Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Bullboard - Stock Discussion Forum GraniteShares Gold Trust BAR

The investment seeks to reflect generally the performance of the price of gold. The Shares are intended to constitute a simple and costeffective means of making an investment similar to an investment in gold.

ARCA:BAR - Post Discussion

GraniteShares Gold Trust > UGE to benefit from US Climate Bill
View:
Post by ScottFAP on Jul 28, 2022 10:09pm

UGE to benefit from US Climate Bill

UGE is my top pick to benefit from the US climate bill which is the largest climate bill in U.S.A. history.

The stock was up 22% today. The company put out a newsletter where it mentioned how it will benefit:

  1. 10-Year ITC Extension at 30% - the longest investment tax credit (ITC) extension in history, since first introduced by President Bush almost 20 years ago. Without this extension, the ITC was set to decline from 26% in 2022, to 22% in 2022, to 10% thereafter. We understand the ITC to also have bonus provisions for many of the low and moderate income communities in which we work.
  2. ITC for Standalone Storage - until now, battery storage was only eligible for the ITC if it was directly charged by solar. With this bill, standalone storage is also eligible for ITC. Recall that we’ve been busy developing such projects in Massachusetts and elsewhere.
  3. ITC for Interconnection Upgrades - a significant portion of the cost of solar projects is to pay for utilities to upgrade the grid so that the solar project can connect to it. Until now these upgrades were not eligible for the ITC; with this bill they will be.
  4. Credits to Grow US Manufacturing - while we have no plans to manufacture ourselves, there is substantial support to grow US solar supply chains, which we expect will directly lead to lower costs and quicker deliveries.
Comment by 1condor on Sep 16, 2022 2:43pm
No doubt you need to sell these little flippers on the news. Stock is now working its way back down to the old lows. Not a holder.
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities