HENDERSON, NV / ACCESSWIRE / April 18, 2019 / With the need to combat climate change transforming into a necessity rather than an option, the drumbeat for major change in the energy sector begins to get louder. This led to Nasdaq Clean Edge Green Energy Index (CELS) posting a 14.1% gain in the first quarter of the year (ended March) besting the S&P. Clean energy investments are hot and we are highlighting a few today.
One clean energy company we like is a microgrid company that has had a busy news year. Recently, CleanSpark, Inc. (CLSK) closed on $5 million round of funding, engaged a firm to navigate their up listing, and as far as currently operation go, announced the near completion of a $900k contract to install a CLSK microgrid at a U.S. Marine Corps Base and have 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.
Today we are highlighting: CleanSpark, Inc. (CLSK), Brookfield Renewable Partners L.P. (BEP), Covanta Holding Corporation (CVA), Ameresco, Inc. (AMRC), and Canadian Solar Inc. (CSIQ).
In recent news, CleanSpark, Inc. (CLSK) (Market Cap: $141.665M; Share Price: $3.29) 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.
The company also has potential in the cannabis industry. Its microgrid power solution for the cannabis industry can reduce energy costs by up to 82%. This represents a huge potential revenue stream for the company. Due to this fact, the company has stated that marketing to cannabis companies is one of their top initiatives for 2019.
Brookfield Renewable Partners L.P. (BEP) (Market Cap: $9.793B; Share Price: $31.53) recently announced the 2019 First Quarter Conference Call and Webcast set for Thursday, May 2, 2019 at 9:00 a.m. (Eastern Time) to discuss results and current business initiatives with members of senior management. These results will be released on Thursday, May 2, 2019 at approximately 7:00 a.m. and will be available on the company website.
Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydro, wind, solar, cogeneration, and biomass sources. Its portfolio consists of approximately 17,400 megawatts of installed capacity. Brookfield Renewable Partners Limited operates as the general partner of Brookfield Renewable Partners L.P.
Covanta Holding Corporation (CVA) (Market Cap: $2.309B; Share Price: $17.60) will host a conference call at 8:30 AM (Eastern) on Friday, April 26, 2019 to discuss its first quarter results. A press release reporting Covanta's first quarter results will be issued after the market closes on April 25, 2019 and will also be available in the Investor Relations section of the company's website.
Covanta Holding Corporation, through its subsidiaries, provides waste and energy services to municipal entities primarily in the United States and Canada. It owns and operates infrastructure for the conversion of waste to energy, as well as engages in related waste transport and disposal, and other renewable energy production businesses.
Ameresco, Inc. (AMRC) (Market Cap: $745.438M; Share Price: $16.10) announced last week that it will release its first quarter 2019 financial results before the market opens on Tuesday, April 30, 2019.
Ameresco, Inc. provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S. Federal, Canada, and Non-Solar Distributed Generation segments. It designs, develops, engineers, and installs projects that reduce the energy, as well as operations and maintenance costs of customers' facilities.
Canadian Solar Inc. (CSIQ) (Market Cap: $1.121B; Share Price: $19.14) announced 2 weeks ago that its wholly owned subsidiary Recurrent Energy, LLC, has secured a $50 million letter of credit facility from multinational financial services firm, Natixis. The $50 million LC facility is to support the development of the company's utility-scale solar projects across the U.S. and Canada.
Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products primarily under the Canadian Solar brand name. The company operates through two segments, Module and System Solutions, and Energy. Its products include various solar modules that are used in residential, commercial, and industrial solar power generation systems.
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 $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 $30,000 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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