Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update


Developer of Energy Storage System Receives Orders Worth $2.4M
News Update

Share on Stocktwits


Product shipments by Eguana Technologies are up over the last fiscal year.

Eguana Technologies Inc. (EGT:TSX.V; EGTYF:OTCQB) garnered new orders valued at about $2.4 million for its Evolve residential energy storage system, it announced in a news release.

The Calgary, Alberta-based company aims to fulfill these orders, primarily from California and Hawaii, in the next two to three months.

"The company has confirmed Evolve manufacturing and shipments continued throughout the COVID-19 pandemic, albeit at a slower pace, as a result of minor disruptions in its supply chain throughout February. In Hawaii, Evolve installations continued on schedule throughout February and March and are expected to increase through June as a result of the new orders," the release noted.

"The team has done a tremendous job managing our supply chain and servicing our customers through a very difficult and challenging time," said Eguana CEO Justin Holland. "Their efforts have resulted in a 26% increase in the number of systems shipped in the first half of the fiscal year compared to the entire fiscal 2019."

"2020 is already shaping up to be a record year for Eguana in North America as we continue to grow our solar dealer and solar wholesale distributor network," Director of Global Sales Livio Filice said in the release.

In other news, Eguana expanded its partnership with solar equipment distributor, CED Greentech's Southern California branches. They are San Diego, Riverside, Coachella Valley, Orange County, Los Angeles and Ventura.

As for Northern California, Eguana intends to launch Evolve there over the ensuing 90 days, targeting areas that were heavily impacted by forest fires.


1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Eguana Technologies. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Eguana Technologies. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Eguana Technologies, a company mentioned in this article.

Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe