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Tuesday, November 26, 2019

#Cannabis/#Solar #Stock News: SinglePoint (OTCQB: $SING) Recaps 2019 Plans for Successful 2020 After Largest Third Quarter in Company History Surpassing $1,000,000 in Revenue

#Cannabis/#Solar #Stock News: SinglePoint (OTCQB: $SING) Recaps 2019 Plans for Successful 2020 After Largest Third Quarter in Company History Surpassing $1,000,000 in Revenue



PHOENIX - November 26, 2019 (Investorideas.com Newswire) SinglePoint Inc. (OTCQB:SING), recaps 2019 and looks ahead to 2020. As the company comes off its largest 3rd quarter in history, exceeding $1,000,000 in revenue for the quarter. The company continues to see expanded growth in two major markets, Hemp and Solar. Throughout Q4 and into 2020 SinglePoint will focus on growing these two market segments as demand increases for both. SinglePoint recently launched 1606 hemp which will have its major debut at the December 11-13, 2019 MJBIZCON where thousands will converge at the Las Vegas Convention Center to see the latest products in the industry. SinglePoint expects the sale of 1606 to be a large contributor in 2020 to overall company growth.




1606 Original Hemp Pre-Rolled Hemp

"We are excited for the launch of our 1606 Original Pre-rolled Hemp. We believe we can quickly scale the sales of this product via ecommerce and retail buyers. The Hemp Pre-rolls have a major profit margin which will support continued organic growth," states Wil Ralston, President SinglePoint.

1606 Original Hemp cigarettes are nicotine and tobacco free. Some research suggests that smoking hemp cigarettes could be a potential tool to replace tobacco and nicotine addictions. According to a Brightfield Group survey of more than 5,000 CBD users in the U.S.:
·        24% have used it to help quit smoking.
·        Quitters are often replacing cigarettes with either smokable hemp or vaping.
·        41% of quitters have entirely replaced traditional smoking with hemp CBD.

According to a June 2019 market research report published by MarketsandMarkets™, the industrial hemp market is projected to grow from $4.6 billion in 2019 to $26.6 billion by 2025, recording a compound annual growth rate of 34.0% during the forecast period. The cannabidiol (CBD) market is on track to grow to $23.7 billion through 2023, according to Brightfield Group. The firm also estimated the smokable hemp market to be valued at $11.5 million in 2018, a growth of 250% from 2017.

"We have an exceptional strategic plan in making SinglePoint one of the biggest publicly traded companies in the Smokable hemp space. We believe we offer investors and our current shareholders tremendous value given our leadership position in several explosive markets including ecommerce, Hemp and Solar. As SinglePoint continues to grow revenue and profit we continue to strive for meeting the qualifications to apply for a listed exchange," states Greg Lambrecht, CEO SinglePoint.

SinglePoint predicts growth in its markets will continue. Support for legalization passed Wednesday when lawmakers in the House Judiciary Committee approved a Bill that stands to decriminalize marijuana at the federal level. The Marijuana Opportunity Reinvestment and Expungement Act of 2019 (the "MORE Act") passed by a wide margin with bipartisan support. This bill will now head to Senate; this is just the first of many steps but as support continues SinglePoint believes it will only continue to open up options for businesses to obtain legal payment processing accounts. SinglePoint is currently growing its portfolio of accounts and as soon as the company believes there is a viable, stable payments option it will be able to onboard additional clients.

As SinglePoint's Hemp business continues to blossom, Direct Solar of America drives additional expansion. Direct Solar, a subsidiary of SinglePoint Inc. (OTCQB:SING), a leading residential and commercial solar brokerage, continues to exceed revenue growth targets and has been pivotal to improving the Company's financials.

Quarter Three 2019 Highlights of Direct Solar include:
·        Contracts Originated $4,965,975 (installs set for Q4 and Q1 2020)
·        Opened in three new states
·        Launched high school partnership program with 47 Texas based high schools
·        Signed MOU with SchollyMe to develop online and mobile solar purchasing ability
·        Launched Direct Solar Capital and Direct Solar Commercial

Direct Solar of America is filling a gap in the solar market by providing homeowners the knowledge and comfort throughout the solar purchasing cycle. There are many complexities when it comes to the purchases including tax credits, leasing vs. buying, installers among other decisions to make. Direct Solar separates itself by becoming experts in the intricacies of solar in each market. Direct Solar has surpassed over $900,000 in revenue in just six months of operations.

About SinglePoint, Inc.
Founded in 2011 SinglePoint, Inc (SING) invests in and acquires brands and companies that will benefit from injection of growth capital and the sales and marketing expertise of SinglePoint. The company portfolio currently includes solar renewables, Hemp and distribution tobacco products. SinglePoint is working to grow to a multi-national brand.

Connect on social media at:
For more information visit: www.SinglePoint.com

Forward-Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

Corporate Communication
SinglePoint Inc.
855-711-2009
investors@SinglePoint.com
SinglePoint.com

SinglePoint (SING) is a featured stock on Investorideas.com

More info on SING at Investorideas.com Visit: https://www.investorideas.com/CO/SING/


Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. For Disclosure purposes SinglePoint Inc (OTCQB: SING) is a paid  annual news and social media company on Investorideas.com.  More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp and  https://www.investorideas.com/About/News/Clientspecifics.asp . Learn more about our prices for publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
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Monday, November 25, 2019

Investor Ideas #BlackFriday Membership Sale – #Stock Directories, Articles, Podcasts in Cannabis, Mining, AI, Crypto, Cleantech and more

Investor Ideas #BlackFriday Membership Sale – #Stock Directories, Articles, Podcasts in Cannabis, Mining, AI, Crypto, Cleantech and more

Point Roberts WA, Delta BC, November 25, 2019 – (Investorideas.com Newswire) Investor Ideas, a leading global investor resource , announces its Black Friday special offer to retail investors. The six month membership (regular price $59) is now on sale for a limited time for $9.99.

Learn more and sign up before November 30th https://www.investorideas.com/membership/BlackFridaySale.asp

Investors get 24/7 login to stock directories in the hottest sectors, daily investing podcasts, stock news alerts for trading and investing ideas for stocks listed on the TSX, TSX.V, CSE, OTC, NASDAQ, NYSE, ASX and more.   


About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining,  the AI Eye .

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
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Tuesday, November 19, 2019

#Solar Stock News: #SinglePoint (OTCQB: $SING) Subsidiary Direct Solar Making Major Headway as Expansion Continues


#Solar Stock News: #SinglePoint (OTCQB: $SING) Subsidiary Direct Solar Making Major Headway as Expansion Continues

Company continues to expand growth and operations throughout the US



PHOENIX - November 19, 2019 (Investorideas.com Newswire) Direct Solar a subsidiary of SinglePoint Inc. (OTCQB:SING), a leading residential and commercial solar brokerage, continues to exceed revenue growth targets and has been pivotal to improving the Company’s financials.



Quarter Three 2019 Highlights of Direct Solar include:
·        Contracts Originated $4,965,975 (installs set for Q4 and Q1 2020)
·        Opened in three new states
·        Launched high school partnership program with 47 Texas based high schools
·        Signed MOU with SchollyMe to develop online and mobile solar purchasing ability
·        Launched Direct Solar Capital and Direct Solar Commercial

"We have been on an upswing as more people are finding out about Direct Solar and what we bring to the market. From homeowners to developers and commercial building owners, we have a solution. We believe the market for residential alone is around 100 Million homes. With the complexity around buying solar, we believe Direct Solar is the key to helping solar customers easily acquire the best solution for their needs", states Pablo Diaz, Direct Solar CEO.

About Direct Solar
Direct Solar is a subsidiary of SinglePoint Inc. (OTCQB:SING). Direct Solar America, a solar energy brokerage, helps find and install the best available solar energy system for any building, residential or commercial.

About SinglePoint, Inc.
SinglePoint Inc (SING) is a technology and acquisition company with a focus on acquiring companies that will benefit from management, capital and technology integration. Our portfolio includes mobile payments, industrial hemp and renewable energy solutions. Through acquisitions into horizontal markets, we are building our portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. Through SingleSeed, we providing products and services to the cannabis industry.

Connect on social media at:
For more information visit: www.SinglePoint.com

Forward-Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, including but not limited to the growth of our solar operations and hemp based products are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Unforeseen complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

Corporate Communication
SinglePoint Inc.
855-711-2009
investors@SinglePoint.com
SinglePoint.com

SinglePoint (SING) is a featured stock on Investorideas.com

More info on SING at Investorideas.com Visit: https://www.investorideas.com/CO/SING/


Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. For Disclosure purposes SinglePoint Inc (OTCQB: SING) is a paid  annual news and social media company on Investorideas.com.  More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp and  https://www.investorideas.com/About/News/Clientspecifics.asp . Learn more about our prices for publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Investor Ideas does not condone the use of cannabis except where permissible by law. Our site does not possess, distribute, or sell cannabis products.




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Friday, November 15, 2019

Investor Ideas adds - Mining #Stocks (CSE: $LDG.C) (CSE: $GL.C) (TSXV: $DHR.V) and Cannabis Stocks (CSE: $CBII.C; OTCQB: $CBIIF) (CSE: $CBDN.C)

Investor Ideas adds - Mining #Stocks (CSE: $LDG.C) (CSE: $GL.C) (TSXV: $DHR.V) and Cannabis Stocks (CSE: $CBII.COTCQB: $CBIIF) (CSE: $CBDN.C)

Also added- Food & Beverage Stock (TSX: $MFI.TO), Green Technologies Stock (TSX: $TEV.TOand Cyber Security Stock (Nasdaq: $BUG)




Point Roberts WA, Delta BC, November 15, 2019 – (Investorideas.com Newswire) Investorideas.com, a global news source and leading investor resource announces its weekly roundup of stocks added to its global stock directories in mining, cannabis, food & beverage, greentech, and cybersecurity.


This week’s new companies are all listed on Canadian exchanges (TSX and CSE) with the exception of the new Cyber security ETF - Global X Cybersecurity ETF (NasdaqGM:BUG).

The latest mining companies have operations in British Columbia, Canada and Nevada, US while the latest cannabis companies are CSE-Listed and involved in medical cannabis and CBD topicals, respectively.

The newest food company is the well-established Maple Leaf Foods Inc. (TSX: MFI.TO), producer of multiple well-known brands including Maple Leaf®, and Schneiders®.

The newest green tech company, Tervita Corporation (TSX: TEV) offers waste management and environmental solutions including waste processing, treating, recycling, and disposal services.

New Mining Companies:
Gold Lion Resources Inc. (CSE:GL) is a Vancouver-based mineral exploration company currently focused on the exploration of its Fairview Property located in British Columbia, Canada

Lodge Resources Inc. (CSE: LDG) is a mineral exploration company focused on the acquisition, exploration and development of the Comstock Property, located in the Nicola Mining District, British Columbia.

Discovery Harbour Resources Corp. (TSXV: DHR.V) is a Canadian TSX Venture Exchange listed company (TSXV: DHR) focused on sourcing, exploring and developing mineral properties, with a strategic focus on gold projects, in order to enhance shareholder value. Its current focus is the Caldera low sulphidation epithermal gold project in southern Nevada.

New Cannabis Companies:
CB2 Insights (CSE:CBIIOTCQB:CBIIF) is a global leader in clinical operations, technology & analytics solutions and research and development services with a mission to mainstream medical cannabis into traditional healthcare. Providing immediate market access through its wholly-owned clinical network across 12 jurisdictions, proprietary data-driven technology solutions and comprehensive contract research services designed for those in both the medical cannabis and traditional life sciences industries, CB2 Insights is able to support its partners across the entire data and research spectrum. CB2's Clinical Operations business unit leverages extensive experience to develop clinical models with standard operating procedures, advanced workflows, training and ongoing management support. CB2 also owns and operates its own speciality clinics including the brands Canna Care Docs and Relaxed Clarity which assess nearly 100,000 patients seeking medical cannabis treatment to provide immediate market access to US-based product manufacturers for clinical trial and research programs. The Company has built both electronic data capture (EDC) and clinical data management software (CDMS) which work to support its partners of any size to execute their data and clinical strategies. CB2 also offers comprehensive contract research organization (CRO) services including full scale clinical trial management, trial design, monitoring and other key research functions used by licensed producers, multi-state operators and traditional pharmaceutical companies entering the medical cannabis space.

CBD Global Sciences, Inc.,(CSE:CBDN)  is a vertically integrated hemp-based CBD producer, extractor, and branding investment vehicle which currently owns two product categories, branded under the name AETHICS (www.aethics.com) and CANNAOIL (www.cannaoilshop.com), which include CBD Oil tinctures (liquid products), CBD capsules, CBD topicals. CBD Global Sciences hemp-derived CBD extracts are sold through select distributors, brick and mortar retailers, and online

New Food and Beverage Companies:
Maple Leaf Foods Inc. (TSX: MFI.TO) is a producer of food products under leading brands including Maple Leaf®, Maple Leaf Prime®, Maple Leaf Natural Selections®, Schneiders®, Schneiders® Country Naturals®, Mina®, Greenfield Natural Meat Co.®, Lightlife®, Field Roast Grain Meat Co.TM and Swift®. Maple Leaf employs approximately 12,500 people and does business in Canada, the U.S. and Asia. The Company is headquartered in Mississauga, Ontario.

New Green Companies
Tervita Corporation (TSX: TEVis a leading waste management and environmental solutions provider offering waste processing, treating, recycling, and disposal services to customers in the oil and gas, mining, and industrial sectors. We serve our customers onsite and through a network of facilities in Canada and the United States. For 40 years, Tervita has been focused on delivering safe and efficient solutions through all phases of a project while minimizing impact, maximizing returns™. Our dedicated and experienced employees are trusted sustainability partners to our clients. Safety is our top priority: it influences our actions and shapes our culture. 

New Cyber Security Companies
Global X Cybersecurity ETF (NasdaqGM:BUG) seeks to invest in companies that stand to potentially benefit from the increased adoption of cybersecurity technology, such as those whose principal business is in the development and management of security protocols preventing intrusion and attacks to systems, networks, applications, computers, and mobile devices.The Global X Cybersecurity ETF (BUG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Cybersecurity Index.

The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change Exploring Mining,  the AI Eye .

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
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Investorideas.com - Strong Earnings & Growth Keep the Momentum Going in Solar (OTCQB: $SING) (NYSE: $VSLR) (NASDAQ: $SEDG) (NASDAQ: $RUN)

Investorideas.com - Strong Earnings & Growth Keep the Momentum Going in Solar (OTCQB: $SING) (NYSE: $VSLR) (NASDAQ: $SEDG) (NASDAQ: $RUN)

Thursday, November 14, 2019

#Solar #Stock Earnings Shine - (OTCQB: $SING) (NYSE: $VSLR) (NASDAQ: $SEDG) (NASDAQ: $RUN)


#Solar #Stock Earnings Shine - (OTCQB: $SING) (NYSE: $VSLR) (NASDAQ: $SEDG) (NASDAQ: $RUN)

Singling out the Winners in the Solar Revolution

Point Roberts WA, Delta BC – November 14, 2019 - Investorideas.com, a leading investor news resource covering solar stocks releases a sector snapshot looking at solar company earnings and the anticipated growth in the sector, featuring news from Direct Solar of America, a subsidiary of Singlepoint Inc. (OTCQB: SING).

Other solar stocks included in this earnings snapshot include; Vivint Solar Inc. (NYSE: VSLR), SolarEdge Technologies, Inc. (NASDAQ: SEDG) and Sunrun Inc. (NASDAQ: RUN).

Solar companies are facing the challenges and the opportunities in a market that is witness to growing demands due to climate change, a next generation of residential consumers that are pro- solar, new technology disruption and pricing that, for the first time is competitive to fossil fuels.


According to a recent report by the IEA (https://www.iea.org/), ‘Global solar PV market set for spectacular growth over next 5 years,’  “The installation of solar PV systems on homes, commercial buildings and industrial facilities is set to take off over the next five years, transforming the way electricity is generated and consumed, according to the International Energy Agency’s latest renewable energy market forecast.”

“The report forecasts that the world’s total renewable-based power capacity will grow by 50% between 2019 and 2024. This increase of 1,200 gigawatts – equivalent to the current total power capacity of the United States – is driven by cost reductions and concerted government policy efforts. Solar PV accounts for 60% of the rise. The share of renewables in global power generation is set to rise from 26% today to 30% in 2024.”

Fairly new to the solar industry and investors following the sector, emerging company Singlepoint Inc. (OTCQB: SING) saw the growing opportunity in solar and acquired Direct Solar of America. Singlepoint Inc. just reported record Third Quarter 2019 Financial Results. The Company reported revenues of $1,050,374 for the three months ended September 30, 2019, a 176% increase over the same period in 2018. The Company said in the release, “The Company’s most recent acquisition, Direct Solar, continues to exceed revenue growth targets and has been pivotal to improving the Company’s financials.”

“This has been a great quarter for SinglePoint, we are very excited to see the growth of the company. We are establishing solid financials and we anticipate a big fourth quarter. Everything is firing on all cylinders and we continue to hit our numbers. We believe SinglePoint’s revenues will continue to grow as our subsidiary Direct Solar expanded into new markets,” states Greg Lambrecht, CEO of SinglePoint.

Looking at future growth, Direct Solar of America recently announced it signed a MOU with SchollyME. Direct Solar and SchollyME will collaborate on marketing Direct Solar through the schools that SchollyME is currently working with. The collaboration will put Direct Solar into the high school programs as a partner with SchollyME. This marketing strategy has already seen major success in driving new business for both companies.

Direct Solar of America is America’s Solar Energy Brokerage with more than 3,500 home installations, which has enabled residential solar customers to shop for options in order to find the best option for the home. Like Rocket Mortgage or Lending Tree, Direct Solar representatives provide homeowners with a variety of financing and service providers; this has made the process of buying solar much easier for homeowners. Direct Solar is operational in eight states and continues to expand its residential solar footprint. Direct Solar Commercial serves customers that own and/or manage commercial properties. Along with Direct Solar Capital, an alternative energy financing solution, commercial projects have access to $50,000 to $3 million in funding for solar installations.

SolarEdge Technologies, Inc. (NASDAQ: SEDG), a global leader in smart energy, announced its financial results for the third quarter ended September 30, 2019 last week and beat both earnings and revenue expectations.  The Company reported record revenues of $410.6 million, up 26% from $325.0 million in the prior quarter and up 74% from $236.6 million in the same quarter last year. Revenues related to the solar business were $387.8 million, up 26% from $306.7 million in the prior quarter and up 66% from $233.8 million in the same quarter last year.

On the company conference call, Zvi Lando, SolarEdge Technologies, Inc.’s acting CEO & Executive VP of Global Sales reported, ”I'm happy to report that once again, we concluded our quarter with record revenues of $411 million, representing strong growth led by record revenues in the US where we often see upswing in business in the second half of the year and record revenues in Europe, where typically the third quarter is not as strong due to summer holiday season. Similarly, we saw strength and growth in most other region in which we operate. These revenues were based on record quarter in our solar business of approximately $388 million. With this record revenue, we have surpassed for the first time the milestone of $1 billion of revenues in a financial year, and this has been achieved through just the first 3 quarters of 2019. This revenue growth, coupled with our gross margin levels at the upper end of our guidance and increased operational leverage has enabled us to generate record non-GAAP net income and a record net diluted non-GAAP earnings per share of $1.21.”

“In the third quarter, we shipped 1.5 gigawatts of AC nameplate inverters, approximately 598 megawatts of which shipped to North America, up from 430 megawatts shipped to North America in the previous quarter. Shipments to Europe consisted of 712 megawatts, up from 658 megawatts shipped in the previous quarter. This quarter, we shipped 543 megawatts of commercial products compared to 591 megawatts in the previous quarter. This reduction is mainly a result of the higher demand in the U.S. for residential products and prioritization of the manufacturing mix in our production lines accordingly. This quarter, we shipped approximately 4.6 million power optimizers and approximately 188,000 inverters. All in all, we have now shipped more than 45.4 million optimizers and 1.9 million inverters since launching shipment of products in January of 2010.”

Solar panel installation company, Vivint Solar Inc. (NYSE: VSLR)  announced results for the third quarter ending September 30, 2019 after market  November 6th. Following the news, the stock rose as high as 11.6% in trading as it beat analyst revenue expectations. Installations were 9,458 for the quarter, up 25% year-over-year. Cumulative installations were 178,733. Revenue was $104 million, up 33% over the third quarter of 2018.

In the earnings call November 8th, CEO David Bywater reported to shareholders, “We have continued to execute well, installing 65 megawatts in the third quarter, which was at the high end of our guidance. This represents 20% growth over the third quarter of last year and 18% growth year-to-date.”

“On a customer basis, our growth was 25% year over year. Demand continues to be robust for residential solar, and we believe we are well positioned for a strong finish to the year, exceeding the 15% annual growth guidance we provided at the start of the year. Our growth is coming across all of our channels, but it is strongest in our inside sales, retail and homebuilder channels, which, in the third quarter, represented 11% of our total volume, up 34% sequentially and 145% year over year. This growth is beginning to scale.”

Sunrun Inc. (NASDAQ: RUN) the nation’s leading residential solar, storage and energy services company issued its third quarter 2019 earnings report after the market close, November 12, 2019.  In the third quarter of 2019, Megawatts Deployed increased to 107 MW from 100 MW in the third quarter of 2018, a 7% year-over-year increase. Creation Cost per watt was $3.28 in the third quarter of 2019, compared to $3.34 in the third quarter of 2018.

Total revenue grew to $215.5 million in the third quarter of 2019, up $10.6 million, or 5% from the third quarter of 2018.

Consumers looking at solar during the California blackouts caused a reaction in the market and the stock gained from new interest

In the earnings release the company noted, ““Millions are suffering through forced blackouts as wildfires burn across California. We need affordable, clean, reliable power now more than ever,” said Lynn Jurich, Sunrun’s Chief Executive Officer and co-founder.  “Sunrun has grown its customer base 24% from last year, with more than 270,000 homes embracing local, clean energy. We expect to increase cash generation by 60% to $100 million this year, while investing in our leading customer acquisition capabilities and technology platform.”

The solar sector still has headwinds and some of the manufacturers released less than stellar earnings. But for the sector overall, the trend is their friend and consumers are demanding renewable energy options. Climate change marches globally are becoming a weekly occurrence and the next generation of consumers are demanding real solutions and a revolution, not just empty promises from governments.

“Renewables are already the world's second largest source of electricity, but their deployment still needs to accelerate if we are to achieve long-term climate, air quality and energy access goals,” said Dr Fatih Birol, the IEA’s Executive Director.   

The sector is also being boosted by research funding to meet future demands. Last week the US Department of Energy (DOE) announced selections for $128 million in new projects to advance solar technologies. Through the Office of Energy Efficiency and Renewable Energy’s Solar Energy Technologies Office, DOE will fund 75 innovative research projects that will lower solar electricity costs, while working to boost solar manufacturing, reduce red tape, and make solar systems more resilient against cyberattacks.   

For investors following solar stocks, Investor Ideas has created a stock directory of renewable energy stocks as part of its membership. Learn more https://www.investorideas.com/membership/

Get more renewable energy investing ideas and news at our site Renewableenergystocks.com

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