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)
Tetra Tech • Mistras • Hill International • VSE • AECOM • 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)
10-Q
2024 Q1
Quarterly report
15 May 24
S-1/A
IPO registration (amended)
26 Apr 24
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
Latest ownership filings
4
Todd Robert Michaels
30 May 24
4
Cory Gerald Hunt
16 Feb 24
3
Alina Zagaytova
18 Jan 24
3
Christine Gulbranson
17 Jan 24
3
Loren Van Themaat Johan Ver
17 Jan 24
4
Jason Loyet
27 Oct 23
4
Todd Robert Michaels
27 Oct 23
3
Eli Albrecht
27 Oct 23
4
Cory Gerald Hunt
11 Oct 23
4
G ROBERT POWELL
11 Oct 23
Financial summary
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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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 |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 101.67 k | 101.67 k | 101.67 k | 101.67 k | 101.67 k | 101.67 k |
Cash burn (monthly) | 436.90 k | 53.31 k | 993.80 k | 666.24 k | 425.34 k | 215.59 k |
Cash used (since last report) | 904.09 k | 110.32 k | 2.06 mm | 1.38 mm | 880.16 k | 446.12 k |
Cash remaining | -802.43 k | -8.65 k | -1.95 mm | -1.28 mm | -778.49 k | -344.45 k |
Runway (months of cash) | -1.8 | -0.2 | -2.0 | -1.9 | -1.8 | -1.6 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
23 May 24 | Todd Robert Michaels | Warrant Common stock | Grant | Acquire A | No | No | 0.85 | 80,000 | 68.00 k | 1,344,000 |
23 May 24 | Todd Robert Michaels | Convertible Promissory Note Common stock | Grant | Acquire A | No | No | 1.25 | 64,000 | 80.00 k | 1,264,000 |
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 |