![]() Also, now that consumers will have access to the company's products, a wave of review and insight will emerge into whether this company is the real deal. This is especially pertinent in regard to what recently occurred in Texas. The technology that Camp Pendleton utilizes is now soon-to-be accessible for the masses. mVoult is a residential microgrid controller that can be applied to existing or new infrastructure and is able to protect the customers' access to the grid, batteries, or production sources. However, as seen with the recent release of mVoult, the company is now taking steps to bring their products direct to residential consumers. One of the primary concerns of shorts is that the company does not sell physical objects and is merely a scheme to benefit from green investments. Introducing, mVoult: a Residential Microgrid Unit First, let us take a look at these catalysts and determine how we can incorporate them into the analysis. ![]() Since that point over 6 months ago, new catalysts have given rise to a higher rate of revenue growth. Using the company provided revenue growth estimates, my former article estimated that by 2035, the stock's price should increase at least 1400% and have a conservative max increase of 14000%. Even with such a valuation, I do not trade on a short-term basis, and merely continue to add to my positions slowly. As such, we must look at the financials to determine the health of the company.Īs a small company in a young industry, the current revenues are very low, about $10 million for 2020, and trades at a price/share ratio of nearly 30 and FWD P/E of 180. Microgrids are an innovative new field where any information is highly coveted to prevent competitive advantage. Many short reports deem these contracts as baseless, yet revenues are being seen and progress is continuing to go forward. Now the company has contracts with multiple developers worldwide producing commercial grade microgrid solutions. One of the first contracts of the company was based at USMC base Camp Pendleton, where CLSK provided a diverse microgrid system of multiple separate grid islands that all work in unison to maintain energy flow at military grade security and stability. This allows for economic and efficiency optimization at a higher level than human monitoring can provide. Microgrids are an aspect of the renewable energy field as a way to use software or AI to monitor all forms of power inflow/outflow/production at a singular location automatically. ( NASDAQ: CLSK) is a diversified company that has their main focus on producing microgrid solutions. If you are new to the company, CleanSpark, Inc. Of course, the past 2 months show investors struggling to continue their hold at such high values.Īs a quick summary of my previous article for those of you who may not have read it, I base my investment thesis on the company as a very long term, buy and hold company. However, I knew that CleanSpark still had boundless growth ahead.Ĭhart 2: As shown in this chart, those who believed that prices were too high in August were quite wrong, with incredible returns still seen for both companies. ![]() In my former article, I used this chart to compare how both companies were seen as overvalued at the time. Chart 1: An overview of the stock performance of two high-growth and innovative companies, CleanSpark and Tesla ( TSLA). This article is a follow up to my previous publication in August 2020, and will attempt to bolster the argument that was laid down in that piece with updated financials and company news. Yet, I view the company as far less risky, speculative, and/or overpriced than many. ![]()
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