MassCEC is involved in funding climate solution innovation to meet Massachusetts emission reduction goals while growing the state’s clean energy economy.

Massachusetts Clean Energy Center (MassCEC)

Adept Materials develops technology that manages vapor, humidity, and temperature through a unique multifunctional material used in various applications.

Adept Materials

Boston Metal is a company that is developing Molten Oxide Electrolysis (MOE) technology to decarbonize steelmaking and recover high-value metals from mining waste. Their innovative approach offers a more efficient, lower cost, and greener solution for the production of a range of metals and alloys.

Jim Yurko

Donald Sadoway

Antoine Allanore

Boston Metal

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas. The company operates regulated water utilities that provide water services to approximately 226,000 customers. It serves residential, commercial, industrial, municipal and fire protection, and other customers in Connecticut, Massachusetts, and New Hampshire. The company was formerly known as Northeast Utilities and changed its name to Eversource Energy in April 2015. Eversource Energy is based in Springfield, Massachusetts.

Eversource Energy

MassCEC funds climate solution innovation to meet Massachusetts emission reduction goals while growing the state’s clean energy economy.

Metric
Company Name	Massachusetts Clean Energy Center (MassCEC)	Adept Materials	Boston Metal	Eversource Energy
Symbol				ES
MSH ID	COM:MASSCEC	COM:ADEPTMATERIALS	COM:BOSTONMETAL	COM:EVERSOURCE
Market	PRIVATE	PRIVATE	PRIVATE	STOCKS
Sector	Utilities	Consumer Goods	Steel Industry	Utilities
Industry	Clean Energy	Materials Science	Primary Metal Manufacturing	Regulated Electric
Country	US	US	US	US
Stage			Series C
Employee Count	101		176	10K
Website	masscec.com	adeptmaterials.com	bostonmetal.com	eversource.com
LinkedIn			bostonmetal
Founders

Metric
Market Cap		516.08M	20.46B
Enterprise Value
Monthly Web Traffic	32.64K
Web Traffic Growth	0.67
Valuation
Raised Capital		20M

Metric
Revenue				11.91B
Revenue (LTM)
Revenue (NTM)
Gross Profit				3.34B
EBITDA				3.22B
Operating Income				2.40B
Net Income				-442.24M
EPS				-1.27
Diluted EPS				-1.27
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin				0.35
Operating Profit Margin				0.22
EBITDA Margin				0.27
Net Profit Margin				-0.01
Return on Equity				-0.01
Return on Assets				-0.00
Return on Capital Employed				0.05

COM:MASSCEC

Massachusetts Clean Energy Center (MassCEC)

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio				16.15
P/B Ratio				0.70
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio				2.15
EV Multiple				-1.20

Metric
Days Sales Outstanding				42.63
Days Payables Outstanding				86.91
Days Inventory Outstanding				26.84
Operating Cycle				83.88
Cash Conversion Cycle				3.47
Asset Turnover				0.21

Metric
Operating Cash Flow				1.65B
Free Cash Flow				-2.69B
Cash Flow to Debt				0.07
Operating Cash Flow/Sales				0.17
Free Cash Flow Yield				-0.12

Metric
Cash & Equivalents				53.87M
Accounts Receivable				-124.39M
Inventory				507.31M
Goodwill				4.53B
Debt to Capitalization				0.66
Debt to Assets				0.46
Current Ratio				0.56
Quick Ratio				0.68

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue				0.03
R&D to Revenue
SG&A to Revenue