Birchtech Corp. (BCHT) Stock

Birchtech Corp. (BCHT) is a Technology stock trading at $1.36 (as of 2026-08-20), with a market capitalization of $35.78M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Birchtech Corp., an environmental services and technology company, engages in developing and delivering solutions to the power industry in the United States and internationally. It provides mercury capture solutions. Its Sorbent Enhancement Additive (SEA) technology offers total mercury control with solutions based on a thorough scientific understanding of actual and probable interactions involved in mercury capture in coal-fired flue gas. The company is also involved in the extraction and processing of rare earth elements. In addition, it provides water purification solutions that focus on PFAS/PFOS removal from potable water. Birchtech Corp. was formerly known as Midwest Energy Emissions Corp. and changed its name to Birchtech Corp. in October 2024. The company is headquartered in Corsicana, Texas.

Understand Birchtech Corp.: how it makes money

Birchtech Corp. develops and delivers environmental services and technology for the power industry, including mercury capture solutions (SEA technology), and it also operates in rare earth element extraction and PF-focused water purification.

The business profit engine is the commercialization of its environmental technology solutions, where demand from industrial customers (notably power) converts technology delivery into revenue, and profitability depends on how efficiently those solutions can be delivered versus ongoing operating costs.

Business quality (Weak): Clear technology focus across mercury capture (SEA), rare earth extraction, and water purification, but the available information does not provide segment revenue detail or operating KPIs, making it harder for investors to pinpoint what specifically drives quarter-to-quarter performance.

Bull case

  • Technology-led mercury control offering: Its Sorbent Enhancement Additive (SEA) technology is designed to provide total mercury control based on scientific understanding of mercury capture interactions in coal-fired flue gas.
  • Multiple environmental solution areas: Beyond mercury capture, it is also involved in rare earth elements extraction and processing and provides water purification solutions focused on PF.

Bear case

  • Loss-making operating profile in the latest period: For the quarter ended 2026-03-31, operating margin was -27.1%, indicating operating losses despite a 32.6% gross margin.
  • Limited transparency on what drives results: No official reportable segment breakdown or operational KPI labels were provided, so it is difficult to isolate which business area is the main driver of operating performance.
  • Exposure to industrial demand and adoption risk: Because its core solutions are aimed at the power industry and related environmental needs, its results may depend on customer adoption and purchasing decisions for its mercury capture and related solutions.
Valuation — source: SEC EDGAR (first-party)
Price$1.36
Market Cap$35.78M
Price / Book4.39
Price / Sales1.82
FCF Yield-31.4%
DCF Value (model)$2.87
DCF Upside vs Price111.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$17.63M
Net Margin-17.2%
Revenue Growth (YoY)1.3%
FCF Growth (YoY)-85.2%
Financial Health — source: SEC EDGAR
Altman Z-Score-9.44 (distress)
Valuation vs Sector & Industry
Sector P/E (Technology)33.9
Industry P/E (Measuring & Control Equipment)51.8
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderHEARTLAND ADVISORS INC ($1.90M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryMeasuring & Control Equipment
CEOJames Trettel
Employees12
CountryUS
IPO Date2012-04-10

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BCHT earnings history · BCHT institutional & insider holders · BCHT KPIs & operating metrics · BCHT financials · BCHT investor presentations & press releases · BCHT SEC filings · BCHT peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.