Welcome back everyone. So in this video we’re going back to the ev supply chain
where we are seeing some big announcements which are shaping up nicely for a year ahead.
So I have 3 top penny stocks for you which are well positioned to have a good 2022.
And so you want to make sure you watch this video until the very end so you are fully
informed on these opportunities, and you get an idea of which one you want to do further due
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That said let’s get on with it with our first stop, which is iSun Inc (ISUN) currently sitting
at $5.84 with a market cap of $64m. ISUN is one of those great EV charging stocks which
have a lot going for them but sadly not being reflected in their share price or valuation.
So I feel patience is required with some of these plays
as the market begins to appreciate their intrinsic value as ISUN is sitting 60% down over the last
year and appears to have to a solid 2022 based on their latest news and forecast.
iSun Inc. was recently awarded a $29.3 Million Contract for Solar Canopy Design and Delivery
for EV Charging Stations. Isun is a leading solar energy and clean mobility infrastructure company
with 50-years of construction experience in solar, electrical services and a provider of
proprietary electric vehicle charging platforms.
They announced that they had been selected to design and deliver a total of 1,780
off-grid solar canopies to be located at EV charging stations. And this contract award which
is iSun’s largest EV Infrastructure contract to date had the following highlights include:
Estimated $29.3 million contract which increases iSun’s Commercial segment backlog from $9.6
to $38.9 million, A total of 1,780 canopies expected to be delivered to charging stations,
Anticipated initial delivery of 450 Canopies in 2022.
Their Chairman & CEO Jeffrey Peck commented that this award validates not only iSun’s innovative
solar canopy products, but also their strategy for addressing the Nation’s EV infrastructure needs.
And they are constantly striving to introduce innovations that will
elevate the EV charging experience and drive the EV industry forward.
iSun also Announced their Investment in Encore Renewable Energy.
They announced that they had reached a definitive agreement to make a strategic
minority interest equity investment in Encore Renewable Energy, a leading
innovator in community-scale clean energy and Top 20 US commercial solar developer.
The investment will accelerate the expansion of iSun’s Commercial, Industrial and Utility
businesses into new geographic markets, provide collaboration opportunities across both parties’
project pipelines. And also compliment two of the strategy's key pillars - organic growth
and organic regional growth by expanding relationships with existing Industrial and Utility
customers, and investment in companies capable of increasing project pipeline opportunities.
And putting all of these together, this is where it gets exciting for me as iSun Inc as they said
in 2022, they will begin to transition from the development of their platform to deployment,
so exactly where the rubber hits the road. They announced their 2022 Revenue Guidance
of $165 Million. They said the execution of their Strategic Plan is projected to generate
$165 million in revenue across its four segments. The Residential Division forecasts
$45 million, with average gross margins of 27%, Commercial Division forecasts $15 million,
with average gross margins of 18%. Industrial Division forecasts $55 million, with average
gross margins of 16%, Utility Division forecasts $50 million, with average gross margins of 16%.
So in summary they are forecasting 2022 revenues of $165 million across their Residential,
Commercial, Industrial and Utility segments, with an aggregate average gross margin of about 19%.
And iSun anticipates achieving these targets through a combination of organic growth,
geographic expansion, continued execution of its project backlog and consumer demand.
The growth is also fueled by increased energy demand associated with accelerating EV adoption;
to be realized through backlog conversion, organic growth,
expansion into new geographic markets. So some exciting times ahead for ISUN in 2022.
The next stop, mPhase Technologies, Inc.. (OTC: XDSL) which is now sitting at 22 cents with a
market cap of $18m. We called this one earlier in 2021 and it has had a mixed performance
responding to the market volatility given the sector it operates in, but still ended
up 65% on the year. mPhase ended the year being down from its peak of over 44cents per share
but hopefully with their latest news they would be able to go past those previous highs.
mPhase Announced a Corporate Name Change and Delivery Schedule for their EV Charging Equipment.
They announced a company-rebranding effort to reflect the expected growth of their mPower
EV/5G ecosystem. And the Company will change its name from mPhase Technologies, Inc. to mPower
Technologies, Inc. to reflect this transition. In conjunction with this new corporate name,
the Company’s stock symbol will change from XDSL to POWR,
pending FINRA approval. Their mPower business is the fastest growth engine within their company,
so this name change is necessary to reflect what will be their primary strategy for years to come.
The Company has also taken delivery of their first mPower branded charging stations
and expects to receive about 100 devices by early January.
mPhase also Reported their First Profitable Fiscal Year in their Company History.
Their reported net income in 2021 set an all-time record of $1.7 million,
compared to a loss of $14.1 million in Fiscal 2020 and they built on this by
reporting Record Fiscal 2022 First Quarter Results which ended September 30, 2021.
They said the quarter marked a return to profitability and showed improvement in
multiple financial categories as revenue grew $0.6 million or 8.4% to a record $8.2 million compared
to $7.6 million in the prior year quarter. Gross profit margin increased to 31.6%, compared
to 25.9% and Net income of $0.3 million compared to a $0.4 million net loss in the prior quarter.
So what seems to be building decent track record and consistency in growing their top and bottom
line which is what the markets like to see. But then it gets even more exciting with their
outlook where they announced the first mPower ecosystem partner sites covering 3,265 locations
in Virginia, Florida, and Illinois; They launched a rebranding
initiative, which will change the Company’s name; signed the first supply contract for
mPower-branded level 2 chargers and more.. So a really excited outlook here for mphase.
Next up to our number 3 penny stock which is Sun Pacific Holding Corp
(SNPW) currently sitting at 1.4cents per share with a market cap of $14.4m. Sun Pacific has
been on a whipsaw journey recently being very sensitive and responding positively to good news
as it is up 23% on the day on the back of a big announcement and being up 35% on the month. I
feel combining all the previous announcements 2022 could be a big year for Sun Pacific.
Sun Pacific announced that its subsidiary Sun Pacific Power is now providing Nano Solar
Panels which are classified as CIGs and the CIG’s industry market capacity is expected to
reach USD 8.5 billion by 2024. And CIGs here are solar panels made of 5 different minerals which
are Copper, Indium, Gallium, Selenium and Sulfur making a compound commonly abbreviated as CIGS.
They announced that Sun Pacific Power “NANO SOLAR” panels would offer worldwide sales and capacity
for up to 50 MW per year. With this new product line Sun Pacific will have the opportunity to
provide nano technology and building integrated solar panels that can deliver greater efficiency.
Sun Pacific also became an Authorized Distributor of FoxESS Inverter and Energy Storage Solution
Products to North America, South America and Australia. And under the new agreement,
Sun Pacific will have the opportunity to serve its growing customer base
with advanced energy management devices that can deliver greater efficiency and cost effectiveness
at a time when these considerations have never been more pressing.
FoxESS is a global leader in the development of inverter products and energy storage solutions.
And engineered by some of the world’s leading inverter and battery experts,
FoxESS products are breaking new ground in the increasingly important clean energy field.
FoxESS is part of a global conglomerate of renowned and recognized companies.
It has more than 56,000 employees and annual sales revenues in 2020 of 42.4 billion USD.
So some very very interesting and mindblowing prospects ahead for these penny stocks
but only consider getting in if the price is right for you and if you fully understand the risks.
This video is not financial advice, a buy or a sell recommendation, but is meant to bring some
new and exciting penny stocks to your attention for you to do your own research.. As always I
would love to hear from you, so please let me know your thoughts on these top penny stocks
in the comments section below and what other penny stocks are catching your eyes lately.
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Thank you so much for being here and I look forward to have you in my next video. Thank you