HENDERSON, NV / ACCESSWIRE / March 7, 2019 / Below are several alternative energy stocks leading the market. One trend to watch in the space is microgrid technology. From California to the Pacific Islands, microgrids are taking center-stage. Palau, a Pacific island nation and the 13th smallest country in the world, but has committed to building what would be the world's largest microgrid - 35MW of solar panels paired with 45 megawatt-hours of energy storage. This effort is part of the nation's goal to transition to 70% renewable energy by 2050, recognizing that islands are on the front lines of experiencing the effects of climate change and stand as ground zero for the global energy transition. Microgrids are one of the best solutions we have for the energy challenges that come along with natural disasters. With climate change increasing the frequency of these disasters, microgrids will be increasingly sought after by organizations that cannot afford to lose power. According to Markets and Markets "The microgrid market is expected to grow from USD 19.22 billion in 2017 to USD 39.10 billion by 2023, at a CAGR of 11.97% during the forecast period." GTM Research forecasts $12.5 billion in microgrid investment within the United States over the next six years.
One company in the space to research is CleanSpark, Inc. (CLSK). They have been ranked in the top 10 microgrids by Navigant Research. CLSK has an up to $18 million deal with NYSE company MAC, which has completed an acquisition adding $3.6 million in gross sales to CLSK's bottom line during early 2019 alone.
Today we are highlighting: CleanSpark, Inc. (CLSK), MKS Instruments, Inc. (MKSI), BWX Technologies, Inc. (BWXT), First Solar, Inc. (FSLR), and Pattern Energy Corp. (PEGI).
CleanSpark, Inc. (CLSK) (Market Cap: $153.93M; Share Price: $3.71) has been doing a lot to impress investors. Besides the aforementioned deals, they are also a hot company in the cannabis space due to their microgrid power solution for the cannabis industry that cuts the monthly electricity bill of indoor grow-houses by up to 82%.
The company that counts itself as one of the very few OTC companies on the LD Micro Index (only 4% of the 1000 companies are OTC listed), has taken another step towards its growth trajectory by executing its contract outside of the United States (a tech. consultant on a large industrial park in Costa Rica).
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MKS Instruments, Inc. (MKSI) (Market Cap: $4.378B; Share Price: $80.78) announced a new program that provides easy online access to thousands of MKS vacuum products designed for labs, R&D and engineering facilities. Under the banner "Research takes time. Ordering your lab equipment shouldn't.", the new Ultra-High Velocity (UHV) Program from MKS offers thousands of vacuum products in stock, a new streamlined online ordering experience and free two-day shipping in the United States.
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BWX Technologies, Inc. (BWXT) (Market Cap: $4.656B; Share Price: $49.08) reported record fourth quarter 2018 revenue of $478 million, an 11% increase compared with $430 million in the fourth quarter of 2017. GAAP net income for the fourth quarter 2018 was $21.9 million, or $0.22 per diluted share, compared with a net loss of $15.7 million, or a loss of $0.16 per share, in the prior-year quarter. Non-GAAP net income for the fourth quarter 2018 was $73.0 million, or $0.74 per diluted share, compared with $47.5 million, or $0.47 per diluted share in the prior-year quarter.
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First Solar, Inc. (FSLR) (Market Cap: $5.388B; Share Price: $51.37) recently reported their 4th quarter numbers as well. FSLR reported fourth-quarter net income of $52.1 million after reporting a loss in the same period a year earlier. The Tempe, Arizona-based company said it had net income of 49 cents per share. The company posted revenue of $691.2 million in the period and net income of $144.3 million.
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Pattern Energy Group (PEGI) (Market Cap: $2.025B; Share Price: $20.64) recently reported their 4th quarter numbers as well; the company had an adjusted EBITDA of $372 million, up 8% and revenue of $483 million, up 18%.
Legal Disclaimer:
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 $80,000 for services for February. Regal was paid an additional $30,000 for March services and possibly compensated more for March services in the future, at which time Regal will update this disclaimer. 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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