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Energy Companies Making Gains Through M&A

HENDERSON, NV / ACCESSWIRE / March 28, 2019 / The energy sector has rallied nearly 15% since the start of 2019. A few companies in the sector caught our eye with impressive M&A activity leading to improved balance sheets. Improvement on fundamentals should generally lead to increased share value, which is why we're highlighting these companies.

The top company on our list is CleanSpark, Inc. (CLSK). Their acquisition of intellectual property of Pioneer Critical Power Inc. has already been a boon for their bottom line. CLSK announced that it has delivered approximately $357,000 in custom electrical equipment to customers and received new orders of approximately $438,000. 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. The company anticipates delivery of the back-log orders to occur over the next two quarters of calendar year 2019.

Today we are highlighting: CleanSpark, Inc. (CLSK), NextEra Energy Partners, L.P. (NEP), NextEra Energy Inc. (NEE), ABB Ltd (ABB), and Wabtec Corporation (WAB).

CleanSpark, Inc. (CLSK) (Market Cap: $145.631M; Share Price: $3.51) will add the revenue from its acquisition of Pioneer Critical Power' Intellectual property to an already impressive list of accomplishments:

  • Closed a $5 million round of funding
  • Engaged a firm to navigate the company's up listing
  • Announced the near completion of a $900k contract to install a CLSK microgrid at a U.S. Marine Corps Base
  • Continued progress on their multi-million-dollar zero net energy project with NYSE company, MAC

CLSK has also developed a microgrid power solution for the cannabis industry, which can reduce energy costs by up to 82%. This represents another huge potential revenue stream for the company. Start your research today.

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NextEra Energy Partners, L.P. (NEP) (Market Cap: $2.666B; Share Price: $47.48) recently announced an agreement with a subsidiary of NextEra Energy Resources LLC to acquire a portfolio of six wind and solar projects. The project consists of about 611 megawatts. With the deal, NextEra Energy Partners entered into a $900 million convertible equity portfolio financing with Kohlberg Kravis Roberts. NextEra Energy Partners said it expects to acquire the portfolio for total consideration of about $1.02 billion. NextEra Energy Resources, LLC is a subsidiary of NextEra Energy, Inc (NEE) (Market Cap: $92.726B; Share Price: $193.92). NextEra said the deal, seen closing in the second quarter, is expected to contribute adjusted earnings before interest, tax, depreciation and amortization of approximately $100 million to $115 million on a five-year average annual run-rate basis. NextEra secured long-term contracts to sell the power generated by those facilities to several creditworthy customers, which means they'll provide NextEra Energy Partners with steady cash flow to support its dividend. In the company's estimation, the assets should generate between $97 million and $107 million of annual cash flow over the next five years.

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ABB Ltd (ABB) (Market Cap: $39.449B; Share Price: $18.63) announced a partnership with Dassault Systemes, which increases its exposure to higher-value industrial automation software with an offering more in line with that of Siemens and Schneider Electric. ABB is one of the largest providers of electrical equipment and services in the world. The European company isn't particularly well-known in the United States, as roughly 75% of its sales come from non-U.S. markets. However, it has been repositioning itself to become a bigger player on the world stage, and the United States is a key global market.

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Wabtec Corporation (WAB) (Market Cap: $11.691B; Share Price: $71.99) announced in May 2018 a merger with GE Transportation. Under the terms of the agreement, GE will receive $2.9 billion in cash at closing and GE and its shareholders will receive a 50.1 percent ownership interest in the combined company. Wabtec shareholders will retain a 49.9 percent interest in the combined company. The deal was officially completed in 2019, resulting in a company on pace to generate $8 billion in revenue this year. WAB, a leader in the transportation space, provides freight car products, locomotive electronics, brakes, heat exchangers, and transit components and systems. The merger with GE Transportation adds General Electric's railway business to the fold along with many other markets the company serves.

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Signed by

Priyanka Goel, CFA

Legal Disclaimer:

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 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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