CA - Midwest Energy Emissions: Market Cap In Cash With Numerous Large Growth Opportunities

2024-03-28 00:30:44 ET

Summary

• Midwest Energy Emissions secured a $57 million judgment in its favor. Additionally, it is estimated that other parties settled for an additional $30-40 million.
• $90-100 million in cash is roughly equal to MEEC's current market capitalization. These funds will be utilized to improve the balance sheet and drive growth in new end markets.
• The significant victory is anticipated to result in a doubling or tripling of the base mercury removal business within the next 12-24 months.
• Forever Chemicals is a large opportunity for the company starting in the second half of 2024 and rapidly expanding in 2025 and beyond.
• Rare Earth Element products should add meaningful revenues beginning in 2026.

Summary

We've had a lot of requests to add another article to our series on MEEC to reflect the recent trial win. This article serves as a follow-up to our previous piece, which outlined the settlement reached with approximately half of the defendants involved in MEEC's refined coal lawsuit.

Both of these articles build upon our initial piece from June 2021. For those seeking insight into the company's background and the lawsuit, we recommend starting with our first article....

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