UGE Enjoys a Spectacular Quarter: $UGE.V

Quarter Results

Credit where credit is due, one of our Venture favourites, UGE International ($UGE.V $UGEIF) just published their first quarter results for 2017. Solar is growing fast, and UGE’s quarter is a reflection of the industry’s runway, which is blowing away expectations. UGE concentrates on the commercial/mid-scale solar sector, and their niche is more like an amazon warehouse. It just keeps on giving. UGE enjoyed Q1 revenues of USD$5.5 million, almost equal to their entire fiscal 2016 revenue of … [Read more...]

The Numbers Game in Commercial Solar: $UGE.V $UGEIF

Turks and Caicos Islands | 35 kW rooftop grid-tied solar system | UGE Partner: Urban Green Environmental

Nick Blitterswyk, co-founder & CEO of UGE International Ltd. (TSX.V: UGE  OTC: UGEIF), provided a little solar market background to catch me up on the impetus behind the creation of this cleantech, commercial solar company. When cleantech was really, really hot, in 2007 and 2008, generalist investors piled into solar’s tech boom, but the markets missed out on another offshoot of the business. The deployment of the solar tech. (Cough cough, remind you of fibre optics fan favourite, Lite … [Read more...]