UGE International Ltd. (UGE:TSX.V; UGEIF:OTC) announced in a news release it recently "achieved substantial completion" of projects in each of its three key markets: the U.S., Canada and the Philippines.
"When 2018 is complete, we will have installed our largest-ever annual volume of solar projects, taking our cumulative total over 380 megawatts," Chief Operating Officer Ed Steins said in the release.
In Canada, UGE finished the first two sites of the 15-site Peterborough project, and should wrap up two more next week.
In the U.S., the company finished two of three rooftop installations in Massachusetts and the last of a four-part portfolio in Minnesota.
Finally, in the Philippines, UGE completed its largest project to date there, a 1.4 megawatt system for Nature's Spring Mineral Water in Bulacan, last week. The solar solutions company also finished a rooftop system for Toys by Robin last month.
An upcoming catalyst for UGE, expected in Q1/19, is its completing the Peterborough contract. Also next year, the company will commence work on additional projects in the pipeline in the Philippines and the U.S.
Read what other experts are saying about:
Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are sponsors of Streetwise Reports: UGE International. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific 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.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of UGE International, a company mentioned in this article.
