Monday, July 15, 2019

Millennials Investing in a #Green Future: #Cannabis to #Solar: (OTC: $SING) (Nasdaq: $CSIQ) (TSX: $TGOD.TO) (TSX: NRTH.V)

Millennials Investing in a #Green Future: #Cannabis to #Solar:  (OTC: $SING) (Nasdaq: $CSIQ) (TSX: $TGOD.TO) (TSX: NRTH.V)

Point Roberts WA, Delta, BC – July 15, 2019 - Investorideas.com, a leading investor news resource covering cannabis, hemp and solar stocks releases a sector snapshot reporting on green investing trends from renewable energy to cannabis and how millennial investors are driving this movement.

TD Ameritrade’s recent trading data reflected this green investing trend; “Millennials with TD Ameritrade accounts favored buying Tesla, Canopy Growth, Beyond Meat, Uber and Nvidia in June, according to new research from the brokerage platform. What’s interesting — and perhaps alarming to the hardcore over 40-year-old investor — is that all of these companies except for Nvidia are solidly unprofitable. Moreover, it’s wildly unclear when the likes of Tesla, Canopy Growth, Beyond Meat and Uber will turn sustainably profitable.”
This speaks to the many uptrends we’ve seen in solar and renewable energy stocks, along with cannabis and wellness companies as younger investors seem to focus more heavily on concept and environmentalism first, and profitability second. But they may be seeing a greener future as they continue to bet on the sector.
According to a report on the global Solar Panel Market from Zion Market Research, the solar market accounted for USD 30.8 billion in 2016 and is expected to reach USD 57.3 billion by 2022, growing at a CAGR of 10.9% between 2017 and 2022.

The report states, “the Global Solar Panel market is expected to witness positive growth within the forecast period on account of increasing government incentives for the adoption of renewable energy alternatives for power generation. A solar panel uses solar energy to cleanly and efficiently produce electricity. For many years solar was considered as the main pillar of a future renewable energy based system. Demand for a solar panel is increasing prominently all over the world.”

SinglePoint Inc. (OTC: SING), a technology and acquisition company that provides mobile payments, ancillary cannabis services and solar in the United States has been betting on both aspects of this green strategy to ensure a synergistic future. For the hemp component, the company recently announced signing a large contract to supply more than 275,000 pounds of premium hemp flower over a period of 15 months, while the company’s solar subsidiary, Direct Solar has been developing a commercial solar lending solution to serve customers that own and/or manage commercial properties.
Direct Solar will be one of the first companies to offer this type of lending solution and is expected to launch in the next four to six weeks.
“Currently there are a lot of residential lending solutions as well as large scale lending for solar farms and high megawatt projects. We have yet to find a solution that will finance projects in the small to medium commercial space. Our financing solution will provide these customers with quick funding turn around and require no personal guarantees. We believe there is enough projects for us to turn $100 Million dollars in lending over the next 9-12 months,” states Pablo Diaz, Founder and CEO of Direct Solar.
“This is a massive opportunity to fill a huge gap in the market. There has not been a solution we’ve found like ours simply because the current model means you are either a lender or installer. Direct Solar being one of the only solar brokers in the market means we can work with the customer to find the right installer and the right lender. Matching these two together is a win-win for everyone involved,” states Brian Odle, National Finance Director, Direct Solar.
Coming off of a major month (May 15, 2019 – June 15, 2019), Direct Solar closed $1,709,460 in solar installs. This revenue should generate approximately $803,769 in gross and $361,541 in net. Additionally, the company added three new major service areas with a fourth on the way. This has all been residential driven. The addition of the commercial solar opportunity should dramatically increase the quick growth the company has already been experiencing.
These numbers quickly put Direct Solar on the path to profitability from a cash flow standpoint. Management from SinglePoint and Direct Solar are very excited to see the continued growth of the solar business through multiple avenues including commercial.
Direct Solar, also recently announced that the company has signed on to become the exclusive solar marketing partner to support the various fall sports programs for 47 Texas schools across Dallas/Fort Worth, Houston, Austin and Waco.  Between August 1st and December 31st, 2019, any solar systems that are sold within these school districts will receive a $250 donation to the Fall Sports Booster Program at the school.
“We appreciate the support we have received from Texas.  We wanted to find a way to give back to the communities that we have been doing business in and felt what better way to show that support by donating to the Fall Sports Booster Programs,” states Allen Kruse, Marketing Director of Direct Solar. 
Canadian Solar Inc. (NASDAQ: CSIQ), one of the world's largest solar power companies, recently announced that its wholly owned subsidiary Recurrent Energy, LLC has signed a 15-year power purchase agreement with Anheuser-Busch, the beverage company who late last year signed an agreement with Tilray, for 310 MWp/222 MWac of electricity from its Maplewood solar project.
This landmark contract is the seventh largest commercial and industrial power purchase agreement for solar energy signed in the entire world to date, according to data supplied by Bloomberg New Energy Finance. The PPA, which marks the early achievement of Anheuser-Busch's 2025 Renewable Electricity goal in the United States, also represents the US beverage industry's largest single purchase of solar energy.
"The signing of this power purchase agreement with Anheuser-Busch, the US beer industry leader, demonstrates Canadian Solar's ability to meet the needs of a diverse array of corporate customers. We're honored to supply affordable clean energy to a C&I customer base spanning the sectors of academia, transportation, traditional energy, and now food and beverages," said Dr. Shawn Qu, Chairman at Canadian Solar. "Looking at publicly announced deals, we are proud to be the leading solar developer in the Texas market, with over 1.3 gigawatts of signed electricity contracts for energy generated within ERCOT's service territory."
The Maplewood solar project, located in Pecos County in the Permian Basin of West Texas, will power the equivalent of 55,000 homes with clean electricity when it begins operations by 2021. Canadian Solar's high efficiency poly modules are likely to be used for the project.
"We take immense pride in being good stewards of the environment and are excited to announce that by 2021 our entire portfolio of beers will be brewed by using 100 percent renewable electricity from solar and wind power," said Ingrid De Ryck, Vice President, Procurement and Sustainability at Anheuser-Busch. "Through our new partnership with Recurrent Energy, we will be able to complete one of our 2025 U.S. sustainability goals four years ahead of schedule."
Some companies like The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF), have built their whole company around “green initiatives” with their main focus being on recyclable packaging, LED efficient lighting and hybrid facilities which allow for absorption of natural sunlight, environmental advocacy as well as organic certification. The company recently announced that its flagship Valleyfield, QC facility has received its organic certification from Pro-Cert, an internationally recognized leader in organic certification.

Once completed, TGOD's Valleyfield facility is going to be the world's largest organic cannabis facility at over 1.3 million square feet. This Pro-Cert recognition adds another certification to the Company's portfolio, in addition to TGOD's already certified organic growing facilities in Canada and Europe and shows TGOD's commitment to cement its position as the leading organic cannabis brand globally.
"It's exciting to reach new milestones as we begin commercial production. Growing certified organic cannabis at scale is a highly complex process which has taken time, great care and extensive research to refine.  Each of our facilities goes through a robust certification process, in line with the high standards we have set, ensuring operational excellence at all stages," commented Brian Athaide, CEO of TGOD. "The proprietary methods our team has developed leverage the benefits of growing in living soil and guarantees the organic integrity of the products throughout the entire production chain."
Pro-Cert's certification programs are ISO 17065 compliant and accredited, providing global recognition and international access to the products and brands they certify. The certification process includes validation of inputs, production methods and preparation procedures according to Canadian organic product regulation.
While solar may be the future for many, there is also some movement in outdoor operations to reduce energy needs as 48North Cannabis Corp.  (TSXV: NRTH) (OTC: NCNNFannounced that it has completed the planting of its first outdoor cannabis crop at its Good:Farm, Canada's largest outdoor organic cannabis cultivation facility (3.7 million sq. ft. of cultivation space) in Brant County, Ont.
48North has successfully planted more than 250,000 cannabis seeds at Good:Farm. At the farm, 48North has planted 10 unique cultivars proven to be successfully grown outdoors; both high-THC and high-CBD strains were selected for planting. The Company expects two harvests annually at the Good:Farm. The first harvest is planned for late-August and will be exclusively the Company's auto-flowering strains; the second harvest, of photoperiod plants is planned for mid-October. 
Good:Farm, Canada's first and largest outdoor organic cannabis facility has the potential capacity to yield more than 40,000 kg of dried cannabis, at what 48North expects to be the lowest cost per gram in the country.
"Planting nearly 100 acres of organic cannabis outdoors was a significant accomplishment for the organization, relying on both established agricultural practices and innovative cannabis production techniques. Our team of expert farmers and growers ensured this ground-breaking task was a success," said Jeannette VanderMarel, co-CEO of 48North.
Good:Farm has a number of strategic advantages, including ultra-low-cost cannabis as well as environment-friendly and energy-efficient production. In addition, the farm's production will help address the current national shortage of recreational cannabis.
There are a myriad of factors driving millennial investors towards a ‘greener outlook’, from climate change, rising energy demands, the cost of plastics and investor awareness, but the main element seems to really be investing in a better future, even at the risk of short term profitability.
“They are buying what they know — but they should research these companies,” JJ Kinahan, Chief Market Strategist at TD Ameritrade said on Yahoo Finance’s ‘The First Trade which shows the disconnect between the past 30 years of investing and the future of investing. While previous styles of investing showed research being heavily based only on financials and profitability first, the big picture now is just as much a priority, as companies like Tesla and Canopy Growth have shown. For Millennials, it’s their future and they invest in what they spend on, which is the mantra of one of the best loved investors in our history, Warren Buffett.
For investors following cannabis stocks, Investor Ideas has created a stock directory of publicly traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, ASX Marijuana/Hemp Stocks

About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and  sector trends  from Investorideas.com with our news alerts , articles , podcasts and videos  talking about cannabis,  crypto,  technology including  AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change Podcast and  the AI Eye Podcast and column covering developments in AI. 
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Monday, June 24, 2019

Investors Profiting with #Solar #Stocks as Residential and Commercial Solar see Bullish 1st Quarter – (OTCQB: $SING) (NYSE: $VSLR) (NASDAQ: $SUNW) (NASDAQ: $SPWR)


Investors Profiting with #Solar #Stocks as Residential and Commercial Solar see Bullish 1st Quarter – (OTCQB: $SING) (NYSE: $VSLR) (NASDAQ: $SUNW) (NASDAQ: $SPWR)

Point Roberts WA, Delta BC – June 24, 2019 - Investorideas.com, a leading investor news resource covering solar stocks releases a sector snapshot reporting on the continued growth in solar installations in both residential and commercial zones as more businesses and consumers realize the benefits of solar and as it becomes more readily available and affordable for both.

Featured solar stocks include Singlepoint Inc. (OTC: SING) through its subsidiary Direct Solar,  Vivint Solar Inc. (NYSE: VSLR), Sunworks, Inc. (NASDAQ: SUNW) and SunPower Corporation (NASDAQ: SPWR).


SolarPower.com recently reported “In the first three months of the year, the U.S. installed 2.7 gigawatts of solar PV, making it the most solar ever installed in the first quarter of a year. With the strong first quarter, Wood Mackenzie Power & Renewables forecasts 25% growth in 2019 compared to 2018, and it expects more than 13 GWDC of installations this year, as reported in its new U.S. Solar Market Insight Report.”

This news follows after the United States surpassed 2 million solar installations in May.

“The first quarter data and projections for the rest of the year are promising for the solar industry,” said Abigail Ross Hopper, President and CEO of the Solar Energy Industries Association. “However, if we are to make the kind of progress we need, to make the 2020’s The Solar Decade, we will need to make substantial policy and market advances.”

A new survey, conducted by CITE Research on behalf of Vivint Solar Inc. (NYSE: VSLR), revealed 70% of American adults said they would support a nationwide mandate requiring solar panels to be installed on all newly built homes. The survey also revealed significant others and environmental experts are the most influential when deciding to install residential solar for the good of the environment, while politicians are the least influential by far.
"California was the first state to pass a solar panel mandate on new homes and it goes into effect in 2020. We've seen that state often lead the way in establishing environmental practices nationwide," said David Bywater, CEO of Vivint Solar, which has installed solar energy systems on more than 160,000 US homes. "We believe more states will make strides to adopt residential solar requirements, and it's great to see the vast majority of American adults support this, even at a nationwide mandate level. With nearly a million new single-family homes built annually, if all of them took advantage of solar energy, it would be equivalent to driving 12 billion fewer miles a year or consuming 12 million fewer barrels of oil.”
Among those who support a nationwide solar mandate, 32% said they strongly support it and 38% said they somewhat support it, while approximately 16% said they somewhat oppose it and 14% said they strongly oppose it. While there was no significant difference in attitudes between men and women, opinions varied based on region, age group, and homeowner and relationship status varied.
As residential solar is currently optional for existing homeowners, survey takers were also asked who would most influence their decision to install solar panels on their home for the good of the environment. Spouses/significant others proved the most powerful force, with 58% of survey takers claiming they would be influenced by them (36% a great deal of influence, and 22% some influence). Environmental experts were the next most influential, with 57% saying they would be influenced by their opinion (28% a great deal of influence, 29% some influence).
Politicians are the least influential, with just 19% of people saying a political figure would influence their opinion to go solar for the environmental benefits (6% a great deal of influence, 13% some influence). And while politicians don't rank highly overall, data shows the older you get, the less likely you are to be influenced by them. Among survey takers, the percentage who say politicians have no influence: 46% for those aged 25-34; 49% age 35-44; 59% age 45-54; 64% age 55-64, and 73% of those aged 65+. Comparatively, 29% of those 25-44 claimed politicians would have some or a great deal of influence, while only 7% of those 65+ stated the same.
Direct Solar, a wholly owned subsidiary of Singlepoint Inc. (OTC: SING)  announced that the company is developing a commercial solar lending solution. The solution will serve customers that own and/or manage commercial properties. This is a massive market opportunity that the commercial space is looking for.

Direct Solar will be one of the first companies to offer this type of lending solution and is expected to launch in the next four to six weeks.

“Currently there are a lot of residential lending solutions as well as large scale lending for solar farms and high megawatt projects. We have yet to find a solution that will finance projects in the small to medium commercial space. Our financing solution will provide these customers with quick funding turn around and require no personal guarantees. We believe there is enough projects for us to turn $100 Million dollars in lending over the next 9-12 months,” states Pablo Diaz, Founder & CEO of Direct Solar.
Offering this new financing solution will provide Direct Solar with addition revenue and cash flow, as the company will be receiving commissions on each project that is funded as well as commission on the installation.
“This is a massive opportunity to fill a huge gap in the market. There has not been a solution we’ve found like ours simply because the current model means you are either a lender or installer. Direct Solar being one of the only solar brokers in the market means we can work with the customer to find the right installer and the right lender. Matching these two together is a win-win for everyone involved,” states Brian Odle, National Finance Director of Direct Solar.
Coming off of a major month (May 15, 2019 – June 15, 2019), Direct Solar closed $1,709,460 in solar installs. This revenue should generate approximately $803,769 in gross and $361,541 in net. Additionally, the company added three new major service areas with a fourth on the way. This has all been residential driven. The addition of the commercial solar opportunity should dramatically increase the quick growth the company has already been experiencing.
These numbers put Direct Solar on the path to profitability from a cashflow standpoint very quickly. Management from SinglePoint and Direct Solar are very excited to see the continued growth of the solar business through multiple avenues, including commercial.
“This acquisition puts SinglePoint on a huge trajectory path. The solar market is on an extreme growth trajectory and Direct Solar has planted its foot right in the middle of it. Providing installers and financers with qualified customers, while providing these customers a streamlined process for purchasing solar,” states Greg Lambrecht, CEO of SinglePoint.
Sunworks, Inc. (NASDAQ: SUNW), a provider of solar power solutions for agriculture, commercial and industrial (ACI), public works and residential markets, recently announced a new 751 kW solar power construction project for Plumas Mutual Water District, a water company located in Yuba City, California that distributes water for farming operations.

Sunworks Chief Executive Officer, Chuck Cargile, said, “Water districts in California are faced with many challenges, including water shortages, drought and resiliency challenges. Solar can help address these issues in a cost effective way while also helping to ensure crop production and yield are maximized.”

Construction of the new $1.3 million, 751kW ground-mount system project is expected to commence later this year with revenues recognized in the fourth quarter and into the first half of 2019.

Joe Danna, Director of Plumas Mutual said, “From our first meeting, it was clear that the Sunworks team had a strong understanding of our challenges and goals. They designed a system that was tailored to our requirements and helped us understand how we can maximize our cost, so we can serve our customers in a more sustainable and resilient way.”

SunPower Corporation (NASDAQ: SPWR) recently announced that with Hannon Armstrong Sustainable Infrastructure Capital, Inc. and SunStrong Capital Holdings, LLC, it has secured financing commitments for its residential solar lease program that will help meet SunPower's expected customer demand into 2020. SunPower has provided solar lease financing options to customers since 2010. The attractive financing provisions with this new fund will supplement the solar loan and cash sale alternatives currently offered by the company.  

The new fund is structured as a levered tax equity partnership with a multi-party forward purchase commitment, allowing generation of upfront cash margins for residential solar leases. The financing commitments for this new fund are being provided largely from a repeat group of loan and equity providers that continue to have strong long-term relationships with SunPower and Hannon Armstrong.

Bank of America Merrill Lynch acted as the sole structuring and placement agent for the cash equity and multi-draw term loan, as well as the sole tax equity investor. Additional equity capital was provided by SunPower, Hannon Armstrong and their joint venture SunStrong, which holds equity interests in more than 55,000 residential solar energy systems.

"SunPower's strong suite of acquisition options, and our technologically superior solar energy solutions, allows us to continue meeting growing customer demand," said Tom Werner, SunPower CEO and Chairman of the Board. "Thanks to our financing partners, who share our clean energy future goals, we're able to ensure funding to meet the needs of those customers who desire a leasing option."

"This latest fund continues our multi-year programmatic investment with SunPower, helping to decarbonize the residential sector using solar, one of the climate solutions essential to mitigating climate change," said Jeffrey Eckel, Hannon Armstrong President and CEO. "We are especially pleased with the expansion of SunStrong's role in this innovative fund as it demonstrates the increased financial capabilities of this new joint venture with SunPower."

SunPower offers its lease program through its network of residential solar dealers across the US, new home builders where the company holds a market-leading position, and direct sales teams. Last year, SunPower's US residential business saw annual deployment growth of more than 15 percent, bringing the total number of American homes with SunPower® solar to over 275,000 consumers.

Additionally, the company announced that SunStrong has acquired a residential lease portfolio from Capital Dynamics. This transaction adds to SunStrong's existing high-quality asset portfolio with the addition of more than 41 MW and 5,100 residential systems.

This push for solar shows a similar parallel to the cannabis industry wherein, regardless of federal policies, which in the case of solar seem to ignore climate change, the American public as well as American businesses are demanding cheaper and more accessible energy solutions with a heavy focus on solar. These early growth numbers paint a very obvious picture as to where American’s see the future of US energy heading, but we will still have to wait and see if 2019 is in fact going to continue with this first quarter trend.

For investors following solar stocks, Investor Ideas has created a stock directory of renewable energy stocks as part of its membership. Learn more https://www.investorideas.com/membership/

Get more renewable energy investing ideas and news at our site Renewableenergystocks.com


About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and  sector trends  from Investorideas.com with our news alerts , articles , podcasts and videos  talking about cannabis,  crypto,  technology including  AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change Podcast and  the AI Eye Podcast and column covering developments in AI. 
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Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring SING is a paid for service on Investorideas.com.  Learn more about costs and our  services https://www.investorideas.com/News-Upload/
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
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Thursday, June 20, 2019

#Solar #Stocks Snapshot – Looking at Growth in Residential Solar Industry (OTCQB: $SING) (NASDAQ: $SPWR) (NYSE: $NEE) (NYSE: $VSLR)


#Solar #Stocks Snapshot – Looking at Growth in Residential Solar Industry (OTCQB: $SING) (NASDAQ: $SPWR) (NYSE: $NEE) (NYSE: $VSLR)

Point Roberts WA, Delta BC – June 20, 2019 - Investorideas.com, a leading investor news resource covering solar stocks releases a sector snapshot reporting on the continued upswing for the residential side of the solar sector as more states adopt new energy policies and as solar becomes more affordable and accessible to residential consumers.

Companies featured include SinglePoint Inc. (OTCQB: SING), SunPower Corporation (NASDAQ:SPWR), NextEra Energy, Inc. (NYSE: NEE) and Vivint Solar, Inc. (NYSE: VSLR).  


A recent Benzinga news article looking at solar stocks quoted, “Goldman Sachs recently upgraded residential solar stocks, which are making a big comeback so far in 2019, with the INVESCO EXCHANG/SOLAR ETF up 48.5% year to date. However, one Wall Street analyst said Tuesday residential solar stocks will continue to shine in the second half of the year.”

Goldman Sachs analyst Brian Lee commented, “We are incrementally positive on US residential solar stocks and see a number of tactically attractive buying opportunities ahead of 2H19 volume tailwinds and amidst recent signs of ongoing strength in the financing environment.”

SinglePoint Inc. (OTCQB: SING), a new player in the solar sector recently announced that its  acquisition, Direct Solar has surpassed everyone’s expectations signing contracts to deploy $1,709,460 in solar installs over the previous 30 days. This revenue should generate approximately $803,769 in gross and $361,541 in net. Direct Solar and SinglePoint also announced the official addition of three new service areas with a fourth on the way. Tampa, Orlando and St. Louis are officially active and Miami will be activated in the near future. The company has now deployed teams in these areas to drive the explosive growth of Direct Solar.

From a cash flow standpoint, these numbers have quickly put SinglePoint on the path to profitability. Management from both companies are very excited to see the continued growth of Direct Solar through multiple avenues including commercial. Direct Solar is currently negotiating a line of credit for cannabis businesses and other small businesses throughout North America. This provides Direct Solar the ability to not only generate the sale but to also provide the financing for these business owners. Providing financing will deliver Direct Solar another avenue towards generating profits on the origination of the financing.

“This acquisition puts SinglePoint on a huge trajectory path. This is not only a homerun but a grand slam in our eyes. These revenues and profits provide SinglePoint the ability to be in a profitable cash flow position and the opportunity to aggressively expand sales. For every dollar we are putting into marketing we are seeing a return of five. Expanding in additional major markets would exponentially increase the revenues on top of the already explosive growth,” states Greg Lambrecht, CEO of SinglePoint.

SunPower Corporation (NASDAQ:SPWR) recently announced that with Hannon Armstrong Sustainable Infrastructure Capital, Inc. and SunStrong Capital Holdings, LLC, it has secured financing commitments for its residential solar lease program that will help meet SunPower's expected customer demand into 2020. SunPower has provided solar lease financing options to customers since 2010. The attractive financing provisions with this new fund will supplement the solar loan and cash sale alternatives currently offered by the company.  

The new fund is structured as a levered tax equity partnership with a multi-party forward purchase commitment, allowing generation of upfront cash margins for residential solar leases. The financing commitments for this new fund are being provided largely from a repeat group of loan and equity providers that continue to have strong long-term relationships with SunPower and Hannon Armstrong.

"SunPower's strong suite of acquisition options, and our technologically superior solar energy solutions allows us to continue meeting growing customer demand," said Tom Werner, SunPower CEO and Chairman of the Board. "Thanks to our financing partners who share our clean energy future goals, we're able to ensure funding to meet the needs of those customers who desire a leasing option."

"This latest fund continues our multi-year programmatic investment with SunPower, helping to decarbonize the residential sector using solar, one of the climate solutions essential to mitigating climate change," said Jeffrey Eckel, Hannon Armstrong President and CEO. "We are especially pleased with the expansion of SunStrong's role in this innovative fund as it demonstrates the increased financial capabilities of this new joint venture with SunPower."

NextEra Energy, Inc. (NYSE: NEE) recently received a best-in-class preparedness assessment in S&P Global Ratings' Environmental, Social and Governance (ESG) Evaluation. NextEra Energy's final ESG Evaluation score, 86, is expected to be one of the highest rankings to be given by S&P Global Ratings to any corporate entity within the sector. The best-in-class preparedness assessment, which is anticipated to be applied by S&P Global Ratings only in rare circumstances, reflects NextEra Energy's ability to identify long-term risks and develop and implement plans to mitigate these challenges into new opportunities, distinguishing the company from its peers amid the disruptive forces facing the industry. S&P Global Ratings assessed NextEra Energy's preparedness for all of the company's ESG factors as either good, strong or leading, the top three possible scores. The report specifically highlights NextEra Energy's clean generation profile, code and values, strong safety management program, and leading customer engagement driven by low bills, high reliability and outstanding customer service.

"We are pleased to be recognized for our leading ESG efforts by S&P Global Ratings," said Jim Robo, NextEra Energy Chairman and CEO. "We are deeply committed to doing well by doing good, and that means respecting our environment, providing value for our customers, sustaining our communities, focusing on continuous improvement and innovation, investing in our team and growing shareholder value. Today, we are furthering our commitment to the environment with the announcement of a new goal to continue reducing our carbon dioxide emissions. This goal underscores our deep commitment to environmental protection and stewardship, one of the key areas of our company's sustainability efforts. At NextEra Energy, we firmly believe that we have an unprecedented opportunity to shape how energy is produced and delivered. By investing in smart infrastructure and innovative clean energy solutions, we're helping build a sustainable energy future that is affordable, efficient and clean, while at the same time creating tens of thousands of jobs and generating economic benefits for the communities we serve."

The company also recently reported their first quarter 2019 financial results. "NextEra Energy delivered strong first-quarter results and is well-positioned to meet our overall objectives for the year," said Jim Robo. "We grew adjusted earnings per share by approximately 12% year-over-year, reflecting excellent performance across our businesses. During the quarter, FPL successfully brought online the Okeechobee Clean Energy Center, which is among the cleanest, most fuel-efficient power plants of its kind in the world, on budget and ahead of schedule, and continued to execute one of the largest-ever solar expansions. The Gulf Power integration continues to advance well, and I am confident in our ability to execute our plan for the benefit of customers and shareholders. NextEra Energy Resources continues to capitalize on the best renewables development period in our history with the addition of nearly 1,000 megawatts to its contracted renewables backlog. Combined with the strength of our balance sheet and credit ratings, we continue to believe NextEra Energy is uniquely positioned to drive long-term shareholder value and remain as enthusiastic as ever about our future prospects. I will be disappointed if we are not able to deliver financial results at or near the top end of our 6% to 8% adjusted earnings per share compound annual growth rate range through 2021, off the 2018 base of $7.70 per share, plus the expected deal accretion from the Florida transactions."

Vivint Solar, Inc. (NYSE: VSLR), a leading full-service residential solar provider, announced the closing of a multi-party forward flow funding arrangement that includes project-level debt, a levered tax equity partnership, and a cash equity investment. The transaction provides up to $360 million in total funding commitments. It is structured to generate an upfront cash margin for the company for approximately 95 to 100 megawatts of future solar energy systems. The financing incorporates a multi-party forward purchase commitment anchored by a levered tax equity partnership, a financing structure used last year by Vivint Solar for the first time in the residential solar industry.

Bank of America Merrill Lynch acted as sole structuring and placement agent for the cash equity and multi-draw term loan as well as the sole tax equity investor. Hannon Armstrong (NYSE:HASI) participated as the structured cash equity investor.

"This transaction demonstrates investors confidence in the continuing success of our business model, and its pricing reflects the ongoing growth in revenue generated by our systems," said Vivint Solar CEO, David Bywater. "Investors are seeing the trajectory of our unit economics, and we appreciate the ongoing support of Bank of America Merrill Lynch along with Hannon Armstrong's continued programmatic investment."

"The innovative forward flow funding structure gives Vivint Solar financial flexibility through the cash margin provided by this vehicle for a portion of our future PPA and lease assets," said Vivint Solar's Chief Commercial Officer and Executive Vice President of Capital Markets, Thomas Plagemann. "While our focus is always on providing the best suited products for each homeowner, it is equally important to develop a sustainable funding model so we can continue growing."

As investors continue to gain confidence in solar, a snowball effect of consumer awareness and cost effectiveness, even in the midst of tariff turmoil, may allow solar to continue to gain throughout 2019 as many analysts already predict.

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