Solar Alliance (SOLR) Short term Upside PotentialCurrently Trading at 6 Cents from a All-Time high of 70+ Cents
Micro-cap company Solar Alliance Energy is a solar design, build and install business serving the southeastern US states of Tennessee, Kentucky, North and South Carolina and more recently New York State. The company is both an owner of solar assets from which it derives recurring revenue and a builder for third-party customers. \
First positive comprehensive income result in the Company’s commercial solar history as contracted project backlog now totals $7.2 million
Revenue for the three months ended June 30, 2023, was $1,454,213, an increase of 51% from $964,548 in the same period in 2022 as the Company continued to increase both the number and the size of projects in its construction pipeline.
Cost of sales of $951,052 (Q2 2022: $891,789) resulting in a gross profit of $503,161 (Q2, 2022: $72,759) and a gross profit margin of 35% (Q2 2022: 8%).