Alternative Energy Recommendations

UGE International Ltd.

Sean Keaney, Eight Capital (4/6/21) "We are initiating coverage on UGE with a Buy recommendation. . .UGE is trading at a discount to its intrinsic value."

Devin Schilling, PI Financial (3/30/21) "UGE's new project adds approximately $2.3M to the company's backlog and once operational, it is expected to generate recurring revenue of $0.25M/year."

Devin Schilling, PI Financial (3/9/21) "UGE signed agreements to develop $18M in new solar projects."

Devin Schilling, PI Financial (2/22/21) "We are initiating coverage on UGE with a Buy rating...we believe the company is well positioned to benefit from the rapidly growing solar market."

Eguana Technologies Inc.

Clive Maund, CliveMaund.com (2/8/21) "EGT stock is expected to break out to the upside."

UGE International Ltd.

Clive Maund, CliveMaund.com (2/3/21) "Current light volume suggests UGE is about to start higher again."

Ahmad Shaath, Beacon Securities Ltd. (1/14/21) "We are initiating coverage on UGE with a Buy rating; UGE is on track to be an operator of more than 100 MW of capacity of U.S.-based solar assets by FY24E."

Sophic Capital (11/8/20) "With its community solar projects, UGE is unique in this industry."

Clive Maund, CliveMaund.com (10/26/20) "UGE turned higher again, spectacularly, on Oct. 23 with a 19% gain."

Clive Maund, CliveMaund.com (10/20/20) "UGE looks likely that it will take off to new highs soon."

Clive Maund, CliveMaund.com (9/28/20) "A significant UGE upleg looks set to start very soon or immediately."

Clive Maund, CliveMaund.com (9/13/20) "UGE is well placed to enter a major bull market."

Clive Maund, CliveMaund.com (8/25/20) "UGE stock is already turning up and is well placed to advance."

Clive Maund, CliveMaund.com (7/5/20) "A new bull market is beginning in UGE's stock."

Clive Maund, CliveMaund.com (2/17/19) "Everything is in place for a UGE upside breakout to occur imminently."

Keith Kohl, Pure Energy Trader (2/14/19) "UGE has signed its largest contract to date in the Philippines."

Eguana Technologies Inc.

Alex Koyfman, Penny Stock Millionaire (1/11/19) "EGT partnered to bring energy storage to Georgia and South Carolina."

Smartcool Systems Inc.

Ron Struthers, Struthers Resource Stock Report (1/10/19) "Q4/18 sales of CA$2.4M-plus is the highest achieved in SSC's history."

Alex Koyfman, Penny Stock Millionaire (11/23/18) "Three installations of SSC technology exceeded customers' criteria."

MoneyTalks (11/5/18) "Our favorite pick is SSC; we suggest you put it on your watch list."

Greenbriar Capital Corp.

Jeff Siegel, Green Chip Stocks (9/11/18) "GRB will start commercial operations with Title Security of Arizona on Oct. 5, 2018."

Jeff Siegel, Green Chip Ventures (8/8/18) "GRB takes shareholder value far more seriously than most."

Smartcool Systems Inc.

Alex Koyfman, Penny Stock Millionaire (8/3/18) "SSC's ECOHome was added to Making it Right Holmes' approved products."

UGE International Ltd.

Pardeep Sangha, Haywood Securities (7/23/18) "We continue to believe UGE is undervalued."

Mineworx Technologies Ltd.

Tormont50 (6/28/18) "Testing of MWX's e-waste processing plant is well past halfway done."

UGE International Ltd.

Pardeep Sangha, Haywood Securities (6/6/18) "UGE continues to expand in the underserved commercial solar market."

Eguana Technologies Inc.

Alex Koyfman, Penny Stock Millionaire (6/1/18) "The potential of EGT, with the shares at a historic bargain, is great."

UGE International Ltd.

Pardeep Sangha, Haywood Securities (5/16/18) "UGE reported strong Q1/18 results with revenue beating our estimate."

Greenbriar Capital Corp.

Ron Struthers, Playstocks.net (4/11/18) "GRB's Montalva solar project does not require government funding."

Jeff Siegel, Green Chip Ventures (1/19/18) "GRB is in position for a timely approval process for a project needed to rebuild the infrastructure on the island and add the essential renewable energy generation it so badly needs."

UGE International Ltd.

Keith Kohl, Pure Energy Trader (12/22/17) "UGE has been awarded contracts with a combined value of +CA$3M."

Keith Kohl, Pure Energy Trader (12/8/17) "UGE announced a host of new projects."

Renewable Energy Group Inc.

Craig Irwin, ROTH Capital Partners (5/6/16) "REG-Geismar profitability should continue ramping into YE2016 as REGI tightens commercial relationships; we reiterate our Buy rating."

Craig Irwin, ROTH Capital Partners (4/22/16) "We expect REGI to report healthy Q1/16 results."

Jefferson Research (2/5/16) "REGI is showing strong cash flow quality."

Anthony Hulen, Renewable Energy Group Inc. (2/3/16) "REGI agreed to acquire Sanimax's biodiesel refinery in Wisconsin."

Renewable Energy Group Inc.

Brett Wong, Piper Jaffray & Co. (1/15/16) "REGI is well positioned as the largest and lowest-cost producer."

Craig Irwin, ROTH Capital Partners (1/12/16) "The implied 2016E equity value of REGI is roughly $200M."

Craig Irwin, ROTH Capital Partners (12/16/15) "The omnibus bill that moved forward is a material positive for REGI."

Craig Irwin, ROTH Capital Partners (11/4/15) "Our 2016 EBITDA estimate for REGI is $105M."

The Energy Report Interview with Brett Wong (10/6/15) "REGI could be the biggest winner within the nonintegrated biodiesel providers."

Craig Irwin, ROTH Capital Partners (9/14/15) "Our meeting with management affirmed our view that REGI is well positioned."

Craig Irwin, ROTH Capital Partners (8/5/15) "REGI made progress on several accretive initiatives during Q2/15."

Craig Irwin, ROTH Capital Partners (7/22/15) "The Senate's changes to the biodiesel blenders credit could support a material uplift to REGI's profitability."

Craig Irwin, ROTH Capital Partners (6/1/15) "Higher biodiesel production and RIN prices support an improving outlook for REGI."

John Quealy, Canaccord Genuity (6/1/15) "We expect REGI to benefit from the prospect of biodiesel volume clarity."

Brett Wong, Piper Jaffray & Co. (5/31/15) "We are upgrading shares of REGI from Neutral to Overweight."

Craig Irwin, ROTH Capital Partners (5/27/15) "We expect positive growth in biodiesel RVOs to serve as a significant catalyst for REGI."

John Quealy, Canaccord Genuity (5/6/15) "REGI's balance sheet remains very strong."

Renewable Energy Group Inc.

Craig Irwin, ROTH Capital Partners (5/6/15) "REGI reported impressive cash flows, with the cash balance increasing by $136M in the quarter."

Katja Jancic, Sidoti & Company (5/6/15) "Despite the challenging environment, REGI was able to achieve over 5% YOY revenue growth."

Strategic Environmental & Energy Resources Inc.

The Energy Report Interview with JinMing Liu (10/29/14) "SENR uses pyrolysis and plasma technology to reduce the volume of the waste from different industries."

Energous Corp.

Michael Fitzsimmons, Seeking Alpha (9/17/14) "After a strong IPO, WATT stands to benefit tremendously from the growing wireless charging market."

Alter NRG Corp.

Mike Niehuser, Scarsdale Equities (8/19/14) "NRG's project pipeline is both diverse and maturing."

Matt Koranda, ROTH Capital Partners (8/19/14) "NRG's potential successful startup of TV1 provides benefits."

MacMurray Whale, Cormark Securities (7/15/14) "We are initiating coverage on NRG with a Buy recommendation."

Mike Niehuser, Scarsdale Equities (6/13/14) "We are resuming coverage on NRG with a Buy rating."

Zacks Investment Research (3/20/14) "NRG looks well positioned for a solid gain."

Matt Koranda, ROTH Capital Partners (3/17/14) "Recent orders from Air Products and GreenWorld Energy Solutions demonstrate the strength of ANRG's plasma gasification offerings."

Acorn Energy Inc.

William Bremer, Maxim Group (11/9/12) "We recommend that investors with long-term horizons purchase shares of ACFN."

Ram Power Corp.

John McIlveen, Jacob Securities Inc. (11/17/11) "RPG's Casita has a high probability of being a commercial resource."

Jeremy Mersereau, National Bank Financial (11/16/11) "RPG can get to cash-flow positive operations without further need of equity."

MacMurray Whale, Cormark Securities (10/27/11) "RPG announced successful drill results at San Jacinto and Casita."

MacMurray Whale, Cormark Securities (9/16/11) "RPG's positive flow tests should give investors confidence."

Jeremy Mersereau, National Bank Financial (9/15/11) "RPG has significant risk reduction with its debt draw."

Justin Kuepper, OTC Investor (8/18/11) "Ormat's promising developments have also boosted hopes for RPG."

Alternative Earth Resources Inc.

Justin Kuepper, OTC Investor (8/18/11) "Those looking for a deep-value play with a little more risk may want to see NGP."

Ram Power Corp.

MacMurray Whale, Cormark Securities (8/15/11) "RPG is undervalued; we maintain our Buy recommendation."

The Energy Report Interview with John McIlveen (8/9/11) "RPG will have a large movement upon well certification by GeothermEx."

Reservoir Capital Corp.

The Gold Report Interview with Byron King (7/12/11) "REO has a strong copper-gold development future."

Ram Power Corp.

The Energy Report Interview with Marin Katusa (7/5/11) "RPG is headed in the right direction."

Alternative Earth Resources Inc.

The Energy Report Interview with Marin Katusa (7/5/11) "NGP built the largest U.S. geothermal plant in the last decade."

Green Technology Investments (6/20/11) "Assets purchase bulks up NGP's already formidable portfolio."

Ram Power Corp.

Sean Peasgood, Sophic Capital (6/15/11) "RPG's equity raise alleviates financing pressures."

Alternative Earth Resources Inc.

Justin Kuepper, OTC Investor (6/8/11) "Record revenues and output for NGP in fiscal Q3; revenues up 110% YOY."

Jared Alexander, Canaccord Genuity (5/20/11) "NGP produced some of the best performance we have seen to date."

Justin Kuepper, OTC Investor (4/27/11) "five major geothermal properties well positioned in geo hotspots"

Ram Power Corp.

Canaccord Genuity's Morning Coffee (4/26/11) "rallies on successful drilling completion, test results from two wells"

Steven Li, Raymond James (4/25/11) "the range of additional resources at San Jacinto is now 16 MW to 25 MW"

Jeremy Mersereau, National Bank Financial (4/25/11) "San Jacinto-Tizate results increased production capacity"