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.

Expert Comments:

UGE International provided an update on its project and corporate activities during Q4/20.
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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

"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,

"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,

"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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Clive Maund,

"A fine tight bull flag/pennant has developed with UGE International Ltd. stock that promises another potentially strong upleg, which is made more likely by the volume dieback of recent days. The company is therefore rated an Immediate Buy here for a significant upleg that looks set to start very soon or immediately."

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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Clive Maund,

"With a bulging order book and its debt problems diminishing, UGE International Ltd. is well placed to enter a major bull market, which is what it appears to be doing right now. . .the outlook for the company is now so good that it is thought better not to take profits unless it gets really overbought but rather to buy or add to positions on any significant reaction."

UGE International reports a record gross margin of 58% in the second quarter.
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Clive Maund,

"UGE International Ltd. stock is already turning up from support and is well placed to advance, initially to the resistance at the top of the recent trading range. The factors favorable for immediate advance are the rising 50-day moving average coming into play beneath and the moving average convergence divergence rising through its moving average, with its histogram having climbed back to the zero line, which frequently leads to an advance."

UGE International opens an office in the state to capitalize on the new, growing market.
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More Expert Comments

Experts Following This Company

Clive Maund –
headshot of Sean Peasgood
Sean Peasgood, President ande CEO – Sophic Capital

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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
Spotlight on Maine expansion
Reaching $100m in backlog approx. Oct 2020
Profitable quarterly results: Q3 2020 (released Nov 2020)
Closing project financing: tax equity in Oct 2020, Philippines in Sept 2020, and Green Bond in Nov
Profitable quarterly results: Q4 2020 (March 2021)