UGE:TSX.V; UGEIF:OTCQB

UGE International Ltd.

UGE brings solar projects to life by developing, building, and financing the full lifecycle of solar PV systmes for commercial and industril clients. With a track record of successfully executing more that 600 projects, UGE is a North American leader in this industry. UGE grew more than 200% in 2017 as it builds on its early-mover advantage, and sees the industry growing reapidly for many yeards to come as the low cost of solar opens new opportunities for the company.
UGE:TSX.V UGEIF:OTCQB

Expert Comments:

The key reasons why UGE International is a compelling investment opportunity are presented in a PI Financial report.
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UGE International Ltd. reported it has been named to the 2021 TSX Venture 50 list of the top 50 performing companies on the TSX Venture Exchange.
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Devin Schilling, PI Financial

(2/22/21)
"We are initiating coverage on UGE International Ltd. with a Buy rating. . .with a turnaround largely complete and a strategic shift entering into the owner/operator business model behind it, we believe the company is well positioned to benefit from the rapidly growing solar market."

Clive Maund, CliveMaund.com

(2/3/21)
"This looks like a classic entry point for UGE International Ltd. after its recent reaction back to the lower boundary of its uptrend channel. . .moving averages are in bullish alignment. . .current light volume suggests that the stock is about to start higher again."

UGE International provided an update on its project and corporate activities during Q4/20.
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Ahmad Shaath, Beacon Securities Ltd.

(1/14/21)
"We are initiating coverage of UGE International Ltd. with a Buy rating. . .the company offers investors a unique opportunity to gain exposure to this highly profitable segment where project economics are in the 15–20% (levered internal rate of return). . .we estimate UGE is on track to be an operator of more than 100 MW of capacity of U.S.-based solar assets by FY24E, with another approximately 200 MW in backlog."

UGE International reported that just prior to year-end 2020 it secured a contract to build a new US$9.9 million, 5.4MW DC community solar project in the State of Maine.
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UGE International secured three new NYC community solar projects with combined capacity of 1.5 MW, increasing its project backlog by US$3 million.
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Sophic Capital

(11/8/20)
"Developing, building, owning and operating community solar projects is one aspect that makes UGE International Ltd. unique in this industry. . .what many building owners do understand is leasing their properties. . .this creates a win/win situation for the company and building owners. UGE gets recurring revenue from selling solar energy from its projects, and landlords get recurring revenue from leasing their rooftops to UGE."

Clive Maund, CliveMaund.com

(10/26/20)
"We missed the chance to book another fast profit in UGE International Ltd. when it formed a short-term peak on Oct. 15 and having missed, decided to sit it out and wait for it to turn higher again. That it did, rather spectacularly, on Oct. 23 with a 19% gain on the biggest volume in its history by far."

Clive Maund, CliveMaund.com

(10/20/20)
"Price/volume action of UGE International Ltd. stock since the mini-peak on Oct. 15 looks positive, with a modest reaction and volume dropping back, especially today. It therefore looks likely that it will take off to new highs soon, so we stay long."

UGE International's commercial operation on first self-financed projects and project backlog currently exceed $100 million.
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UGE International reported it has executed agreements to develop, build and finance two community solar projects in the State of Maine.
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More Expert Comments

Experts Following This Company

Clive Maund – CliveMaund.com
headshot of Sean Peasgood
Sean Peasgood, President ande CEO – Sophic Capital
Devin Schilling – PI Financial
Ahmad Shaath – Beacon Securities Ltd.

The information provided above is from analysts, newsletters, the company and other contributors.

UGE International Ltd. is a former sponsor of Streetwise Reports. The company's sponsorship fees paid for Streetwise Reports to create this "Investor Summary Page," to which links were placed on Streetwise Reports' websites and newsletters. Streetwise Reports did not accept stock for the payment of fees. See disclaimer for more details.

The company description, investing highlights and catalyst calendar on this page were prepared by the company. The Expert Comments and Experts Following This Company sections of this page are compiled by Streetwise Reports. There may be other information about the company that is not placed on this page. Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on this page.

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Readers should conduct their own research for all information publicly available concerning the company.

Investing Highlights
 
Value – market cap approx. 1/8th of backlog of $83m USD as of 6/30/2020
 
Building cash flow positive and recurring revenue focused business
 
Commercial/community solar sector growing rapidly; UGE a leader in its target regional markets
catalyst Calendar
Q3
2020
Spotlight on Maine expansion
Q4
2020
Reaching $100m in backlog – approx. Oct 2020
Q4
2020
Profitable quarterly results: Q3 2020 (released Nov 2020)
Q4
2020
Closing project financing: tax equity in Oct 2020, Philippines in Sept 2020, and Green Bond in Nov
Q1
2021
Profitable quarterly results: Q4 2020 (March 2021)