VivoPower International PLC (NASDAQ: VVPR) is a growing solar energy solutions provider based in the United Kingdom. The company operates in all markets, including North America. It owns minority stakes in two major solar plants in North Carolina.
The company generates recurring revenue from solar power projects that it develops and manages in-house. It has minority holdings in utility-scale power plants around the world. It also offers financing and consulting services for other solar developers. It has consistently grown its revenue in the last three years, and the rate of growth is increasing. In 2018, VivoPower increased revenue by 4.33%. In the company 2019 fiscal year, revenue was up 16.02%.
Solar is gradually becoming a mainstream energy source, thanks to an international push for clean and sustainable electricity. Photovoltaic solar systems are becoming more common for residential, commercial, and grid scale installations. In the first quarter of 2019, total solar installations in the U.S. increased by 2.7 gigawatts, enough to power 12.7 million homes. This was a 10% year over year increase in sector activity.
VivoPower is still a relatively small solar company with annual revenue just above $39 million. However, it has a large technology portfolio and extensive experience in project development. It’s a highly affordable stock and a strong long-term bet for alternative investors.
- 1 Year Price Growth: -13.46%
- YTD Price Growth: 30%
- 3 Month Price Growth: 37%
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.