HENDERSON, NV / ACCESSWIRE / March 25, 2019 / The future of electricity may be defined by microgrids– a greener and more safeguarded alternative to traditional and massive regional power grids.
GlobalData's latest report "Microgrids, Update 2018 - Global Market Size, Competitive Landscape, and Key Country Analysis to 2022", reveals that the Americas will continue to be the largest microgrid market, reaching $18 billion in 2022, underpinned by movements in the U.S. market. The Asia-Pacific market is expected to grow with a CAGR of 18%, making it the fastest growing market during the forecast period.
Nirushan Rajasekaram, Power Analyst at GlobalData commented: "Globally, there is an increasing demand for electricity. In addition, the global power market is in a transition phase, supporting the expansion of distributed generation to circumvent volatile fossil fuel costs and supply market risks."
Since the power is localized, micro-grids may help safeguard against widespread blackouts like the ones seen after large natural disasters.
Investing in microgrid tech is tough because there aren't many pure play microgrid companies. However, CleanSpark, Inc. (CLSK) is one of the few. The company is one of the US's top microgrid solutions according to Navigant Research, who added them to their top 10 in 2018. They have made deals across the board including a $900k contract to install a CLSK microgrid at a U.S. Marine Corps Base, as well as an $18.3 million deal with NYSE company MAC.
Today we are highlighting: CleanSpark, Inc. (CLSK), Solar Edge Technologies, Inc. (SEDG), InfraREIT, Inc. (HIFR), Seaspan Corporation (SSW), and Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI).
CleanSpark, Inc. (CLSK) (Market Cap: $143.972M; Share Price: $3.47) has a chance to not only be one of the top microgrid and renewable growth performers this year, but the company also has a firm foot in the cannabis market. They have created a solution for the cannabis industry that can help growers save as much as 82% on electricity costs. According to their latest press release, the company is focusing its marketing efforts on the largest users in the cannabis market - the agricultural (grow) facilities. This can serve as a strong potential source of revenues in the coming years. The company hopes to get its first contract soon in 2019.
CLSK just closed a $5 million round of funding, recently completed the acquisition of Pioneer Power Solutions, Inc., which is expected to add $3.6 million in gross sales to CLSK's bottom line during early 2019 alone and is working on an up listing.
Research CLSK today.
SolarEdge Technologies, Inc. (SEDG) (Market Cap: $1.754B; Share Price: $37.12) recently reported fourth-quarter profit of $12.9 million. On a per-share basis, the Herziliya Pituach, Israel-based company said it had profit of 27 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 63 cents per share. The photovoltaic products maker posted revenue of $263.7 million in Q4 2018, which topped Street forecasts. Four analysts surveyed by Zacks expected $249.2 million. For the year, the company reported profit of $128.8 million, or $2.69 per share. Revenue was reported as $937.2 million.
InfraREIT, Inc. (HIFR) (Market Cap: $1.289B; Share Price: $21.23) recently reported their fourth quarter and full year 2018 financials. For Q4, the company's net income was $23.7 million. HIFR also reported an EPS $0.39 per share for Q4. Net income was $85.2 million for the year ended December 31, 2018, compared to net income of $17.1 million in 2017.
Seaspan Corporation (SSW) (Market Cap: $1.721B; Share Price: $7.99) reported earnings per diluted share of $0.25 for the fourth quarter and $1.31 for the full year, including record operating earnings of $134.4 million for the fourth quarter and $469.9 million for the full year 2018. _______ Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) (Market Cap: $1.563B Share Price: $25.11), a capital provider focused on sustainable infrastructure markets that address climate change, recently received the prestigious Renewable Energy Leadership Award from the American Council on Renewable Energy (ACORE), a national business group made up of companies that finance, develop, manufacture and use all forms of renewable energy.
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 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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