Renewables Helping Investors Go ''Green''

ACCESSWIRE - finance.yahoo.com Posted 5 years ago

HENDERSON, NV / ACCESSWIRE / November 21, 2018 / While cannabis companies have been the 'green' stocks on investors minds for most of 2018, renewable energy companies have been making investors serious profits recently. These 'green' industries do have some synergies. Here are several 'green' companies to keep an eye on:

Today we are highlighting: CleanSpark, Inc. (CLSK), Enphase Energy, Inc. (ENPH), Largo Resources, Ltd. (LGORF), Hexo Corp. (OTC PINK: HYYDF), and Aurora Cannabis, Inc. (ACB).

The disastrous wildfires in California have highlighted the need for resilient energy solutions. Perhaps that's why, CleanSpark, Inc. (CLSK) (Market Cap: $52.61M Share Price: $1.75), was up almost 40% on Tuesday. The company was ranked in Navigant Research's top 10 Microgrid solutions.

Microgrids are power sources that access macro grids, however, are able to function independently if the macro grid went down. Hence, their importance to say, a cannabis company with crops depending on lights to stay on, or their entire crop could be compromised. The reason investors have taken to CLSK is because their unique microgrid solution consolidates several energy sources, including renewables like wind and solar to not only make the system resilient but cost effective as well.

Navigant Research ranking CLSK in its top 10 microgrid solutions has provided exposure to this growing company, and it is starting to pay off. The company has picked up several clients since including a newly signed $18 million-dollar deal.

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Pure renewable plays like, Enphase Energy, Inc. (ENPH) (Market Cap: $523.13M Share Price: $4.92) have also done well. The company had a nice run in early November and released a positive 3Q including $78 million in revenue, and a cash balance of $116.2 million. Investors will be paying attention to this company after the holiday.

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Aurora Cannabis, Inc. (ACB) (Market Cap: $6.30B Share Price: $6.70) a recent addition to the NYSE has seen its value drop as investors have soured on cannabis companies temporarily. However, Aurora Cannabis Inc. (ACB), just announced the official opening of its latest high-tech cannabis production facility in Lachute, Quebec; the company is calling it "Eau." At 48,000 square feet, with 11 purpose-built grow rooms, Aurora Eau will produce up to 4,500 kg of high-quality cannabis per year, all in a facility with some of the lowest electricity costs in North America. It is designed to grow niche varieties of cannabis for the premium medical and adult consumer use markets in Quebec, Canada and around the world. Eau becomes Aurora's second production facility in Quebec , the first being Aurora Vie, a 40,000 square foot indoor grow facility in Pointe Claire, Quebec. Investors may find value at these low prices.

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A 'green' Canadian company having a little less luck lately, Hexo Corp. (OTC PINK: HYYDF) (Market Cap: $863.7M Share Price: $4.39) recently closed the acquisition of its interest in a large facility in Belleville, Ontario. This is the first facility that the company has established outside of Quebec, further delivering on its national expansion strategy. This could help Hexo's market turnaround.

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Namaste Technologies Inc. (NXTTF) (Market Cap: $334M Share Price: $1.08) is another Canadian cannabis stock that has not seen 'green' in the market lately, however, is worth radaring. NXXTF operates the largest global cannabis e-commerce platform with over 30 websites in 20+ countries under various brands.

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. 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 microcapspecultors.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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