Post by
Acura001 on May 01, 2023 9:33am
Solar Alliance Energy (SOLR) Trading at 8 cents
Solar Alliance Energy (SOLR) is a Buy and hold. Currently trading at 8 cents. The solar company does a little bit of everything in renewable energy with multiple streams of revenues. The most important one is that they recently graduated to the point where they’re installing large solar projects. Less and less of the tiny ones of $50,000 to $100,000 as there looking for $1 million or more projects.
This one is at game changer, they have recurring revenue, which is extremely rare for solar stock, but they are also developing their own projects, by using grant money from the United States and the inflation “Reduction Act’ they have been Developing solar projects that they own and then Selling the energy into the grid for recurring revenues. They also have two standard size solar systems in a box that you could purchase from them so they’re making more money and then you just get somebody to install it for you.
They are a Tesla proof vendor and a certified electric vehicle charger installer for BMW, Jaguar, Land Rover and General Motors so they are installing electric vehicle chargers. It all looks like they should be successful in bringing in revenue, and nothing impresses me more than a small penny stocks with multiple ways to succeed. Recently they reported 90% growth in the revenue quarter over quarter as well.
They also have a plan for growing cash flow and a plan for increasing revenue. Aliance Energy is definitely a stock to watch for.