PeckPeck Co. Holdings Inc. (NASDAQ: PECK) is a solar energy contractor that engages in solar construction, engineering, and procurement. It was formed in 1972 as a conventional electrical contractor, before focusing its operation on solar power in recent years.

Financially, Peck is growing in strength. In its last reported quarter, revenue was $11.7 million, a massive 194% increase over the previous year. In the first nine months of last year, revenue was $21.9 million, and there’s still an order backlog of $16 million that will be realized before the end of 2020. This suggests a strong earnings upside.

This stock hasn’t had a lot of visibility in the alternative market, which is one of the reasons why it is underperforming today. However, analysts are optimistic that investors will identify the value in this pick, and increased activity will help to push the stock price upwards. For investors that buy today, this could translate to significant gains.

The alternative energy market is exciting, especially in the solar space. Solar energy is becoming more viable for homes and businesses of all sizes. Peck is well-established and ready to serve its niche, and it has enough cash balance to sustain its operation over the next 12 months and beyond. If the earnings upside eventuates, this will be an important stock in the alternative market. At its price today, it could be worth taking a risk with a minor holding.

Key Data:

  • 1 Year Price Growth: -66.40%
  • YTD Price Growth: 48%
  • 3 Month Price Growth: -10.16%

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.