BacklogHaven't had a chance to listen to the webcast yet.
But saw in the presentation that the backlog grew to 145MW - blowing past their year-end goal of 120MW - pipeline at close to 800mw (they have historically converted 1/3 of this)
Remember, the company has said that 100MW = ~$20M of recurring revenue + developer fees
At a ~2 year development cycle we're talking about around $30M of revenue in 2024 - around were street estimates are (sell side analysts finally look like they know what they;re doing)
Solar peers are trading north of 10x 2024 sales - that's a $300M+ valuation on today's prospects - then factor in a massive pipeline of opportunities
Then factor in a major potential boost from Build Back Better provisions - hasn't passed yet but sounds like a matter of time - unless the democrats never want to get elected again