UGE International

UGE International


Capital Structure

Sophic Insights

A Particularly Taxing Time for Canadian Micro- and Small-Cap Stocks

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

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.

Market Undervalues UGE Versus Peer Transactions

Market Undervalues UGE Versus Peer Transactions

After strong shareholder returns in 2020, 2021 could be another strong year for UGE International, a developer and operator of community solar projects (mostly in the U.S.). Why? Compared to solar project peer transactions, the market is undervaluing UGE shares. Plus, almost C$7 million was added to UGE’s balance sheet this week, in an oversubscribed offering.

UGE Sells Solar Facility Well Above Current Implied Valuation

UGE Sells Solar Facility Well Above Current Implied Valuation

UGE International announced the sale of one of its completed solar projects (AND 3 new ones AND the completion of another).

Last week, Sophic Capital wrote that solar projects under construction have sold for multiples much higher than what the market values UGE International.

UGE’s project sale multiple shows that the market still undervalues the Company.

Company Tweets

We're #hiring! Join a mission-driven team working to bring affordable, renewable energy to communities around the world. We'd love to hear from you! https://ugei.com/about/#careers

UGE saw exponential growth in 2021. We secured rights to develop 98 new MW of solar, enough to power >20,000 homes; expanded our projects into 4 new states, and doubled the team to match our rapid growth. 2022 is going to be even better so get involved! https://ugei.com/

Excited to see #bipartisan support for #CommunitySolar continuing to grow and more states focused on bringing solar's benefits to low-income communities. 2022 is going to be an exceptional year for community solar and we're proud to be part of the growth! https://bit.ly/34nHht9

It's always great to catch up with UGE Intl CEO @NickBlitterswyk. Find out what @UGE_Intl has been up to lately. https://www.youtube.com/watch?v=rWzJG7vPKNs $UGE.V

Get the latest on community solar developer/owner/operator UGE International from this @StockNewsNow interview.


Hear UGE's CEO present Wednesday at 11am ET at https://bit.ly/3dmtLY5

$UGE.CA $UGEIF @SolarWakeup @SolarEnergyNews

Our CEO @NickBlitterswyk was on @BloombergRadio last week discussing our country's transition to #renewableenergy, expanding access to affordable #solar, and how the Infrastructure Bill & trade reform will take solar development to the next level 🚀 https://apple.co/3E7ceP8

Pleased to announce we've entered #Massachusetts with a portfolio of over 100MW of solar + storage as well as standalone storage projects! https://bit.ly/30svurD #batterystorage #solarenergy

The cost of electricity is rising not just in Maine, but across the country. With its fixed discount rate, #CommunitySolar becomes an even more appealing option for families and businesses looking to save on their growing energy bills. https://bit.ly/3H99tyM

Did you know that Community Solar is the fastest growing segment of the U.S. solar market?📈 Learn all about #CommunitySolar and where it's headed on this week's Solar Maverick Podcast with @benoit212, ft. our very own Managing Director Mateo Chaskel! https://apple.co/31FMXgF

📢We've teamed up with @TMobile! UGE will provide clean #solarenergy to the wireless provider to offset its CO2 usage by 2,600+ tons per year. We're thrilled to be helping #TMobile reach its commitment to be powered with 100% #renewableenergy! https://bit.ly/3BFQPKZ #TeamMagenta

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