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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:

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."

Clive Maund,

"This looks like a classic entry point for UGE International Ltd. after its recent reaction back to the lower boundary of its uptrend channel. . .moving averages are in bullish alignment. . .current light volume suggests that the stock is about to start higher again."

UGE International provided an update on its project and corporate activities during Q4/20.
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Ahmad Shaath, Beacon Securities Ltd.

"We are initiating coverage of UGE International Ltd. with a Buy rating. . .the company offers investors a unique opportunity to gain exposure to this highly profitable segment where project economics are in the 15–20% (levered internal rate of return). . .we estimate UGE is on track to be an operator of more than 100 MW of capacity of U.S.-based solar assets by FY24E, with another approximately 200 MW in backlog."

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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UGE International secured three new NYC community solar projects with combined capacity of 1.5 MW, increasing its project backlog by US$3 million.
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More Expert Comments

Experts Following This Company

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

Company News

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

3/9/2021 – UGE Signs Agreements to Develop 9.0MW of Solar Projects in Maine and Maryland

2/24/2021 – UGE International Named to the 2021 TSX Venture 50 List of Top Performing Companies

2/17/2021 – UGE International Announces Closing of $7 Million Bought Deal Unit Offering

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.

Streetwise Reports does not provide investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security.Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

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)