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SinglePoint, Inc. (OTCMKTS: SING) Steady Move Northbound as Solar Operator Reports Record Revenues Following Acquisition Spree

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SinglePoint, Inc. (OTCMKTS: SING) is moving steadily northbound in recent trading closing green the last 4 days in a row as the stock looks to be under accumulation. SING is an ex-Nasdaq Solar play that is looking to get back on the Nasdaq this year. The newly passed Inflation Reduction Act Bill and its generous tax credits for solar energy should bring significant tailwinds to Singlepoint and the entire solar energy sector which has been on fire recently. 

SING has seen massive growth through acquisition acquiring at least 6 new Company’s over the past year. Revenues are way up with SING recently reporting record Q2 revenues of $4.5 million, up over 890% for the comparable period in 2021. While the revenue numbers were outstanding, they do not include all the revenues from Boston Solar which they acquired in April 2022. Management is already predicting another record Q3 recently stating: “Combining with the expected orders for BOX Pure Air in Q3, we expect Q3 to be yet another major growth milestone for the Company. Our Companies are well positioned in their rapidly growing markets to accelerate the adoption of our services and meet the increased demand.”   

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SinglePoint, Inc. (OTCMKTS: SING) operating out of Phoenix, Arizona provides energy solutions and energy-efficient applications to drive better health and living. The Company currently has core subsidiaries including solar and air purification. SinglePoint built its portfolio through synergistic acquisitions, and partnerships to provide a rich, diversified holding base. The Company’s initial focus is on solar energy, and it is committed to building a foundation for future expansion opportunities and building brands based on technology solutions. Singlepoint has been on a massive acquisition spree recently acquiring 6 new subsidiaries, including EnergyWyze, BOX Pure Air, Direct Solar America, Ecodaptive, Boston Solar, and Frontline Power Solutions. Prior to that the Company acquired a 90% inrerest in Discount Indoor Garden Supply, Inc. and an 90% interest in ShieldSaver, LLC 

One of SinglePoint’s biggest business is Direct Solar, LLC; a solar brokerage company headquartered in Phoenix, Arizona that currently works with homeowners to define the solar solution for their needs in multiple cities around the United States. Their unique brokerage model is scalable nationally and currently serves approximately 11 states that can be actively serviced by its partners and providers. Direct Solar has resumed onboarding of service providers and is again expanding into additional markets as Direct Solar builds a national sales footprint.  

Singlepoint owns 51% of Box Pure Air, LLC, an emerging industry leader in high-proficiency air purification technology. Box Pure Air is a distributor of industrial grade high-efficiency air purification products designed and manufactured to improve indoor air quality. Our products are engineered and designed to exceed the national standards of indoor air quality by following CDC requirements for air ventilation utilizing HEPA certified filters and incorporating proven antimicrobial technologies. Box Pure Air sells and distributes AIRBOX™ Air Purifier product line, an industrial and commercial grade suite of products made in the United States. In a recent press release management stated: “The Company’s air purification sector is continuing to hold strong within the market, with projected revenues between $15M – $20M.  

Singlepoint subsidiary Boston Solar, is a Proud Partner of the Boston Red Sox, has installed more than 5,000 residential and commercial solar systems powering thousands of homes and businesses in New England, predominantly Massachusetts, since its founding in 2011. The company has been honored with the 2020 Guildmaster Award from GuildQuality for demonstrating exceptional customer service within the residential construction industry. For five consecutive years, the Company has been recognized as a Top Solar Contractor by Solar Power World magazine. The company has also made Boston Business Journals Largest Clean Energy Companies in Massachusetts List. Boston Solar is a member of Solar Energy Business Association of New England (SEBANE).  

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SING

In August Singlepoint reported record Q2 revenues of $4.5 million, up over 890% for the comparable period in 2021, other highlights for Q2 include: 

  • Gross profit of $1.3 million in the second quarter compared to $0.15 million for the comparable period in 2021 
  • Boston Solar is Recognized as Top Contractor for 2022 
  • BOX Pure Air is recognized as the preeminent provider of California EANS funding to improve IAQ in schools 
  • Expecting multiple school orders to improve Indoor Air Quality (IAQ) for Q3 2022 

Wil Ralston, CEO of SinglePoint, Inc., said, “We want to point out these quarterly results are not representative of the full second quarter for Boston Solar as we closed this acquisition on April 21, 2022. On a full quarter basis, we would have recognized more than $5 Million in revenue for the quarter. We expect throughput at Boston Solar to increase throughout Q3, which means more installations completed and more revenue recorded. Boston Solar has already set records for new sales throughout the quarter. Combining with the expected orders for BOX Pure Air in Q3, we expect Q3 to be yet another major growth milestone for the Company. Our Companies are well positioned in their rapidly growing markets to accelerate the adoption of our services and meet the increased demand.”   

Earlier this year Singlepoint announced its subsidiary, BOX Pure Air, is launching BPA Solutions to represent multiple lines of products designed to help create safer schools nationwide by improving indoor air quality (IAQ) and hardened and enhanced security solutions. 

The core mission of BPA Solutions is to create healthier, safer, and more productive school environments to protect the students, teachers, and staff within our nation’s public and private school systems. School-aged children spend more waking hours in school than at home. Additionally, we all spend nearly 90% of our time indoors. BPA Solutions is committed to providing products and services that meet the highest standards to create a safer indoor environment for our nation’s students as they return to school. 

BPA Solutions has executed an exclusive distribution agreement with Ballistic Barrier Products, the makers of certified bullet-resistant door shields and window shades. BPA Solutions and Ballistic Barrier have teamed up to design two new products to extend BPA Solution’s reach into school safety. 

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Currently trading at a $11 million market valuation SING has 87,618,306 shares outstanding and $2.9 million in the treasury. Singlepoint has a long history of big moves and we have written about some of them, SING biggest run was spring 2021 when it made a huge move up from current levels; SING has runner in its blood. Currently priced cheap SING has seen massive growth through acquisition acquiring at least 6 new Company’s over the past year. Revenues are way up with SING recently reporting record Q2 revenues of $4.5 million, up over 890% for the comparable period in 2021. While the revenue numbers were spectacular, they do not include all the revenues from Boston Solar which they acquired in April 2022. Management is already predicting another record Q3. SING is an ex-Nasdaq Solar play that is looking to get back on the Nasdaq this year. The newly passed Inflation Reduction Act Bill and its generous tax credits for solar energy should bring significant tailwinds to Singlepoint and the entire solar energy sector which has been on fire recently.  We will be updating on SING on a daily basis so make sure you are subscribed to microcapdaily.com so you know what is going on with SING.

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Disclosure: we hold no position in SING either long or short and we have not been compensated for this article.

Emerging Markets

Aemetis Inc. (NASDAQ: AMTX) Pioneers Renewable Fuel Market with EPA Approval

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Aemetis (NASDAQ: AMTX) shares surged 105% this week. The renewable natural gas and renewable fuels company received approval from the EPA.

Aemetis, Inc. (NASDAQ: AMTX) shares surged 105% this week. The renewable natural gas and renewable fuels company received approval from the U.S. EPA to generate renewable identification numbers (RINs) under the federal Renewable Fuel Standard. They have six dairy biogas digesters up and running, with a seventh one scheduled to start operating in June 2023.

Aemetis plans to generate multiple sources of revenue from its renewable natural gas. They will sell the gas to replace petroleum diesel in transportation, sell California Low Carbon Fuel Standard credits to fuel blenders who need to meet carbon reduction requirements in California, sell the RINs generated under the federal Renewable Fuel Standard, and benefit from production tax credits starting in 2025 under the Inflation Reduction Act.

They have completed constructing and operating six dairy digesters, a biogas pipeline spanning over 40 miles, a central facility to upgrade biogas to renewable natural gas, and a utility pipeline interconnection unit. The renewable natural gas is injected into the utility gas system and stored underground until Aemetis Biogas obtains carbon intensity (CI) pathway approvals from the California Air Resources Board (CARB) to sell credits under the California Low Carbon Fuel Standard.

They have already completed 90 days of renewable natural gas production and data collection required for the CARB approval process. While the final pathway is under review by CARB, Aemetis can use a temporary CI pathway with a value of -150, allowing them to start generating revenue in the third quarter of 2023.

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Andy Foster, the president of Aemetis Biogas Inc., expressed excitement about the approval of Aemetis Biogas for generating D3 RINs, as it marks a significant milestone towards generating full product revenue. He emphasized that the company’s investments since 2019 have directly reduced greenhouse gas pollution, improved air quality in Central Valley communities, and created jobs. Aemetis is committed to expanding their network of dairy digesters and producing more carbon-negative renewable natural gas to replace petroleum diesel.

The dairy digesters, pipeline project, and biogas-to-RNG facility funding includes grants from the California Department of Food and Agriculture and the California Energy Commission. Aemetis also closed a $25 million long-term financing deal with Greater Commercial Lending last fall, supported by a loan guarantee from the USDA. This project financing has a low fixed interest rate for the first five years and spans over 20 years.

Aemetis has plans to file applications for an additional $100 million of loans from the USDA’s REAP loan program. These funds will support the engineering, permitting, and construction of 31 more dairies. Each loan application will be limited to a maximum of $25 million and carry a 20-year repayment term.

https://twitter.com/Theweedfarmer/status/1658946668052504576?s=20

Where could Aemetis, Inc. (NASDAQ: AMTX) be in 5 years?

The company has an ambitious Five Year Plan to generate substantial revenue and reduce air and carbon pollution. The plan projects $2.0 billion in revenues, $496 million in net income, and $682 million in adjusted EBITDA by 2027, with strong compound annual growth rates. Aemetis aims to expand its operations by producing Renewable Natural Gas (RNG), Sustainable Aviation Fuel (SAF), Renewable Diesel fuel (RD), and other low-carbon products. The plan emphasizes the positive financial impact of the Inflation Reduction Act.

The plan highlights the financial benefits of the Inflation Reduction Act, which enables the transfer of tax credits and incentives related to production, projected to improve net income by $341 million in 2027.

The plan also focuses on revenue growth in all product lines, including expanding the dairy RNG business, constructing a renewable jet/diesel plant, implementing carbon sequestration, and improving energy efficiencies. 

The company has already achieved significant milestones, such as completing biogas pipeline construction, upgrading facilities for biogas-to-RNG production, and progressing in carbon sequestration and renewable jet/diesel plant development. The company has also secured a biodiesel purchase agreement in India and made strides in constructing a solar microgrid and implementing energy-efficient measures.

We will update you on AMTX when more details emerge, so make sure you are subscribed to Microcapdaily to know what’s happening in the markets!

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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.

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Emerging Markets

GSI Technology, Inc. (NASDAQ: GSIT): Pure AI Play Transforming Semiconductor Memory Solutions for Efficient AI Processing

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GSI Technology, Inc. (NASDAQ: GSIT) has witnessed a significant surge in its stock price, from $1.62 to $3.84, at the time of writing on Friday, May 12.

GSI Technology, Inc. (NASDAQ: GSIT) has witnessed a significant surge in its stock price, from $1.62 to $3.84, at the time of writing on Friday, May 12. This represents an impressive 137% increase; the volume has been off the hook. If you look at their historical chart, $GSIT had meager volume, sometimes as low as 300 shares traded in a day. If you do the math, that’s less than $500 worth of shares traded in a day – safe to say it was virtually illiquid.

So what happened, and what drove the stock to trade 50M shares with filings or news releases?

After an in-depth examination, GSI Technology, Inc. appears to have experienced a notable turning point in its market trajectory. The catalyst for this transformation was the company’s prominent feature on Fox News, triggering an exponential dissemination of information across various platforms. It is worth highlighting an intriguing phenomenon that tends to transpire in such circumstances: purchasing shares often induces a ripple effect, encouraging further buying activity.

With Fox News bringing the company into the spotlight and stimulating investor interest, a domino effect occurred among astute day traders who eagerly seized the opportunity to partake in this promising venture. Consequently, the trading volume for GSI Technology, Inc. skyrocketed to unprecedented levels, surpassing all previously recorded thresholds.

This surge in volume stands as a testament to the immense enthusiasm that enveloped the market as traders recognized the tremendous potential inherent in $GSIT. This collective enthusiasm resulted in an extraordinary demonstration of market engagement, reflecting a widespread acknowledgment of the company’s significance and the opportunities it presents.

https://twitter.com/SamanthaLaDuc/status/1657033207412293634?s=20

This development showcases the power of influential media coverage and underscores the intriguing dynamics that can arise when investor sentiment aligns with a compelling market narrative.

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Founded in 1995, GSI Technology Inc. has established itself as a prominent provider of semiconductor memory solutions. The company is focused on introducing new products that capitalize on its core strengths, which include radiation-hardened memory products for extreme environments and Gemini, an advanced processing unit (APU) designed to enhance performance in various artificial intelligence (AI) applications. Headquartered in Sunnyvale, California, GSI Technology operates sales offices in the Americas, Europe, and Asia.

GSI Technology is on the verge of reporting its earnings next week, and the company operates in the storage business, which supports the development of highly efficient AI chips. Traditionally, computing involves separate chips for storage and computation, necessitating frequent data exchange. This process incurs significant power consumption and presents scalability challenges.

To address these limitations, GSI Technology has developed a groundbreaking solution called In-memory processing. This innovation substantially reduces computation time from minutes to seconds, milliseconds, or even microseconds. Notably, it also significantly diminishes power consumption and overall cost of ownership. The key to this improvement lies in the massive parallel data processing offered by GSI’s technology, featuring two million-bit processors per chip compared to thousands found in standard graphic processing units (GPUs). Consequently, the system becomes more scalable, enabling efficient and accelerated AI processing.

By streamlining the computing process and integrating storage and computation on a single chip, GSI Technology aims to revolutionize AI processing. This approach offers notable benefits regarding power efficiency, computational speed, and scalability, making it an attractive solution for a wide range of AI applications.

In conclusion, GSI Technology, Inc. is poised to deliver innovative semiconductor memory solutions emphasizing AI chip development. The company aims to reduce computation time, power consumption, and total ownership cost through its In-memory processing technology while significantly improving scalability. With its upcoming earnings report, investors and industry observers will closely watch the company’s progress in the storage business and AI chip development.

We will update you on GSIT when more details emerge, so make sure you are subscribed to Microcapdaily to know what’s happening with GSIT.

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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.

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Emerging Markets

Chinese Nasdaq listings the next meme stock rally?

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Small and micro-cap Chinese companies listed in the U.S. are experiencing a surge in share prices, similar to the 2020 meme rallies during COVID.

Small and micro-cap Chinese companies listed in the U.S. are experiencing a surge in share prices, similar to the 2020 meme rallies during COVID. These rallies appear driven by social media sites used by individual traders and financial influencers.

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Online brokerage firm Top Financial Group $TOP stock rose by nearly 4000% from $6.90 to $250 per share, while Magic Empire Global $MEGL stock jumped over 400% to $4.56 per share. 

Both stocks are now popular among retail investors on Stocktwits, Twitter, Discord, Reddit – you name it. Two other companies, Top KingWin $TCJH and U Power $UCAR, also saw their shares rise by 130% and 105%, respectively.

Thoughts from retail traders

With $TOP and $MEGL being the talk of the town, it’s safe to say that they have gained massive popularity online. Their growth and buzz are reminiscent of $AMC and $BB during their respective rallies in previous years. Some of the largest traders with over 1M followings have these stocks on their radar.

What does the NASDAQ have to say?

The NASDAQ regulatory body has a history of caution toward these kinds of investments. In October 2022, they stopped preparations for over four other micro-cap Chinese IPOs due to short-lived rallies following their debuts. Furthermore, U.S. exchanges and FINRA have issued warnings regarding the increased likelihood of fraud, especially in the IPOs of small companies, which are often influenced by social media-driven pump-and-dump schemes like the infamous “pig butchering” tactic.

Chinese Macro backdrop

While there was a significant sell-off just two weeks ago when China implemented stricter regulations regarding generative AI systems like ChatGPT, Chinese stocks are again on the rise. This is primarily due to the positive earnings forecast of electric car giant BYD and Chinese banks, which has sparked optimism in the market. The volatility of Hong Kong stocks over the past year far surpasses the meme stock frenzy of 2021, and savvy traders who can accurately time the market and make sound exit decisions are reaping significant profits. However, this requires long hours of tracking trends and charts, and those not up for the challenge risk losing everything by the following day.

We will update our subscribers when more details emerge, so make sure you are subscribed to Microcapdaily to know what’s happening with China meme stocks.

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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.

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