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 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.
Sizzling Solar Project Valuations Bode Well For UGE
Solar projects under construction sell for multiples much higher than what the markets value UGE International.
UGE: Solar Projects Are Shining Due to Strong Economics
In spite of the Blue-Wave that didn’t materialize in the 2020 U.S. election, solar stocks and the Invesco Solar ETF are hot.
Solar projects are hot due to government and utility incentives as well as an abundance of solar project financing.
UGE International [TSXV:UGE; OTC:UGEIF], a community solar project developer and operator, is a way to invest in the growing solar energy theme.