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Video: What is a Stock Split?
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Clean Energy Technologies is an offshore holding company. Through its subsidiaries, Co. develops renewable energy products and solutions. Co.'s principal businesses include: Waste Heat Recovery Solutions, in which Co. recycles wasted heat produced in manufacturing, waste to energy and power generation facilities using its Clean Cycle generator to create electricity which can be recycled or sold to the grid; and Waste to Energy Solutions, in which Co. converts waste products created in manufacturing, agriculture, wastewater treatment plants and other industries to electricity, renewable natural gas, hydrogen and bio char which are sold or used by its customers. According to our CETY split history records, Clean Energy Technologies has had 1 split. | |
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Clean Energy Technologies (CETY) has 1 split in our CETY split history database. The split for CETY took place on June 23, 2000. This was a 1 for 10 reverse split, meaning for each 10 shares of CETY owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as Clean Energy Technologies conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the CETY split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Clean Energy Technologies shares, starting with a $10,000 purchase of CETY, presented on a split-history-adjusted basis factoring in the complete CETY split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
01/20/2023 |
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End date: |
04/30/2024 |
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Start price/share: |
$4.69 |
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End price/share: |
$1.50 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-68.02% |
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Average Annual Total Return: |
-59.13% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$3,198.45 |
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Years: |
1.27 |
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Date |
Ratio |
06/23/2000 | 1 for 10 |
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