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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Solar Alliance Energy Inc | TSXV:SOLR | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.05 | 0.05 | 0.055 | 0.05 | 0.05 | 0.05 | 17,555 | 14:37:19 |
“Solar Alliance continued to successfully execute on our strategy as our team delivered solid revenue growth during 2022,” said CEO Myke Clark. “Our transition to larger commercial and utility projects has resulted in strong growth and a substantial backlog of projects under contract, positioning us very well for 2023 and beyond.”
“During 2022, Solar Alliance made significant investments in our team, which resulted in a strong revenue growth profile. As a direct result of our investment over the last year, we have the ability to scale significantly with our current team. We are also committed to increasing project margins and ensuring our expenses are appropriate for our contracted project pipeline, as we target to achieve profitability in the coming quarters.”
“In addition to the revenue growth achieved in 2022, we energized our two company-owned solar projects in New York – a significant strategic milestone for Solar Alliance. As we look ahead, we are currently pursuing corporate opportunities to augment our organic growth profile, in circumstances where opportunities are both strategically and economically attractive. We believe our focused strategy has created the foundation for a growing, sustainable company that offers a unique investment opportunity in the renewables sector, and we are increasingly confident in the road ahead,” concluded Clark.
Key financial highlights for 2022
Key business highlights for 2022
Myke Clark, CEO
For more information: |
Investor RelationsMyke Clark, CEO604-359-5178mclark@solaralliance.com |
About Solar Alliance Energy Inc. (www.solaralliance.com) Solar Alliance is an energy solutions provider focused on the commercial, utility and community solar sectors. Our experienced team of solar professionals reduces or eliminates customers' vulnerability to rising energy costs, offers an environmentally friendly source of electricity generation, and provides affordable, turnkey clean energy solutions. Solar Alliance’s strategy is to build, own and operate our own solar assets while also generating stable revenue through the sale and installation of solar projects to commercial and utility customers. The technical and operational synergies from this combined business model supports sustained growth across the solar project value chain from design, engineering, installation, ownership and operations/maintenance.
Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute Forward-looking statements. The words “would”, “will”, “expected” and “estimated” or other similar words and phrases are intended to identify forward-looking information. Forward-looking information in this press release include, but is not limited to the ability to scale, increasing project margins, targeting profitability and the Company offering a unique investment opportunity in the renewables sector space. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different than those expressed or implied by such forward-looking information. Such factors include but are not limited to: uncertainties related to the ability to raise sufficient capital, changes in economic conditions or financial markets, litigation, legislative or other judicial, regulatory, legislative and political competitive developments, technological or operational difficulties, the ability to maintain revenue growth, the ability to execute on the Company’s strategies, the ability to complete the Company’s current and backlog of solar projects, the ability to grow the Company’s market share, the high growth US solar industry, the ability to convert the backlog of projects into revenue, the expected timing of the construction and completion of the Company’s solar projects, the targeting of larger customers, potential corporate growth opportunities and the ability to execute on the key objectives in 2023. Consequently, actual results may vary materially from those described in the forward-looking statements.
“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
1 Year Solar Alliance Energy Chart |
1 Month Solar Alliance Energy Chart |
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