Post by
WCG123 on Feb 01, 2024 3:45pm
New Pipeline Additions
https://www.westbridge.energy/westbridge-renewable-announces-european-expansion-with-the-origination-of-two-solar-projects-in-italy-with-a-combined-capacity-of-62mw/
Westbridge continues to execute on pipeline growth. Added two new projects in Italy, which further increases geographic diversification. They now have projects being developed in four countries - US, Canada, UK, and Italy.
This looks to be a greenfield project, which is of course nice to see given no external compensation. However, with Georgetown now closed, and $40M+ of cash collected, I'm excited to see what they can do from a strategic acquisition standpoint, like they did with Accalia.
Stock now under $100M fully diluted market cap vs. $47M payment for Georgetown in December and less than $2M of overhead. Pretty interesting....