Rain Enhancement Technologies (RAIN)
Builds ground-based ionization systems for rain, snowpack and fog enhancement.
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Develops and plans to commercialize ground-based WETA systems that use atmospheric ionization to enhance naturally occurring rain or snow, with fog mitigation as another application. Its one-to-many model retains system ownership while seeking to sell prioritized use or precipitation services to multiple nearby customers.
Develops, manufactures and seeks to commercialize the Weather Enhancement Technology Array, a ground-based, solar-powered system that combines ionization hardware, meteorology, monitoring software and field operations. The systems are intended to enhance naturally occurring rainfall or snowfall by charging aerosols when atmospheric conditions are suitable, without aircraft-delivered chemical seeding.
Pursues rainfall enhancement, snowpack enhancement and fog mitigation. Operations were centered on deployments in Colorado and Utah alongside an Australian fog-mitigation pilot, with a model designed to sell prioritized use or precipitation services from a single installation to multiple nearby customers.
Remains in early commercialization: its core AEI business had not established revenue. Results depend on atmospheric moisture and updrafts, permits and public-sector processes, licensed patent rights, technical personnel and a small employee base supported by contractors.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $32.6K · Total debt $9.0M · Total assets $2.4M · Shareholders' equity −$12.2M
- Revenue
- $0
- Operating income
- −$3.1M
- Net income
- −$3.2M
No dividends on record.
| Institutions | 7.71% | 902.2K shares | |
|---|---|---|---|
| 16 holders · as of Jun 30, 2026 | |||
| Insiders | 65.01% | 7.61M shares | |
| 10 holders · as of Aug 20, 2026 | |||
| Other | 27.28% | 3.19M shares | |
| remainder | |||
11.70M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (11.70M in the company's Sep 22, 2026 report, 9.98M elsewhere); stakes use the report.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Harry L. You1Insiderdirector, 10 percent owner | 38.64% | 4.52M A | filed Jun 9, 2026 |
Paul T. DacierInsider10 percent owner | 15.90% | 1.86M A | filed Feb 10, 2025 |
Randy SeidlInsiderdirector, officer: Chief Executive Officer | 6.45% | 754,834 A | filed Aug 20, 2026 |
LMR Partners LLPInstitution | 5.23% | 611,776 | filed Feb 17, 2026 |
Meteora Capital, LLCInstitution | 5.01% | 585,802 A | as of Jun 30, 2026 |
- Harry L. You's transaction reports restate only vehicles that traded; the 2026 ownership statement (4.52M) is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 19, 2026 | Randy Seidl | director, officer: Chief Executive Officer | +110,000 | $0.9475 |
| May 22, 2026 | Randy Seidl | director, officer: Chief Executive Officer | +4,000 | $2.58 |
| May 21, 2026 | Randy Seidl | director, officer: Chief Executive Officer | +30,000 | $2.53 |
| May 20, 2026 | Randy Seidl | director, officer: Chief Executive Officer | +8,514 | $1.73 |
| May 20, 2025 | Randy Seidl | director, officer: Chief Executive Officer | +8,514 | $1.73 |
