SMR - 4 Stocks That Will Benefit From The Green Energy Revolution
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As the world racestowards a sustainable future, the transition to renewable energysources has gained unprecedented momentum. Last year, greenhouse gasemissions fell to a historic low as renewable energy in the U.S.reached an all-time high, with wind, solar, and hydroelectric plantsmeeting almost a quarter of the nation’s power demand, whileelectric vehicle sales surged to their highest levels ever.
However, a significantchallenge looms. According to the International Renewable EnergyAgency’s (IRENA) 1.5°C Scenario, the global fleet of electricpassenger cars must surpass 2 billion by 2050 to meet climate targets.Yet, S&P Global Mobility identifies price as the primary barrierto widespread electric vehicle adoption worldwide. Consequently,companies that innovate to offer more cost-effective EV solutionsstand poised to capitalize on this immense opportunity.
That is where VivoPower International (NASDAQ:VVPR) comes in. Thecompany's main goal is to generate sustainable energy solutions tohelp its customers and believes that sustainability doesn't needto be expensive. This is why it has developed its own custom solutionsfor the EV market.
VivoPower’s subsidiary, Tembo, provides conversion kitscontaining all the parts needed to convert a vehicle from an internalcombustion engine (ICE) to an electric (EV). That means everythingfrom the batteries, motors, and reduction box to charger, software,and the rest of the components that make the converted vehicle worksafely and seamlessly.
The company’s current focus is on designing and buildingruggedized electric vehicle solutions for various sectors, includingmining, infrastructure, utilities, tourism and governmentservices.
Tembo’s electric vehicle conversion solutions are availablefor some of the most widely used utility vehicle models, including theLandcruiser and Hilux, which are equipped to function in harshenvironments. The main advantage here is that with these off-road EVsolutions, users will incur lower maintenance and operational costs,less downtime, and won't have the need for expensive fuelinfrastructure.
Tembo’s latest conversion kit is designed for the LandCruiser and has 72kWh battery capacity and a 180 km to 190 km rangewith the capability to deliver 220 Nm of torque and 110kW of power,resulting in more pulling power and hill climbing capabilities thanthe diesel equivalent predecessor.
More importantly, Tembo’s conversion kits havereceived massive validation from the EV market, as illustrated by thefact that it has secured commitments and orders for over 10,000 fleetvehicle conversions from partners and customers globally to date.Through global partners with coverage across more than 50 countriesand all continents, VivoPower International (NASDAQ:VVPR) hasmade significant inroads in a number of high-growth EV markets, likethe Middle East and Asia.
In line with its mission to become the world’sleading aftermarket electrification solutions partner of choice forutility vehicle fleet owners, VivoPower International(NASDAQ:VVPR) has revealed a major upcoming corporate change.
On April 2, VivoPower subsidiary Tembo E-LV announced that it would merge with CactusAcquisition Corp. 1 Limited (CCTS), a NASDAQ-listed company, andchange its name to Tembo Group. CCTS will issue 83.8 million shares inexchange for Tembo shares at $10 per CCTS share, which corresponds toa pre-money indicative equity valuation of Tembo of $838million.
A totalof 16.76 million Tembo Dividend Shares, representing 20% of the 83.8million shares, will be distributed to Vivo Power shareholders, whowill receive 5 Tembo Group shares for each VivoPower share held. Thefinal merger agreement and independent fairness opinion will befinalized in May, with the merger targeted for completion by August2024. According to its most recent quarterly filing, CCTS has $25million in cash on its balance sheet.
Furthermore, VivoPower International(NASDAQ:VVPR) revealed that its Board of Directors authorized acapital management strategy including a stock buyback program thatwould allow the company to purchase up to $5 million of itsoutstanding common stock. This move, which is set to further increaseshareholder value, will be funded using the company’s proceeds frombusiness and asset divestitures, including spin-offs and carve-outs.
NuScale PowerCorporation (NYSE:SMR) is on a mission to help power the globalenergy transition by delivering safe, scalable, and reliablecarbon-free energy by leveraging its proprietary and innovativeadvanced small modular reactor (SMR) nuclear technology.
The company’sgroundbreaking SMR technology is powered by the NuScale Power Module,a small, safe, pressurized water reactor that can each generate 77megawatts of electricity (MWe) or 250 megawatts of thermal energy(gross) and can be scaled to meet customer needs through an array offlexible configurations up to 924 MWe.
Already, NuScale has an SMR project inRomania with financial backing of the United States government,amounting to about $4 billion, which is currently in its second phaseof development
The company recently reported FY23 earnings, which had a numberof interesting highlights. SMR had $22.8 million in revenue, missinganalysts expectations by about $2.9 million and a net loss of $180.1million compared to revenue of $11.8 million and a net loss of $141.6million for the previous period. It ended the period with $125.4million in cash and no debt.
According to Canaccord analysts, NuScale’s uniqueposition within the SMR space and rising demand for power in the U.S.have put it in a strong position for potential growth, which has ledto an upward revision of its price target to $6.
Aemetis, Inc.(NASDAQ:AMTX) is a renewable natural gas, renewable fuel, andbiochemicals company focused on the acquisition, development, andcommercialization of innovative technologies that replacepetroleum-based products and reduce greenhouse gas emissions. Aemetisleads the low-carbon fuels industry by building a circular bioeconomyutilizing agricultural waste to produce advanced renewable fuels thatreduce greenhouse gas emissions and improve air quality.?
The company owns andoperates a 65 million-gallon-per-year ethanol production facility inCalifornia's Central Valley that supplies about 80 dairy farmswith animal feed. in addition to operating a 60 million gallon peryear production facility on the East Coast of India, producinghigh-quality distilled biodiesel and refined glycerin for customers inIndia and Europe.
AMTX recently announced it had received approval by the U.S.Citizenship and Immigration Services (USCIS) of $200 million of EB-5program investment for its Riverbank sustainable aviation fuel (SAF)production plant, the dairy renewable natural gas (RNG) project, thecarbon sequestration project, and energy efficiency upgrades to theKeyes ethanol plant. The Riverbank plant was designed to produce 78million gallons per year of SAF for the aviation market and Aemetishas already secured more than $3 billion of contracts to supplyairlines
"This $200 million of funding provides attractive terms ata low interest rate to fund our projects, including the dairyrenewable natural gas project and the sustainable aviation fuel plantto meet rapidly increasing global demand for SAF from airlines,"said Eric McAfee, Chairman and CEO of Aemetis.
Maxeon SolarTechnologies (NASDAQ:MAXN) designs and sustainably produces solarpanels and energy solutions for residential, commercial, and powerplant customers. Its integrated home energy management is a flexibleecosystem of products and services built around its branded solarpanels. The company leverages over 1600 patents to design its solarpanels, a network of more than 1,700 trusted partners anddistributors, and over a million customers worldwide, making it aglobal leader in solar.
Last month, the company extended its technology leadership byachieving another leading efficiency rating benchmark for its solarpanels. MAXN announced a module aperture efficiency measurement of24.9% for its Maxeon 7 panel, confirmed by testing conducted at theU.S. National Renewable Energy Laboratory (NREL). This means that thepanels have the world's highest conversion rate efficiency of anycommercial solar panels.
Maxeon 7 solar panels are the next evolution of Maxeon'sIBC architecture. In addition to being designed for enhanced power,performance, and efficiency, Maxeon 7 cells feature a unique andpatented design to mitigate hotspot risk from cell cracking and heatbuildup under shaded conditions.
On April 1, the company announced changes in itsmanagement, appointing Vikas Desai as Chief Commercial Officer,effective immediately. Desai is a solar energy and technologyexecutive with over twenty years' experience of building andscaling multiple global businesses spanning hardware and software forboth B2B and B2C.
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