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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's newest self-financed project and its backlog are discussed in a PI Financial report.
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Devin Schilling, PI Financial

"UGE International Ltd. announced that it has signed an agreement to develop, build, own and operate a new community solar project located in New York. . .the 1.6 MW rooftop project represents the company's largest yet in the metro-New York region and continues UGE's momentum in rapidly growing the project backlog. . .at this time, we anticipate this project could generate US$0.3–0.4M in high-margin annual recurring revenue once deployed and operational."

UGE International Ltd. reported operating and financial results for Q1/21 that included a growth in self-financed project backlog at quarter end to 70.5 MW.
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Devin Schilling, PI Financial

"UGE International Ltd. now has three self-financed solar facilities operational and another 40 in the project backlog. We view the company as being well on its way to building out a long-term (high-margin) recurring revenue stream through its transition into a solar asset owner-operator."

The investment thesis on UGE International is provided in an Eight Capital report that initiates coverage.
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UGE International Ltd. signed an agreement to construct and operate a new community solar project in Peekskill, N.Y., adding US$2.3 million to its project backlog.
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Sean Keaney, Eight Capital

"We are initiating coverage of UGE International Ltd. with a Buy recommendation. . .despite the company's incredible share price performance over the past year, the market continues to underappreciate the updated business model, and UGE is trading at a discount to its intrinsic value."

Devin Schilling, PI Financial

"UGE International Ltd. announced that it has signed agreements to develop, build, own and operate a rooftop community solar project located in Peekskill, N.Y. . .the new project adds approximately $2.3M to the company's backlog and once operational, it is expected to generate recurring revenue of $0.25M/year."

UGE International Ltd. reported it entered into agreements to design and build two separate solar projects in Maine and Maryland with 9.0MW DC of combined power generation capacity.
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Devin Schilling, PI Financial

"UGE International Ltd. announced that it has signed agreements for the development of new solar projects in Maine and Maryland. . .the projects are expected to have a combined project backlog value of about $18M and generate about $1.6M in annual recurring revenue. Both projects are anticipated to be UGE International financed, resulting in higher margins."

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

"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."

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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More Expert Comments

Experts Following This Company

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

Company News

6/14/2021 – UGE Secures Debt and Tax Equity for Next Two NYC Community Solar Projects

6/9/2021 – UGE Secures Its Largest Metro NYC Community Solar Project

5/28/2021 – UGE Reports First Quarter 2021 Financial Results

5/25/2021 – UGE Announces Release Date for Q1 2021 Financial Statements and Webinar Details

5/17/2021 – UGE Files Amended and Restated Quarterly Financial Statements

5/17/2021 – UGE to Present at Sidoti Virtual Microcap Investors on Wednesday, May 19, 2021

5/10/2021 – UGE Reports Fiscal Year 2020 Financial Results

5/7/2021 – UGE International Ltd. (OTCQB: UGEIF) (TSX.V: UGE) Featured in Coverage of Sidoti's Virtual Microcap Conference

5/3/2021 – UGE Provides Update on Late Filing of Audited 2020 Financial Statements

4/27/2021 – UGE Announces Anticipated Late Filing of Audited 2020 Financial Statements

4/23/2021 – UGE International Common Shares Now DTC Eligible

4/19/2021 – UGE to Restate Quarterly Financial Statements

4/12/2021 – UGE Announces Q1 2021 Project and Corporate Updates

4/7/2021 – UGE Adds Two Additional Community Solar Projects in NYC

3/30/2021 – UGE Continues Community Solar Acceleration with new Projects in Westchester, NY

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.

The Expert Opinions above are excerpted from third-party sources not affiliated with or controlled by Streetwise Reports. The statements or opinions expressed in the Expert Opinions above are those of the authors indicated, and Streetwise Reports has not verified the accuracy of material excerpted here. Publications excerpted above may receive payment or sponsorship from the company mentioned.

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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
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)