SCWO - 374Water: Q4 Earnings May Provide Catalyst For A Sustained Rally

2024-02-21 06:36:27 ET

Summary

• 374Water's stock has stabilized after a drop in December, with potential for forward-looking growth despite poor Q3 results.
• The company's SCWO technology converts waste to clean water and has numerous applications.
• Collaborations with the Department of Defence and Global Partners for Development demonstrate the potential for scaling production and sales of 374Water's units.

Intro

We wrote about 374Water, Inc. (SCWO) back in September last year when we stated that the company's game-changing technology had the potential to seriously transform the fortunes of the company. Shares at the time were trading at $1.26 per share which means they have gained roughly 10% over the past 4+ months. Shares did drop close to the $1 level in December of last year but as we see below, the stock has stabilized somewhat since then with the intermediate histogram having bounced into positive territory....

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