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UGE INTERNATIONAL LTD - UGEIF STOCK NEWS

Welcome to our dedicated page for UGE INTERNATIONAL news (Ticker: UGEIF), a resource for investors and traders seeking the latest updates and insights on UGE INTERNATIONAL stock.

UGE International Ltd. (UGEIF) is a leader in commercial and community solar projects, providing cleaner energy solutions to businesses. With over 500MW of experience, UGE develops, owns, and operates projects globally to support sustainable energy consumption. In 2023, UGE significantly expanded its operational portfolio, reaching a record NTP on 18.2MW of projects. Despite a decline in total revenue, the company saw a 64% increase in recurring revenue during Q1 2024. UGE is focused on scaling its operational portfolio further in 2024, with approximately 20MW of projects under construction. The company's dedication to making renewable energy accessible and affordable underscores its commitment to a more sustainable future.

News

UGE Announces Date for Q3 2023 Financial Results

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UGE International Ltd. (UGE) to release Q3 2023 financial statements on November 29, 2023. CEO and CFO to host live webinar on November 30, 2023 to review results and answer investor questions.
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UGE Announces Extension of Maturity Date Debentures

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UGE International Ltd. extends maturity date on CDN $1,446,000 of convertible debentures to October 31, 2025. Holders of extended debentures will receive interest at a rate of 7% per annum. Remaining debentures of CDN $544,000 are being repaid. The exercise price of underwriter warrants issued on August 24, 2023 is $1.35.
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UGE Achieves Commercial Operation for Community Solar Project in Norway, Maine

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UGE International Ltd. announces the completion of its 1-megawatt community solar farm in Norway, Maine, which is built on a former landfill. The project is expected to offset over 1,000 metric tons of CO2 each year and has a total fair market value of $3.6 million.
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UGE Announces Q3 2023 Milestones and Business Updates

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UGE International announces milestones and business updates for Q3 2023
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0.63%
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UGE Achieves Notice to Proceed Milestone for 3.5-Megawatt Community Solar Project in Oregon

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UGE International reaches 'Notice to Proceed' milestone for 3.5MW community solar project in Oregon
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UGE Announces Grant of Securities and Board Committee Appointments

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UGE International grants securities and makes board committee appointments
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UGE Reports Fiscal Q2 2023 Financial Results

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UGE International reports Q2 2023 financial results, achieving NTP on 2.7MW of projects and growing project backlog to 356MW. Ended Q2 with 3.8MW of operating assets generating $183.6K and $290.9K of energy revenue. Total revenue declined by 49% and 13% for the three- and six-month periods compared to 2022. Net loss for the quarter was $4.0MM. Cash balance at June 30, 2023, was $3.0MM. CEO aims to reach 100MW of operating assets. Webinar scheduled for August 25, 2023.
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UGE Announces New Chief Operating Officer, Board Appointment, and Key Leadership Hires

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UGE Achieves Notice to Proceed Milestone for 1.3MW Rooftop Community Solar Project in New York City

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UGE Announces Q2 2023 Milestones and Business Updates

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1.25%
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FAQ

What is the current stock price of UGE INTERNATIONAL (UGEIF)?

The current stock price of UGE INTERNATIONAL (UGEIF) is $1.425 as of February 7, 2025.

What is the market cap of UGE INTERNATIONAL (UGEIF)?

The market cap of UGE INTERNATIONAL (UGEIF) is approximately 49.2M.

What does UGE International Ltd. specialize in?

UGE is a leader in commercial and community solar projects, providing cleaner energy solutions to businesses.

What was the key highlight for UGE in 2023?

In 2023, UGE doubled the size of its operational portfolio and achieved a record NTP on 18.2MW of projects.

How did UGE perform in Q1 2024?

UGE ended the quarter with 5.6MW of operating assets, a 64% increase in recurring revenue over the same period of 2023.

What are UGE's goals for 2024?

UGE aims to scale its operational portfolio significantly in 2024 with approximately 20MW of projects under construction.

What sets UGE apart in the renewable energy sector?

UGE's dedication to making renewable energy accessible and affordable underscores its commitment to a more sustainable future.
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UGEIF Stock Data

49.23M
22.30M
37.08%
0.52%
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