Envision Solar a Bargain Energy Stock

EnvisionMany of the most promising energy stocks have exploded in the market rally this year, with some reaching prices that are slightly out of the comfort zone of bargain minded investors. Of course, there are still promising stocks to be found in the sub-$10 market. Envision Solar International Inc. (NASDAQ: EVSI) is one of them.

Envision develops solar generation products used for commercial and residential supply, disaster preparedness, and electric vehicle charging. Envision is so far the only solar energy company to provide a complete turnkey solution from feasibility/financing, all the way to installation. This gives it a unique position in the market that it will be able to leverage in the coming years.

One of the company’s key products is the Solar Tree; a shade structure that generates its own electricity. A single structure can generate power for up to 700 electric vehicle miles, or six residential properties every day.

Some large supply contracts led to a huge surge in revenue in the 2018 fiscal year. Revenue hit $6.16 million, a record for the company, and an increase of 336.42% year over year. The challenge for the company is to maintain its strong revenue performance while also increasing profitability.

Solar energy is set to be one of the cornerstone sources of residential and commercial electricity in the near future. Investors who want a stake in the renewable energy market will find Envision to be a promising option, especially at today’s reduced price.

Key Data:

  • 1 Year Price Growth: -67.6%
  • YTD Price Growth: -45.16%
  • 3 Month Price Growth: -47.58%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.