With Earth Day this month, this is a great time to look at clean energy investment opportunities…
A company to watch in the space is CleanSpark, Inc. (CLSK), a microgrid company with several revenue generating projects. It released an Edgar filing reporting $20 million in financing in the form of Debenture, the Series B Preferred Stock, the Warrant and the Common Stock. With the warrants being priced $3.50 per share with respect to 2,000,000 Warrant Shares, $4.00 with respect to 100,000 Warrant Shares, $5.00 with respect to 100,000 Warrant Shares, $7.50 with respect to 50,000 Warrant Shares and $10.00 with respect to 50,000 Warrant Shares, the parties are surely anticipating growth. This committed financing will help accelerate the development and deployment of CleanSpark’s Distributed Energy Resource (DER) Solutions to commercial customers. CLSK has outlined several initiatives in their recent letter to shareholders. Start your research now.
Today we are highlighting: CleanSpark, Inc. (CLSK), Enphase Energy, Inc. (ENPH), Ocean Power Technologies, Inc. (OPTT), Cirrus Logic, Inc. (CRUS), and SunPower Corporation (SPWR).
This financing is the latest in a long string of positive announcements by CleanSpark, Inc. (CLSK) (Market Cap: $109.370M; Share Price: $2.54). The company engaged a firm to navigate their up listing, announced the near completion of a $900k contract to install a CLSK microgrid at a U.S. Marine Corps Base and has been progressing on a $18.3 million deal with NYSE company, MAC. Continue reading to learn why now is the time to start your research on CLSK.
It had recently announced that it has delivered approximately $357,000 in custom electrical equipment to customers and received new orders of approximately $438,000 since the closing of the definitive agreement on January 22, 2019 to acquire the intellectual property of Pioneer Critical Power Inc. The custom equipment backlog has increased to approximately $3.9 million, an increase of approximately 8.3% from the backlog levels on the date of acquisition. Their acquisition of intellectual property of Pioneer Critical Power Inc., has already been a boon for their bottom line. CLSK’s microgrid energy solution for the cannabis industry dramatically decreases the cost of energy associated with producing each pound of valuable cash crop. A cannabis business using $90,000 per year in energy has the potential to reduce its operating costs (flowering stage) from $270/lb. to $200/lb., producing a 15% ROI over 10 years.
Enphase Energy, Inc. (ENPH) (Market Cap: $1.126B; Share Price: $10.21), a global energy technology company and the world’s leading supplier of solar microinverters, announced on April 15 that over 2,500 homeowners have joined the Enphase Upgrade Program, a service program that gives homeowners several options for upgrading to the latest, more efficient and reliable microinverters from Enphase. This program is for warranty holders of legacy Enphase microinverters and represents the company’s continued commitment to quality and service. It announced recently that the company will host a conference call and webcast on Tuesday, April 30, 2019 at 4:30 p.m. Eastern Time to discuss its first quarter 2019 financial results for the period ended March 31, 2019.
Enphase Energy, Inc., together with its subsidiaries, designs, develops, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter that converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control services. It sells its solutions primarily to distributors, as well as directly to large installers, original equipment manufacturers, strategic partners, and homeowners. It revolutionized solar with its microinverter technology and produces the world’s only truly integrated solar plus storage solution. Enphase has shipped more than 19 million microinverters, and over 855,000 Enphase systems have been deployed in more than 125 countries.
Ocean Power Technologies, Inc. (OPTT) (Market Cap: $7.76M; Share Price: $2.79), a leader in innovative and cost-effective ocean energy solutions, announced on April 9 the closing of its previously announced offering of common stock, pre-funded warrants and common warrants (the “Offering”). At the closing, the company issued 900,000 shares of common stock, pre-funded warrants exercisable for 3,385,680 shares of common stock and common warrants exercisable for 4,285,680 shares of common stock.
Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves primarily in North America, South America, Europe, Australia, and Asia. It offers PowerBuoy system that generates power for use independent of the power grid in remote offshore locations. Its PowerBuoy® and subsea battery solution product lines, along with its Innovation and Support Services provide clean and reliable electric power and real-time data communications for remote offshore and subsea applications in markets such as oil and gas, defense and security, science and research, and communications. The company focuses on serving public and private entities, and agencies that require remote offshore power.
Cirrus Logic, Inc. (CRUS) (Market Cap: $2.793B; Share Price: $47.22) announced in 1st week of April that the company will post its fourth quarter and full fiscal year 2019 financial results and business outlook on the investor relations area of its website on Wednesday, May 1, at approximately 4 p.m. EDT. Cirrus Logic will host a live Q&A webcast session at 5 p.m. EDT that same day to answer questions related to its financial results and business outlook.
Cirrus Logic, Inc., a fabless semiconductor company, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs) for a range of consumer and industrial markets. The company offers portable and non-portable audio, and other products. Its products include analog and mixed-signal audio converters, and digital signal processing products for mobile applications; codecs-chips that integrate analog-to-digital converters and digital-to-analog converters into a single IC; smart codecs, a codec with digital signal processer; boosted amplifiers; micro-electromechanical systems microphones; digital interface products; and standalone digital signal processors. With headquarters in Austin, Texas, Cirrus Logic is recognized globally for its award-winning corporate culture.
SunPower Corporation (SPWR) (Market Share: $1.089B; Share Price: $7.65) continues to capture a large share of the distributed generation solar market, according to the U.S. Energy Information Administration. In Wood Mackenzie’s latest U.S. PV Leaderboard report made available last month, SunPower remained the No. 1 provider of commercial solar solutions for a second year running. And as an essential partner to its nationwide residential dealer network, the company also maintained a leadership position as one of the top residential solar panel manufacturers for the second consecutive year. It will discuss its first-quarter 2019 financial results on a conference call, Thursday, May 9, 2019 at 1:30 p.m. Pacific Time.
Recently, Sub-Zero Group, Inc., the industry leader in premium refrigeration, cooking equipment and dishwashing appliances, commissioned a 3.94-megawatt SunPower solar energy system, designed and installed by Chandler-based Sun Valley Solar Solutions.
As one of the world’s most innovative and sustainable energy companies, SunPower Corporation researches, develops, manufactures, and delivers solar solutions worldwide. It operates through three segments: Residential, Commercial, and Power Plant. The company provides solar power components, including panels and system components, primarily to dealers, system integrators, and distributors. It also offers commercial rooftop and ground-mounted solar power systems, and residential mounting systems.
– Priyanka Goel, CFA
This article was written by Regal Consulting, LLC (“Regal Consulting”). Regal Consulting has agreed to a three-month term consulting agreement with CLSK dated 9/12/18. The agreement calls for $10,000 in cash, and 30,000 restricted 144 shares of CLSK per month. Regal and CLSK have signed an amendment to extend the contract for twelve months starting 10/10/18, and increased the cash component to $20,000 per month. CLSK has paid an additional $12,000 for services provided in November. CLSK has paid an additional $88,000 for services provided in December. CLSK has paid an additional $100,000 for services for January. CLSK has paid an additional $100,000 for services for February. Regal was paid an additional $100,000 for March services. CLSK has paid an additional $100,000 for services for March. CLSK has paid an additional $80,000 for services for April. CLSK has paid All payments were made directly by Clean Spark, Inc. to Regal Consulting, LLC. to provide investor relations services, of which this article is a part of. Regal Consulting also paid one thousand dollars cash to microcapspeculators.com to distribute this article. Regal Consulting may have a position in the securities mentioned in this article at the time of publication, and may increase or decrease its position without notice. This article is based on public information and the opinions of Regal Consulting. CLSK was given an opportunity to edit this article. This article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any results predicted herein. Regal Consulting is not registered with any financial or securities regulatory authority, and does not provide or claim to provide investment advice.
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