Clean Energy Investments to Watch
May 1, 2019 -- InvestorsHub NewsWire -- Microcap Speculators -- Investments in wind and solar will need to reach $13 trillion over 30 years so as to reduce CO2 emissions by 64% in 2050 compared to current levels, according to a new report published last week by Dutch bank ING. As individual investors, investing in these clean energy companies could pay off big time.
A company to watch in the space is CleanSpark, Inc. (USOTC: CLSK), a microgrid company with several revenue generating projects. It released an Edgar filing reporting $20 million in financing in the form of Debenture, the Series B Preferred Stock, the Warrant and the Common Stock. With the warrants being priced $3.50 per share with respect to 2,000,000 Warrant Shares, $4.00 with respect to 100,000 Warrant Shares, $5.00 with respect to 100,000 Warrant Shares, $7.50 with respect to 50,000 Warrant Shares and $10.00 with respect to 50,000 Warrant Shares, the parties are surely anticipating growth. This committed financing will help accelerate the development and deployment of CleanSpark's Distributed Energy Resource (DER) Solutions to commercial customers.
CLSK has outlined several initiatives in their recent letter to shareholders. CLSK is planning to initiate a marketing campaign to start reaching indoor cannabis growers dealing with inefficient energy usage in need of their services, push forward their projects with recent acquisition of Intellectual Property of Pioneer Critical Power Inc, and facilitate growth in their R&D to find new industries their solution can improve. Start your research now.
Today we are highlighting: CleanSpark, Inc. (USOTC: CLSK), Brookfield Renewable Partners L.P. (NYSE: BEP), Covanta Holding Corporation (NYSE: CVA), Plug Power, Inc. (NASDAQ: PLUG), and Capstone Turbine Corporation (CPST).
This financing is the latest in a long string of positive announcements by CleanSpark, Inc. (USOTC: CLSK) (Market Cap: $109.370M; Share Price: $2.20). The company engaged a firm to navigate their uplisting, announced the near completion of a $900k contract to install a CLSK microgrid at a U.S. Marine Corps Base and has 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.
CLSK’s microgrid energy solution for the cannabis industry dramatically decreases the cost of energy associated with producing each pound of valuable cash crop. A cannabis business using $90,000 per year in energy has the potential to reduce its operating costs (flowering stage) from $270/lb. to $200/lb., producing a 15% ROI over 10 years.
Brookfield Renewable Partners L.P. (NYSE: BEP) (Market Cap: $9.877B; Share Price: $31.52) recently announced the 2019 First Quarter Conference Call and Webcast set for Thursday, May 2, 2019 at 9:00 a.m. (Eastern Time) to discuss results and current business initiatives with members of senior management. These results will be released on Thursday, May 2, 2019 at approximately 7:00 a.m. and will be available on the company website.
Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydro, wind, solar, cogeneration, and biomass sources. Brookfield Renewable Partners Limited operates as the general partner of Brookfield Renewable Partners L.P. It operates one of the world's largest publicly traded, pure-play renewable power platforms. Its portfolio consists of hydroelectric, wind, solar and storage facilities in North America, South America, Europe and Asia, and totals over 17,000 megawatts of installed capacity and an 8,000-megawatt development pipeline. Brookfield Renewable is the flagship listed renewable power company of Brookfield Asset Management, a leading global alternative asset manager with over $350 billion of assets under management.
Covanta Holding Corporation (NYSE: CVA) (Market Cap: $2.362B; Share Price: $18.07) reported financial results today for the three months ended March 31, 2019 last week. The key highlights include:
- Affirmation of 2019 guidance
- Reached financial close on Rookery project in the UK
- Began operations at Manhattan Marine Transfer Station
Covanta Holding Corporation, through its subsidiaries, provides waste and energy services to municipal entities primarily in the United States and Canada. It owns and operates infrastructure for the conversion of waste to energy, as well as engages in related waste transport and disposal, and other renewable energy production businesses. Annually, Covanta's modern Energy-from-Waste facilities safely convert approximately 22 million tons of waste from municipalities and businesses into clean, renewable electricity to power one million homes and recycle over 600,000 tons of metal.
Plug Power Inc. (NASDAQ: PLUG) (Market Cap: $607.321M; Share Price: $2.49), 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. Recently it announced Sanjay Shrestha as Chief Strategy Officer (CSO).
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: $62.931M; Share Price: $0.8790), the world’s leading clean technology manufacturer of microturbine energy systems, announced on April 10 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.
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 $80,000 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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SOURCE: Microcap Speculators