https://www.cantechletter.com/2021/12/canadian-solar-stocks-the-10-most-interesting/
9. Aurora Solar Technologies (Aurora Solar Technologies Stock Quote, Charts, News, Analysts, Financials TSXV:ACU)
Market Cap: $19 million
2020 Revenue: $1.9 million
Vancouver-based Aurora Solar Technologies has hardware and software for process measurement for solar cell fabrication along with services for measurement and control planning and system installation. The company is currently commercializing its Insight data science software, used to improve manufacturing yield in solar cell manufacturing.
In November, Aurora announced an agreement with Shanghai-based IoT company Baibart Intelligent Technology to develop a silicon wafer tracking system to be used with Insight for the larger China market. Aurora plans to have Insight ready for a general market rollout later in 2022.
Earlier this year, portfolio manager Robert McWhirter commented on Aurora, saying the company’s product may be a breakthrough for the solar cell industry, with the company already having lined up over a dozen of the world’s largest solar manufacturers waiting for Insight to finish its testing.
“Instead of just selling one-off equipment, Aurora hopes to set [their product] up as a Software as a Service recurring revenue if so there’ll be a lot more stability and predictability to their contracts and income going forward,” McWhirter said on a BNN Bloomberg segment in April.
“Because making solar cells is almost like running a grocery store, the margins when you’re making the solar cells themselves are tiny. If it turns out Aurora Solar’s product can end up helping you increase the overall efficiency and yield, then it would be quite significant,” McWhirter said.