posted on Google Finance aren’t too applicable anymore and investors might want to wait for some new ones to be posted.