Correlate Energy Corp. (OTCQB: CIPI) is a publicly-traded company strategically positioned to capitalize on America’s unstoppable trend toward decentralized energy generation. The company employs a three-pronged strategy aimed at creating stockholder value from this multi-trillion-dollar trend. First, Correlate seeks to finance, develop, and profitably sell localized clean energy solutions and microgrids to industrial, commercial, and residential customers. Secondly, Correlate plans to retain ownership of some of these energy systems and thereby realize ongoing, reliable cash flow. Third, Correlate seeks to acquire proven renewable energy companies in order to exponentially grow earnings per share for investors. Correlate’s management and board consist of industry experts who, during their careers, have successfully financed, developed, and installed over two billion dollars of clean energy projects for their clients. To learn more go to: https://www.correlate.energy/investors.
Company profile
Ticker
CIPI
Exchange
Website
CEO
Donald Lawhorne
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
AECOM • Tetra Tech • Mistras • VSE • Hill International • Ecology & Environment • Englobal • Acorn Energy • Willdan • Galenfeha ...
Former names
Correlate Infrastructure Partners, Inc., FRONTIER OILFIELD SERVICES INC, TBX RESOURCES INC, TRICCAR INC.
SEC CIK
Corporate docs
IRS number
752592165
CIPI stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
12 Apr 24
S-1/A
IPO registration (amended)
5 Apr 24
10-K
2023 FY
Annual report
1 Apr 24
S-1/A
IPO registration (amended)
24 Jan 24
8-K
Departure of Directors or Certain Officers
9 Jan 24
S-1/A
IPO registration (amended)
15 Dec 23
UPLOAD
Letter from SEC
5 Dec 23
S-1/A
IPO registration (amended)
1 Dec 23
10-K/A
2022 FY
Annual report (amended)
27 Nov 23
CORRESP
Correspondence with SEC
27 Nov 23
Latest ownership filings
Financial summary
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Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 3.22 mm | 3.22 mm | 3.22 mm | 3.22 mm | 3.22 mm | 3.22 mm |
Cash burn (monthly) | (no burn) | (no burn) | 529.51 k | 369.35 k | (no burn) | 16.44 k |
Cash used (since last report) | n/a | n/a | 3.53 mm | 2.46 mm | n/a | 109.57 k |
Cash remaining | n/a | n/a | -310.65 k | 756.75 k | n/a | 3.11 mm |
Runway (months of cash) | n/a | n/a | -0.6 | 2.0 | n/a | 189.1 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
13 Feb 24 | Cory Gerald Hunt | Common Stock | Option exercise | Acquire M | Yes | No | 0.25 | 2,306,032 | 576.51 k | 2,906,032 |
13 Feb 24 | Cory Gerald Hunt | Warrant Common Stock | Sale back to company | Dispose D | Yes | No | 0.25 | 2,700,000 | 675.00 k | 3,127,858 |
24 Oct 23 | Todd Robert Michaels | Common Stock | Buy | Acquire P | Yes | No | 0 | 2,423 | 0.00 | 2,423 |
24 Oct 23 | Todd Robert Michaels | Common Stock | Buy | Acquire P | No | No | 0 | 4,154 | 0.00 | 3,391,614 |
Press releases
Sun Seems to Be Shining on Solar as Costs Continue to Decline - Wins for Correlate Energy in 2023, and Its Plans for 2024
26 Mar 24
One Of Illinois's Largest Rooftop Solar Power Facilities Operational Thanks To Correlate Energy
22 Feb 24
Correlate and Carbonsight Partner, Unleashing Data-Driven Decarbonization and Sustainable Energy Solutions
7 Feb 24