374Water makes the SCWO supercritical water oxidation systems, which destroy PFAS and other hazardous organics in wastewater and industrial waste streams, and it sells them as equipment plus a growing services line. Revenue has grown 280% year over year, but gross margin is only 6.2% and operating margin is -71.7%, so the business is scaling volume faster than it is proving unit economics. The thesis rests on PFAS destruction becoming a regulated, mandated spend, which would give the technology a durable market, but the current numbers do not yet show a company that has crossed into profitability. At a $43M market cap with a -335% ROE and a score of 32/100, this is a name for a deeper look at backlog conversion and margin trajectory, not a conclusion.
Plain-English pros, cons, and what to watch. Pro feature.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 15 Oct 2026, 00:00 CEST | ACCE price target | $1.34 | first publication | $2.57 |
Answered from 374Water Inc. Common Stock fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| SCWO 374Water Inc. Common Stock | $2.36 | - | - | - | -335.4% | 31 | 31 |
| FTEK Fuel Tech Inc. Common Stock | $1.37 | - | - | - | -8.9% | 43 | 55 |
| QAIR.ST QleanAir AB (publ) | kr 18.20 | kr 33 | 45% below | 10.6x | 11.8% | 55 | 48 |
| ARQ Arq Inc. Common Stock | $1.75 | - | - | - | -27.1% | 39 | 27 |
| ALWTR.PA Watera | €0.93 | - | - | 9.3x | -68.7% | 47 | 52 |
| CLIR ClearSign Technologies Corporation Common Stock (DE) | $2.31 | - | - | - | -51.7% | 35 | 33 |
| TOMZ TOMI Environmental Solutions Inc. Common Stock | $1.46 | - | - | - | -168.8% | 25 | 36 |
Where SCWO ranks against its sector peers on each metric.