UGE International
UGE:TSXV; UGEIF:OTC
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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.
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.
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Another great company offsite in the books! We connected with colleagues old and new; discussed successes, lessons learned, and opportunities in our work; and got artistic with a glass painting class 🎨 Feeling energized and excited to get back to work! It's official! We're so excited to embark on this next phase of growth with NOVA Infrastructure. Together we will expand our impact bringing accessible renewable energy to communities across the U.S. We're excited to contribute to the doubling of #CommunitySolar over the next five years! Wood Mackenzie: U.S. community solar to double in five years Cumulative community solar installations are forecast to increase from less than 7 GW installed today to over 14 GW by 2029. pv-magazine-usa.com Check out our guide to the Domestic Content Adder for solar developers! Introduced as part of the #InflationReductionAct, the Adder helps developers like us support a domestic solar manufacturing industry. Thanks to @Solar_Builder for publishing! A solar developer's guide to capitalizing on the Domestic Content Adder The Domestic Content Adder is designed to strengthen the U.S. solar equipment manufacturing industry. bit.ly Fly over our newly completed #CommunitySolar project in Staten Island, New York! With this project energized, we now have 10 rooftop solar projects in metro #NYC within our operating portfolio. ☀️@UGE_Intl Achieves Commercial Operation for Rooftop Community Solar Project in Staten Island, New York Looking to learn the latest about the #environment sector in Canada? In this edition: #cleanenergy milestone happening at @UGE_Intl; #energytransition funds available via @ECC_GovNL; @PollutionProbe report reveals state of #climateaction; and more. An exciting new statistic: 𝟴𝟬% of electric capacity additions so far this year have been #solar. Adding wind, renewables represent 99% of all capacity additions. #CommunitySolar is delivering on its promise to expand #EnergyEquity, a recent study from @BerkeleyLab has confirmed. The study found that community solar subscribers are 6x more likely to live in multifamily housing and 4x more likely to be renters. Evaluating community solar as a measure to promote equitable clean energy access Nature Energy - Drawing from data on 11 US states, here the authors find evidence to suggest that community sola... bit.ly After 10 years a public company, we've entered into an arrangement agreement for a go-private transaction with NOVA Infrastructure.
https://ugei.com/nova-completes-purchase-of-uge-international/
Operating portfolio now stands at 7.1MW
UGE also has 18.1MW in deployment and construction
Full PR ==>
[TSXV: $UGE.V] [OTC: $UGEIF]
https://email.listman.ca/view.php?email=EJN0284&id=713178
https://pv-magazine-usa.com/2024/06/13/solar-represents-64-of-u-s-electric-capacity-additions-in-2024/
We're thrilled about the prospect of working with NOVA to supercharge our growth and expand our impact. Learn more: https://bit.ly/3Kmt8hu
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