Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Streetwise-The Energy Report (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Solar Energy Company Expands Network Overseas

% of readers think this story is Fact. Add your two cents.


Source: Streetwise Reports 01/16/2024

Three Sixty Solar Ltd. has signed an MOU with a variety of partners in the U.S., the Middle East, and Turkey. Read on to see why analysts rated this company’s stock as a Buy.

Three Sixty Solar Ltd. (VSOL:NEO; VSOLF:OTC) announced in a press release on January 10, 2024, that the company had signed a memorandum of understanding (MOU) with Infraforward Strategies, Tareeq Al-Ahmadi Company, Fibercom Company, and Zamil Group Trade and Services Company for vertical solar tower systems.

Together, the companies that Three Sixty Solar signed with represent the installation of solar towers in the United States, Iraq, Turkey, and the Kingdom of Saudi Arabia. Infraforward’s focus is on digital infrastructure and green energy, while Tareeq Al-Ahmadi and Fibercom focus on construction, and Zamil Group is primarily a trading company with partnerships overseas.

Technical Analyst Clive Maund published an updated review of Three Sixty Solar, where he reaffirmed his positive view of the company and rated it as “an Immediate Strong Buy.”

The co-founder of Infraforward Strategies, Ahmed Alomary, commented, “We are excited to have signed this MOU with Three Sixty Solar and our partners in the Middle East and Turkey. Since meeting Three Sixty Solar early in 2023, we have held the belief that their technology can be well applied in the renewable energy and telecom projects that we have been working on overseas.”

Alomary continued, “With the addition of our partners in Iraq and Saudi Arabia, we believe that we can achieve deployment of the technology quickly and, with our partners in Turkey, we believe we can make the costs competitive.”

6.9% Expected Annual Growth

According to Grand View Research, the market for solar energy is expected to grow by 15.7% by 2030 and is estimated to be worth US$160.3 billion in 2021. Grand View identified government initiatives prioritizing green energy as major drivers for solar energy, as well as the research race on the part of both private companies and government entities for more efficient energy production.

Fortune Business Insights predicted that the market will be worth US$373.84 billion in 2029 and grow by 6.9% each year. Fortune identified the development of photovoltaic technology as a major focus of the market and reported that the majority of solar panel manufacturing, at about 70%, is focused in China, representing a shortage of supply for solar panels manufactured elsewhere.

An Immediate Strong Buy

On July 24, 2023, Technical Analyst Clive Maund published an updated review of Three Sixty Solar, where he reaffirmed his positive view of the company and rated it as “an Immediate Strong Buy.”

Maund commented on the company’s stock patterns, “The shorter-term 6-month chart shows recent action in more detail, and the most important point to observe is the really big volume on the rally so far this month and how it drove the Accumulation line up to clear new highs which certainly looks bullish.”

In March of 2023, Maund had also reviewed the company as “a Very Strong Buy” and stated that he believed that the company was a great long-term investment opportunity, especially given its bullish stock patterns. [OWNERSHIP_CHART-10838]

The company has a number of reports, according to the company’s investor presentation, including its 5-year goal to establish 500 MW of solar towers internationally and to develop 25 solar farms in North America and Europe by 2027.

Ownership and Share Structure

Reuters provided a breakdown of the company’s ownership and share structure, where management and insiders own approximately 2.96% of the company. According to Reuters, CEO Brian P. Roth owns 2.79% of the company with 1.25 million shares, and Director Scott McLeod owns 0.17% of the company with 0.08 million shares.

Reuters reports that institutional investors own approximately 17.12% of the company, as 0996996 BC Ltd. owns 17.06% of the company with 7.64 million shares, and Carret Asset Management, L.L.C. owns 0.06% of the company with 0.03 million shares.

According to Reuters, there are 44.78 million shares outstanding with 35.82 million free float traded shares, while the company has a market cap of CA$5.02 million and trades in the 52-week period between CA$0.14 and CA$0.91.

Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

Important Disclosures:

  1. Three Sixty Solar Ltd. has a consulting relationship with an affiliate of Streetwise Reports, and pays a monthly consulting fee between US$8,000 and US$20,000.
  2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Three Sixty Solar Ltd.
  3. Amanda Duvall wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
  4. The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

For additional disclosures, please click here.

( Companies Mentioned: VSOL:NEO;VSOLF:OTC, )


Source: https://www.streetwisereports.com/article/2024/01/16/solar-energy-company-expands-network-overseas.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.


LION'S MANE PRODUCT


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules


Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.



Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.


Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.