HENDERSON, NV / ACCESSWIRE / April 12, 2019 / The Nasdaq Clean Edge Green Energy Index (CELS) posted a 14.1% gain in the first quarter of the year (ended March) beating the S&P by slightly more than a full percentage point. The CELS is a 42-stock, modified market-cap based index meant to reflect the renewable and clean energy industry.
Why did eco stocks outperform the market? Ron Pernick, Founder and Managing Director of Clean Edge, the index developer, suggests a raft of publicity that got people thinking about the necessity of combating climate change from a drumbeat of news about how renewable energy sources are replacing coal as an electricity source to why the space performed so well.
One area that will be key to the green revolution are microgrids. CleanSpark, Inc. (CLSK) is a microgrid cleantech on the rise. Recently, the company 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.
In recent news, CleanSpark, Inc. (CLSK) (Market Cap: $147.262M; Share Price: $3.42) 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.
Another potential moneymaker for CLSK is their microgrid power solution for the cannabis industry, which 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.
Ballard Power Systems (BLDP) (Market Cap: $784.89M; Share Price: $3.39) announced that its subsidiary, Ballard Power Systems Europe A/S, has signed an Equipment Supply Agreement with one of Norway's largest ferry and express boat operator, Norled A/S. Per the terms, the company will provide two next-generation 200 kilowatt (kW) modules that will be used to power a hybrid ferry planned to begin operating in 2021. The modules will be designed and manufactured at the new Marine Center of Excellence in Hobro, Denmark.
Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane fuel cell products worldwide. The company offers heavy duty modules, fuel cell stacks, backup power systems, and portable power/ unmanned aerial vehicles, and material handling products. In addition, it provides technology solutions comprising engineering services and technology transfer services, as well as licenses and sells intellectual property portfolio for various fuel cell applications. It provides clean energy products that reduce customer costs and risks, and helps customers solve difficult technical challenges or address new business opportunities.
Plug Power Inc. (PLUG) (Market Cap: $651.224M; Share Price: $2.67), a leader providing energy solutions that change the way the world moves, has added Lipari Foods to its growing customer list in hydrogen powered e-mobility. Lipari Foods has selected Plug Power GenDrive fuel cells and GenFuel hydrogen fueling station solutions to power the electric material handling vehicles at its campus in Warren, Michigan.
Plug Power Inc., an alternative energy technology provider, engages in the design, development, manufacture, and commercialization of hydrogen and fuel cell systems for the material handling and stationary power markets primarily in North America and Europe. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and related hydrogen storage and dispensing infrastructure. Plug Power is the innovator that has taken hydrogen and fuel cell technology from concept to commercialization. Plug Power has revolutionized the material handling industry with its full-service GenKey solution, which is designed to increase productivity, lower operating costs and reduce carbon footprints in a reliable, cost-effective way.
Capstone Turbine Corporation (CPST) (Market Cap: $67.298M; Share Price: $0.94), the world's leading clean technology manufacturer of microturbine energy systems, announced this week that its global distributor network signed multiple industry-leading Factory Protection Plan (FPP) service contracts covering a combined total of 30.7 megawatts (MW) during the fourth quarter of fiscal 2019. This brings the total Capstone fleet covered under FPP to a record 241.7 MWs. "With these new FPP contracts, our existing FPP backlog ends the year at the highest level in the company's history, eclipsing our last record at the end of fiscal 2017," said Jeff Foster, Capstone's Senior Vice President of Customer Service and Product Development.
Capstone Turbine Corporation develops, manufactures, markets, and services microturbine technology solutions for use in stationary distributed power generation applications worldwide. It offers microturbine units, components, and various accessories for applications, including cogeneration comprising combined heat and power (CHP) and integrated CHP, as well as combined cooling, heat, and power; and renewable energy, natural resources, and critical power supply. The company's microturbines are also used as battery charging generators for hybrid electric vehicle applications. It is the world's leading producer of low-emission microturbine systems and was the first to market commercially viable microturbine energy products.
ALLETE, Inc. (ALE) (Market Cap: $4.199B; Share Price: $81.35) will announce its financial results for the first quarter before the stock markets open on Thursday, May 2, 2019. Following the release, ALLETE Chairman and Chief Executive Officer Alan R. Hodnik, President Bethany M. Owen, Senior Vice President and Chief Financial Officer Robert J. Adams, and Vice President, Controller and Chief Accounting Officer Steven W. Morris will present an overview of results and discuss other factors affecting performance during a conference call beginning at 10:00 a.m. Eastern time.
ALLETE, Inc. operates as an energy company. The company operates through three segments: Regulated Operations, ALLETE Clean Energy, and U.S. Water Services. It generates electricity from coal-fired, wind, hydroelectric, natural gas-fired, biomass co-fired, solar, and other sources. The company provides regulated utility electric, natural gas, and water services. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth; BNI Energy, based in Bismarck, N.D.; and has an 8 percent equity interest in the American Transmission Co.
Priyanka Goel, CFA
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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