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“Thought leadership should be an entry point to a relationship. Thought leadership should intrigue, challenge, and inspire even people already familiar with a company. It should help start a relationship where none exists, and it should enhance existing relationships.” -Daniel Rasmus
Sophic Capital: Latest Research
Cybersecurity Roundup – Part 2
Themes, Trends, and Plurilock's Strategic Position 2025 Trends: Proactive Defense and Strategic Opportunities As we move into 2025, the cybersecurity landscape continues to evolve at an unprecedented pace. The rapid advancements in artificial intelligence (AI), the...
Cybersecurity Roundup – Part 1
Themes, Trends, and Plurilock's Strategic Position 2024 in Review: A Cybersecurity Imperative Cybersecurity became a critical operational focus in 2024, with attacks on governments and enterprises escalating worldwide. Compliance demands increased alongside a...
American Aires – Price is STILL Right
In Sophic Capital’s American Aires – Price is Right report, we demonstrated through peer company analysis how American Aires Inc. (CSE:WiFi, OTCQB:AAIRF) was both very effective at generating gross profit from marketing spend and was undervalued on that basis, at that...
Sophic Capital: Latest Research
Sophic Capital: Past Research
Sophic Capital UGE is a full lifecycle developer and operator of U.S. community solar projects. The Company’s energy subscribers range from individual households to large corporate clients like T-Mobile and Bloomberg. UGE also works with landowners and commercial & industrial building owners, by leasing their land or roof space to host a solar project. This report looks at how UGE finances its projects. 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. 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. 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. 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 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. Solar projects under construction sell for multiples much higher than what the markets value UGE International.
Illuminating Sustainable Cash Flow
Sunny Side Up
A “Sun-sational” Take on Community Solar
Clearing the Way for Largest Climate Package in U.S. History
Solar is Hot – Community Solar is Hotter
UGE Backlog Continues to be Undervalued
Market Undervalues UGE Versus Peer Transactions
UGE Sells Solar Facility Well Above Current Implied Valuation
Sizzling Solar Project Valuations Bode Well For UGE