UGE International
UGE:TSXV; UGEIF:OTC
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Clearing the Way for Largest Climate Package in U.S. History
The U.S. Senate passed the Inflation Reduction Act of 2022, a bill that provides $369 billion of support to address climate change and energy security. Learn how the solar industry and UGE International can benefit.
Solar is Hot – Community Solar is Hotter
In the U.S., 80% of households and 90% of businesses can’t install solar systems. Community solar allows individuals and businesses to unlock power bill savings without having to install their own solar systems. UGE International is one of the few public companies for investors to participate in the U.S. community solar industry.
A Particularly Taxing Time for Canadian Micro- and Small-Cap Stocks
After a strong start, 2021 obliterated Canadian sub-$100 million market cap stocks. As of November 30, the median stock in this group was trading at only ~38% of its 52-week highs.
Not down 38% – DOWN 62%!
As Jeff Bezos said over 20 years ago:
“The stock is not the company. And the company is not the stock.”
The same is true for THIS list of Canadian micro- and small cap names that have been pounded by 2021 tax loss selling.
UGE Backlog Continues to be Undervalued
Industry valuations of solar projects under development suggest that UGE International’s current 83.7MW project backlog is undervalued.
UGE’s goal of 120MW of project backlog by the end of 2021 makes the Company’s current undervaluation even more compelling.
Applying peer transactions to UGE’s 357MW (net of backlog) pipeline potentially puts the stock in future multi-bagger territory.
Company Tweets
Commercial solar projects in the U.S. are expected to double by 2025, adding 27 GW to the grid in the next three years. https://www.utilitydive.com/news/meta-facebook-amazon-apple-walmart-expand-solar-power-capacity/637555/ #commericalsolar Join us at 11:00am ET today (11/29) for our Q3 2022 Financial Results Webinar - register here: https://ugei.com/register/ Thank you U.S. Department of Energy @ENERGY for honoring our work with Tuckahoe Housing Authority as part of the The Sunny Awards for Equitable Community Solar! https://www.energy.gov/communitysolar/sunny-awards-equitable-community-solar Within solar, the IRA was arguably most beneficial to community solar. $UGEIF $UGE.V @UGE_Intl CEO on the 2Q call talked about being able to capture an ITC as high as 60% on certain projects. A helpful article on what the IRA means for community solar. Another important reminder that there is no time to waste. Our transition from fossil fuels to #cleanenergy must accelerate now. https://time.com/6225631/climate-goals-un-report-global-warming/
https://www.solarpowerworldonline.com/2022/10/states-will-be-deciding-factor-in-community-solars-ira-trajectory/?utm_source=SolarWakeup&utm_campaign=8ca0701509-SolarWakeup_2_182_16_2013_COPY_01&utm_medium=email&utm_term=0_5eaa0aab62-8ca0701509-44297536&mc_cid=8ca0701509&mc_eid=45a89db343
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