ABCO Energy, Inc. (PINK: ABCE) is heating up and moving northbound in recent trading quickly attracting legions of new shareholders and emerging as volume leader on the OTCQB. While the stock trades for double zeroes it has topped over 1 billion shares traded in a day and is among the most actively discussed stocks in small caps.
Management has been working hard behind the scenes beefing up the BOD and recently filing a 10k and a 10Q with the intention to up list to OTCQB. Abco has reported $522,000 in revenues for the 6 months ended June 30, 2020 and has at least $200,000 in active government contracts from the US Department of Homeland Security (US Customs &. Border Patrol) and the U.S. Department of Agriculture U.S.D.A.
ABCO Energy, Inc. (PINK: ABCE) with executive offices in Tuscon, Arizona operates out of its subsidiaries including ABCO Solar, Inc., Alternative Energy Finance Corporation, (AEFC), Alternative Energy Finance Corp, Alternative Energy Solar Fund #1 and ABCO Air Conditioning Services, Inc., The Company is in the Photo Voltaic (PV) solar systems industry, the LED and energy efficient lighting business, is a dealer for a solar powered air conditioning system (HVAC) and is an electrical product and services supplier. Abco plans to build out a network of operations, through internal growth and acquisitions, in major cities in the USA to establish a national base of PV suppliers, lighting suppliers, HVAC and electrical service operations centers. This combination of services, solar PV, solar AC Systems, lighting and electric, provides the Company with a solid base in the electrical services business and a solid base in the growth markets of solar PV industry and the LED lighting industry.
Abco also sells and installs Solar Photovoltaic electric systems that allow the customer to produce their own power on their residence or business property. These products are installed by its crews and are purchased from both USA and offshore manufacturers. The Company has available and utilize many suppliers of US manufactured solar products from such companies as Mia Soleil, Canadian Solar, Boviet, Westinghouse Solar and various Korean, German and Chinese suppliers. In addition, Abco purchases from several local and regional distributors whose products are readily available and selected for markets and price. ABCO offers solar leasing and long term financing programs from Service Finance Corporation, Green Sky, AEFC and others that are offered to ABCO customers and other marketing and installation organizations. Abco also sells and installs energy efficient lighting products, solar powered street lights and lighting accessories. The Company contracts directly with manufacturers to purchase its lighting products which are sold to residential and commercial customers.
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Abco has Arizona statewide approval as a registered electrical services and solar products installer and as an air conditioning and refrigeration installer. The Company’s license is ROC 258378 electrical and ROC 323162 HVAC and it is fully licensed to offer commercial and residential electrical services, HVAC and solar. The ABCO subsidiary, Alternative Energy Finance Corporation, (AEFC) a Wyoming Company provides funding for leases of photovoltaic systems. AEFC financed its owned leases from its own cash and now arranges financing with funds provided by other lessors.
The last press release from Abco came in April of this year when the Company reported a new contract with a Phoenix Arizona Commercial multi-owner office building for $913,000 consisting of approximately $310,000 of solar equipment, $318,000 of HVAC equipment, an LED lighting retrofit for approximately $70,000 and various other equipment installations totaling $215,000. The project is expected to save the condo owners association customer approximately $3,631,000 over the next 25 years. It is the goal of ABCO Energy to provide the most efficient and cost-effective program for its customers.
— Auggie (@AUGGIE20010) September 30, 2020
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Currently on the move and running northbound ABCE is an exciting story developing in small caps; Management has been working hard behind the scenes beefing up the BOD and recently filing a 10k and a 10Q with the intention to up list to OTCQB. Abco has reported $522,000 in revenues for the 6 months ended June 30, 2020 and has at least $200,000 in active government GSA contracts from the US Department of Homeland Security (US Customs &. Border Patrol) and the U.S. Department of Agriculture U.S.D.A. While the stock trades for double zeroes it has topped over 1 billion shares traded in a day and is among the most actively discussed stocks in small caps. We will be updating on ABCE when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with ABCE.
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Disclosure: we hold no position in ABCE either long or short and we have not been compensated for this article.