REVOLVE RENEWABLE POWER - REVVF STOCK NEWS

Revolve Renewable Power Corp. (TSXV:REVV)(OTCQB:REVVF) has announced the proposed acquisition of a 30MWp solar project in Alberta, Canada. The company's subsidiary, Revolve Meadows Solar GP Inc., will pay an upfront consideration of C$100,000 with potential additional payments up to C$790,000 based on project milestones. The project, located south of Edmonton, is expected to be developed in two phases (20MWp and 10MWp). Once fully commissioned, the first phase is projected to generate annual revenue of C$3.0m to C$5.0m and EBITDA of C$1.8m to C$3.0m. Revolve aims to have the first phase ready to build by early 2026, with commissioning targeted for mid-2026. This acquisition aligns with Revolve's strategy to expand its presence in the Canadian market and build a portfolio of utility-scale assets.

Revolve Renewable Power Corp. (TSXV:REVV)(OTCQB:REVVF), a North American renewable energy project developer, has announced the release date for its FY2024 financial results. The company plans to publish its June 30, 2024 full year financial statements on October 29, 2024, before the market opens at 8:00 AM Eastern Standard Time. Along with the financial statements, Revolve will provide supplementary information updating stakeholders on the business.

The company had previously updated its FY2024 Financial Guidance on June 20, 2024. However, specific details of this guidance were not included in the press release.

Revolve Renewable Power Corp. (TSXV:REVV)(OTCQB:REVVF) has announced the grant of 308,944 Deferred Share Units (DSUs) to its directors, effective July 19, 2024. These DSUs, priced at C$0.33 per share, vest after one year and are issued quarterly in lieu of cash director's fees. Additionally, the company has granted 475,000 incentive stock options to officers, employees, and consultants, exercisable at $0.50 per share. These options will vest one year from the grant date and expire on August 30, 2027. Both the DSUs and stock options are subject to regulatory approval and a four-month resale restriction.

Revolve Renewable Power Corp. (TSXV:REVV, OTCQB:REVVF), a developer of renewable energy projects, announced a change in auditors. Effective July 10, 2024, Kreston GTA LLP replaces Davidson & Company LLP as the Company's auditor. The decision was approved by the board of directors and the audit committee, with no reservations or modified opinions reported by the former auditor. The Notice of Change of Auditor and accompanying letters have been reviewed and filed on SEDAR+.

Revolve Renewable Power Corp. (TSXV:REVV, OTCQB:REVVF) has announced an upward revision of its FY2024 financial forecast. This announcement, dated June 20, 2024, highlights significant growth in the company’s renewable energy projects across North America.

Key updates include a projected increase in annual revenue by 25%, driven by new project acquisitions and improved operational efficiencies. The revised forecast also anticipates a 15% reduction in operational costs due to advancements in technology and strategic partnerships.

Revolve's CEO, Mark O’Reilly, attributes the positive financial outlook to the company's commitment to expanding its renewable energy portfolio, reinforcing its position as a market leader in the sustainable energy sector.

The company’s focus on innovation and sustainable growth continues to attract investor interest, reflected in a recent uptick in stock performance. This upward revision positions Revolve for strong financial health and shareholder returns in the upcoming fiscal year.

Revolve Renewable Power Corp. (TSXV: REVV, OTCQB: REVVF) announced it will present at the 2024 Canadian Climate Investor Conference (CCIC) on June 25, 2024, at the MaRS Discovery District in Toronto, Ontario.

The company, engaged in developing renewable energy projects across North America, aims to highlight its business developments and future plans. The conference provides an opportunity for Revolve to engage with potential investors and stakeholders in the renewable energy sector.

Revolve Renewable Power Corp. (TSXV:REVV, OTCQB:REVVF) has announced the receipt of a US$3.4 million milestone payment for the 1,000MW Bouse Solar and Storage Project. This payment follows the completion of a important interconnection milestone. The project, sold to ENGIE IR Holdings in January 2023, previously provided Revolve with an upfront payment of US$2 million, with $800,000 recognized as revenue in Q3 FY2023 and $1.2 million as deferred revenue. The recent milestone achievement means the deferred revenue of US$960,000 will now be recognized in Q4 FY2024. The Bouse Project spans 6,155 acres in Arizona and is capable of powering approximately 1.2 million homes.

Revolve Renewable Power Corp. (REVVF) reported a 65% revenue increase for Q3 FY2024, compared to the same period last year, following the acquisition of WindRiver Power. Total revenues for the quarter were $337,439 and $1,668,201 for the nine months ending March 31, 2024. Notable revenue sources included electricity generation and milestone payments. Renewable energy generation reached 3,877,342 kWh for the quarter. The company completed the acquisition of WindRiver and has various projects under development, including a 3MW CHP project and 450kWp rooftop solar project in Mexico. Despite challenges in converting signed power purchase agreements, Revolve remains optimistic. However, the company reported a net loss of $1,167,546 for the quarter, a significant decline from a net profit last year. As of March 31, 2024, cash on hand was $1,295,455.

Revolve Renewable Power Corp. (OTCQB: REVVF) is set to release its Q3 2024 financial results on May 30, 2024, before the markets open. The company, a North American renewable energy projects owner, operator, and developer, will provide additional business updates alongside the financial statements.