374Water Inc (SCWO)

In the past six months, 374Water, Inc.'s stock has experienced notable fluctuations, with a 52-week trading range between $1.60 and $10.90. As of early February 2026, the closing price was around $3.09. Key events impacting the stock include earnings reports, a leadership change with Stephen J. Jones appointed as interim President and CEO, regaining compliance with NASDAQ listing requirements, strategic agreements and funding including a collaboration with Crystal Clean and funding from the State of Minnesota, open-market purchases by insiders, a proposed reverse stock split, and deployment delays for the AS6 system to Orange County Sanitation.

While there is a clear and growing market demand for 374Water, Inc.'s AirSCWO technology and waste destruction services, driven by increasing environmental regulations and the need for sustainable waste treatment, no specific information regarding the seasonality of this demand was found. The demand appears to be consistently strong due to ongoing regulatory pressures and the persistent nature of the waste streams it addresses.

374Water, Inc. (SCWO) is a US-based cleantech company focused on innovative solutions for wastewater treatment and waste management. The company operates within the Industrials sector, specifically in the Pollution & Treatment Controls and Industrial Products industries. Its core business revolves around its patented AirSCWO™ (Supercritical Water Oxidation) technology, which transforms various wet wastes into recoverable resources such as clean water, minerals, and energy. The AirSCWO system is designed to efficiently destroy and mineralize a broad spectrum of organic wastes, boasting enhanced performance and safety.

374Water, Inc. primarily provides its technology and services in the United States, serving a diverse client base including municipal, Department of Defense, Department of Energy, Federal Aviation Agency, waste management, and industrial manufacturing and compliance sectors. Additionally, it targets sanitation projects in developing countries. While based in Morrisville, North Carolina, the company's manufacturing operations have commenced in Kokomo, Indiana. 374Water also has plans for international expansion.

In the past year, 374Water, Inc. has cultivated a positive brand reputation through technological validation, demonstrating the destruction of toxic PFAS, clear and growing market demand for its waste destruction services, strategic partnerships and funding, and leadership and investor confidence.

374Water, Inc. has 68 institutional owners and shareholders, holding a total of 8,206,970 shares. Major institutional shareholders include Vanguard Total Stock Market Index Fund Investor Shares (VTSMX), Icon Wealth Advisors, LLC, Millennium Management Llc, Vanguard Extended Market Index Fund Investor Shares (VEXMX), Geode Capital Management, Llc, BlackRock, Inc., Captrust Financial Advisors, Raymond James Financial Inc, Congress Wealth Management LLC / DE /, and iShares Russell 2000 ETF (IWM). As of late 2025, institutional holdings represented approximately 8.94% of shares outstanding, while individual insiders held about 45.39%, and the general public held 45.66%.