1.29 (238.89%) 1d

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Biden's renewable energy incentives will be a benefit. The backlog is in excess of $100M. They now have enough cash to build out opportunities. They are building rooftop installations in New York, Vermont and other places. Still holds a position.

Disclosure: He participated in their recent financing. Their backlog has grown a lot, including a recent US$9.9 million solar contract in Maine which amounts to 20% of their market cap. This remains very undervalued. A Brookfield, Algonquin or Boralex could buy this out.

He has participated in two financing in the past month. Their focus is in solar locations on commercial buildings in NYC or in parking lots. The company has changed from just developing and selling the locations to operating them as well. It is a small company with small market cap, but their backlog is huge. Within two years, if all the projects materialize, they have 11 million dollars worth of high recurring revenue. Has good upside potential.

UGE boasts a US$72 million backlog, a huge increase in less than three months. That backlog is 40x last quarter's annualized sales run rate. Their enterprise value is 10% of their backlog. They focus on New York state and the Philippines. UGE is transitioning their business model to resemble Xebec's to raise recurring revenues and margins. His price target is 50-70 cents and will likely rise as earnings come in and impress markets.

They have a modest market cap and a huge backlog which is solid.
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UGE International Ltd.(UGE-X) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for UGE International Ltd. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

UGE International Ltd.(UGE-X) Frequently Asked Questions

What is UGE International Ltd. stock symbol?

UGE International Ltd. is a Canadian stock, trading under the symbol UGE-X on the TSX Venture Exchange (UGE-CV). It is usually referred to as TSXV:UGE or UGE-X

Is UGE International Ltd. a buy or a sell?

In the last year, there was no coverage of UGE International Ltd. published on Stockchase.

Is UGE International Ltd. a good investment or a top pick?

UGE International Ltd. was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for UGE International Ltd..

Why is UGE International Ltd. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is UGE International Ltd. worth watching?

0 stock analysts on Stockchase covered UGE International Ltd. In the last year. It is a trending stock that is worth watching.

What is UGE International Ltd. stock price?

On 2024-05-29, UGE International Ltd. (UGE-X) stock closed at a price of $1.83.