The United States Solar Energy Market Could Grow at a CAGR of Approximately 17.32% Between 2020-2025(1)
According to the EIA, Solar Energy is Also Expected to Grow the Fastest of All Renewable Energies Through 2050(1)
As the Government Encourages the Growth of Renewable Energy, Solar Energy Companies Such as the Undervalued Principal Solar, Inc. (OTCPK:PSWW) Could Benefit
The US solar industry had already been growing long before 2020. By the end of September 2019, the industry was apparently already generating tens of billions in revenue, deployed over around 2 million solar PV systems totaling about 71,300 MW of solar capacity, and generated over around 100 TWh of electricity (2019 total, est.).(2)
But 2020 was a potential shape-shifting year for the growth of solar energy. U.S. solar companies appear to have installed around 3.8 gigawatts (GW) of new solar photovoltaic (PV) capacity in Q3 2020- an approximate 9% increase from Q2 installations as the industry experienced a recovery from the worst impacts of the economic downturn.(3)
Additionally, according to the U.S. Solar Market Insight Q4 2020 report released just days ago by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, solar accounts for approximately 43% of all new electric generating capacity additions through Q3 2020(3). This is more than any other electricity source.(3)
This could be only the beginning too. With a pro-clean energy administration taking office in 2021, along with an extension of federal tax credits that incentivize construction of new wind and solar power plants in the latest stimulus package(4) it is no wonder why solar energy is expected to grow the fastest from now to 2050.(2)
With all of these tailwinds for solar growth, it is no wonder why this Texas-based, undervalued solar company Principal Solar, Inc. (OTCPK:PSWW) could be primed for a strong 2021 and beyond.
Principal Solar is a company engaged in acquiring, building, owning, and operating solar generation facilities. The company also appears to buy and finance solar installations and partners with solar owners and developers to aggregate solar installations into a single, geographically-distributed solar utility. Currently, Principal Solar claims to be executing a rollup of solar developments that have existing Power Purchase Agreements. Preferred assets are pre-construction so the company can bring in more financing.
Principal Solar, Inc. (OTCPK:PSWW) Has Seen Strong Returns as of Late and Shows Growth Potential
At the moment, shares of PSWW are trading around $0.51 a share. With a good deal of excitement due to the tailwinds promoting the growth of clean energy, the stock has seen a return of approximately 240% between December 15th and December 22nd(5).
Reflecting the optimism of the incoming Biden administration and policies supportive of clean energy, the stock appears to have seen even stronger returns since election night of November 3rd- a return of approximately 2400%(6).
Despite these returns, the stock still appears to be undervalued and is apparently trading below its 150-day moving average of around $0.82 a share(7).
When you also take into consideration that Principal Solar’s net income growth forecast for the next fiscal year appears to be around 95.3%, and ranks around the 90.3% percentile for the utilities sector, its growth potential looks even more promising(7).
Over the next five fiscal years, Principal Solar’s net income growth is also projected to average around 13.8%.
Principal Solar, Inc. (OTCPK:PSWW)- Showing Promise in Solar While Having Rights to Cutting Edge Oil Tech
According to the most recent letter from the company’s CEO K. Bryce Toussaint, Principal Solar is investing significant time, energy, and effort to grow the company’s basic operations and develop and deploy a strong strategy. Principal Solar already appears to be working with industry experts in actively evaluating the “Green Energy” market landscape, identifying favorable circumstances and partners, and developing a solid business model.
According to Principal Solar’s website, its core strategy appears to be the following(8):
- Identify, diligently review and acquire the most financially viable large-scale solar projects for financing and long term ownership.
- Establish the company as the market thought-leader via the Principal Solar Institute, by issuing thoughtful and timely white papers, hosting webinars and events and collaborating with leading solar thinkers on the creation of new intellectual property.
- Position the company to develop massive Gigawatt-scale projects on a global basis.
According to the latest letter from the CEO, the company also has the rights to a unique, cost-effective oil extraction technology licensed from Oklahoma-based Tokata Oil Recovery, Inc called TORS. TORS facilitates the recovery of commercial quantities of oil from waterlogged shallow and marginal wells and deploys quickly to recover oil from wells with high water cuts while bringing only negligible amounts of formation water to the surface. TORS’s inherent design advantages dramatically lower burdensome extraction costs including oil and water separation and on-site water remediation.
Source 2: https://www.forbes.com/sites/joshuarhodes/2020/02/03/the-us-solar-industry-in-2020/?sh=a03ff3c5ed3f
Source 3: https://www.seia.org/us-solar-market-insight#:~:text=The%20U.S.%20installed%203.8%20gigawatts,power%2016.4%20million%20American%20homes.&text=Wood%20Mackenzie%20forecasts%2043%25%20annual,19%20GWdc%20of%20installations%20expected.
Source 4: https://www.forbes.com/sites/allanmarks/2020/12/21/clean-energy-investments-get-a-bipartisan-boost-from-congress-in-relief-bill/?sh=552acba636f2
Source 7: https://finbox.com/OTCPK:PSWW/explorer/asset_price_avg_150d
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Principal Solar is executing a rollup of solar developments that have existing Power Purchase Agreements. Preferred assets are pre-construction so the Company can bring in the financing.