Valuation UpdateJust a little update on valuation based on the 158 MW of backlog UGE reported as of Dec 31st. Using $0.80 USD of cash-value per watt (a conservative sale price for pre-development projects), UGE would be worth ~$142 million right now.
That is the approx cash sale value of their current backlog, if they chose to sell them all, which equates to a rough value of $4.40/share.
The NPV calculation, based on future cash flows, would be much higher.
This stock is ripe for a re-rating.