EPC

Duckfacethrilla

Yikes, seems like you’ve already had enough of the EPC Kool Aid! When Durbin passed, the banks said free checking accounts would disappear, along with debit rewards. I still have a free checking account, and I also have debit rewards with a bank that is covered by Durbin and would be covered by CCCA. [Southwest](https://www.southwestdebit.com/) and [United](https://www.united.com/en/us/fly/products/united-debit-card.html) also just announced their own debit card rewards programs. A literal Google search would show that debit card rewards programs [still very much exist](https://www.stash.com/learn/debit-card-rewards/#9-best-debit-cards-for-rewards-in-2025). Indeed you are right, routing over more cost-effective (and more secure) networks would cause [one of the most profitable industries in the U.S. economy](https://www.venasolutions.com/blog/average-profit-margin-by-industry) to make slightly less on interchange because they would have to compete with other independent networks to process payments. But forcing V/MA to compete with other networks would not eliminate banks’ rewards programs – in 2022, U.S. banks paid out [$41.1 billion](https://files.consumerfinance.gov/f/documents/cfpb_consumer-credit-card-market-report_2023.pdf) in credit card rewards but collected [$125 billion](https://files.consumerfinance.gov/f/documents/cfpb_consumer-credit-card-market-report_2023.pdf) in credit card interest and fees from consumers as well as [$160 billion](https://www.congress.gov/crs-product/R48216) in swipe fees from merchants. In 2024, the Nilson Report stated that FIs collected over $187 billion in interchange fees... seems to me there's a bit of wiggle room there. You also have identified the most significant problem with the broken U.S. payments system and why it needs reform – as you note, V and MA "set" (AKA centrally price-fix) interchange fees on behalf of the hundreds of banks that issues their cards, meaning that the interchange fees issuers charge are completely insulated from competitive market forces. This is why we have some of the highest interchange rates in the world. Europe, Canada and Australia have all capped interchange fees to a fraction of what we pay (and still have rewards to boot), but as a reminder, the CCCA would NOT cap anyone's fees :) Finally, CCCA allows the covered card issuer to choose the alternative card network they put onto the card, of which there are about a dozen (“Joe’s network or whatever” is not one – notable examples include Star, NYCE and Shazam). According to the Federal Reserve, these independent, PIN-based (or single message) networks have [far less fraud](https://www.kansascityfed.org/research/payments-system-research-briefings/card-not-present-fraud-rates-in-the-united-states-after-the-migration-to-chip-cards/) than V/MA (or dual message) debit transactions. And, when Durbin passed, it was the first time that real security innovations were introduced into the U.S. debit market – for instance, Europe (where V/MA definitely operate) [transitioned to EMV cards](https://www.bankinfosecurity.com/advice-for-us-how-to-speed-emv-rollout-a-8552) long before the U.S. This is because V/MA as dominant market forces in the U.S. had no incentive to provide greater security measures until they were forced to compete under Durbin. Capitalism and competition is supposed to breed innovation, right?? Hopefully some of these receipts help shed a bit of light on how the U.S. payments system actually works for you!

AvailableTurnover933

Just to clarify on the dilution aspect In early 2025, they did a **private placement**, converting a loan into **2,702,703 new shares** (\~5% dilution from that event alone) I got closer to **15–20% per year** on average (not the ultra-high >50% that some microcaps do, but definitely not zero either). But note this is based on **reported issuance events** (IPO + private placement) - not automatic periodic dilution. **IPO launched February, 2024** so of course they cant dilute shares between 2020-2023 haha. However, they only dilute when capital is needed which is common for small-cap stocks. Also These large EPC contracts require working capital - possibly leading to **further share dilution or financing** if operating cash flow isn’t yet strong. Furthermore, SolarMax secured a **\~$127.3 million EPC contract** for a **430 MWh battery storage project in Pecos County, Texas**. This was announced around **August 2025** and marked a major entry into utility-scale storage in Texas. It is expected to be completed **June 30, 2026**. Some information about their product: * SolarMax has been **installing solar since 2008** and has done *thousands of installations.* * It has a **local manufacturing facility** in Riverside, CA, for some panels — which is rare for U.S. installers. * They rank among **a handful of U.S. solar companies with high reliability claims** (though independent verification varies). Historically, SolarMax was more focused on: **residential & commercial installations + small battery backup systems.** But recently, the company has pivoted to: Massive utility-scale battery storage projects you mentioned. These aren’t *typical “products” sold off the shelf* \- they’re *large, customized infrastructure builds* SolarMax executes as the main contractor (EPC) They are *not just a panel maker* \- they operate as an **integrated solar services company**, and recent contracts reflect a shift toward **large, bespoke battery storage infrastructure** business rather than relying solely on small system sales. Do your on dd but I don't find myself in the nuclear sector (requires way too high execution) and I'm not sure of the hype behind it. Solar panels are quick and effective, and environmentally friendly they have YEARS of experience in the field so I see a good chance of them pulling it off. CEO David Hsu is experienced and rather credible - especially for a niche renewable firm - but not a transformational energy industry titan. His leadership is solid for growth, though success at massive utility-scale projects (vs residential installs) will test the team’s capacity. To be honest, long term they have a lot of potential, thank you for pointing this gem out.

TradeIdeasFlow

I ran this through my scoring model because the "$400M contract vs. $40M market cap" headline is usually a trap. After digging into the press releases and financials, here's the reality check: **Why the market faded the pop:** **1. Contract Structure Risk** These are **EPC (Engineering, Procurement, Construction) contracts**, not product sales. The revenue recognition is milestone-based over \~2 years (through 2027 per the PR). The $416M headline is the *maximum gross contract value*, but the company's actual margin on EPC work is extremely thin. In Q3 2025, they recognized $24.1M in revenue from a similar Texas BESS project but generated almost **zero gross profit** due to EPC accounting treatment. The CEO explicitly said: *"the $24.1M we recognized in Q3 did not generate significant gross profit due to the accounting treatment for this EPC industrial project."*​ Translation: Revenue ≠ Profit. The market knows this. **2. The Balance Sheet Problem** As of Sept 30, 2025:​ * **Cash:** $5.7M * **Working Capital Deficit:** \-$15.4M * **Stockholders' Equity:** \-$11.8M (yes, negative) * **Debt Due in 12 Months:** $16.5M To fulfill $400M+ in EPC work, they need **massive upfront capital** for battery modules, labor, and site infrastructure. They don't have it. The company itself disclosed: *"substantial doubt about the Company's ability to meet its obligations"* and is seeking to restructure $16.5M in debt.​ **3. Dilution is Coming** They raised $2.9M via stock sales in H1 2025 and have been consistently diluting (\~10% annually, but accelerating). To bridge the financing gap for these contracts, they will almost certainly issue more equity at depressed prices, crushing existing shareholders.​ **The "Asian CEO" Thing is a Red Herring** The real risk isn't fraud - it's **execution + financing**. This is a barely-solvent microcap trying to punch above its weight class. If they miss milestones, face cost overruns, or fail to refinance debt, equity holders get wiped out. **Bottom Line:** The contracts are real, but the *profitability* and *financing path* are not. The market spiked on the headline, then sold when analysts read the 10-Q and realized the company is burning cash faster than it can generate margin from these projects. Not saying it can't work - if they execute flawlessly and secure favorable financing, this could 5x. But the base case is dilution, not appreciation. **TL;DR:** High revenue ≠ High profit. Check their Q3 10-Q filing—they're revenue-rich but cash-poor, which is why the stock retraced.

TrashPanda_924

Sure. Keep I mind, I’m not referring to trading; this is longer term investing. I normally start with trends: demographic, economic, cultural, or national. Here’s an example: One trend is the increase in AI and data centers. I then look at where those are being built. You need incredible amounts of electricity to power them; this is something in short supply right now. From there, I might evaluate what company are the primary beneficiaries, both directly (the power company) or indirectly (EPC company or equipment manufacturers). Once I have a basket of companies, I look at valuations and how they compare historically and within the cycle. Then it’s a waiting game. It takes a lot of work to get good at identifying both trends and opportunities. You just have to step back and look at the bigger picture.

HV_Commissioning

Can confirm. Open AI/Oracle site will have 3 different Quanta companies involved with an EPC deal.

AICHEngineer

Nobody? I work for an EPC that has orders booked through the end of the decade for building new natural gas combined cycle power plants. We are talking about and money is where the mouths are.

AICHEngineer

Lol yeah I know, I work for a HRSG EPC company right now, we have hundreds of millions in orders booked out for years because theres so much demand for natural gas, lots of baseload demand way less peakers than in the past. From an investment perspective, having clear well forecasted future profits means you wont get a high return. It will have a *low* discount rate on future cashflows because the future outcome is more certain.

Rare-ish_Birb

Fwiw, some of the top consumer products companies like PG, CLX, ENR, EPC, CHD all had crap earnings because consumers are cutting back and buying cheaper laundry detergent. CHD is the worse of them, with very weak brands, and trades at close to 30 PE. Yes. Will be buying poots.

salty0waldo

The division mentioned is Westinghouse, OEM reactor company. That name held a ton of weight back in the day. They are engineering EPC and service company to summarize it. They own IP of their designs. Many of the active PWRs are Westinghouse designs. They don’t own or operate the facility. They design and build the reactors and auxiliary systems. Usually the turbines are GE products, but now I’d have to refresh what was installed at Vogtle.

Blow_Up_Your_TV

Given that the only other AP1000 reactors built in the US this century were $17 billion over budget (and were being developed by Georgia Power, an experienced company with a track record), that is certainly the big one. Natural gas and solar and still not easy to build though, not on the scale they would need to come anywhere near justifying a \~$17B valuation. Feel free to correct me if I'm wrong, but I have not seen any evidence of environmental permitting being complete, anchor tenant commitments (likely a prerequisite for a construction loan), any serious design or engineering work having started, or any negotiations with an EPC contractor to actually build.

salty0waldo

Westinghouse and the US government announced an $80b collaboration to build nuclear reactors. Westinghouse is jointly owned by Brookfield (51%) and Cameco (49%). Westinghouse is OEM reactor EPC with PWR AP1000 design recently used at Vogtle.

GlorifiedPlumber

Chemical engineer with EPC here... Unobtanium 237 is what we always liked to say was the preferred metallurgy for what we needed to build the thing out of if it was going to be super expensive. I DO have the luxury of having specced out a (admittedly small) heat exchanger with tantalum actually! Not many process engineers have gotten to do that. That's about as exotic as a metal as I have done in my career. Inconel and Hastelloy are... pedestrian now. This was a ~72% sulfuric acid ~8% peroxide mix that was a waste product of semiconductor processing commonly called "Piranha Etch" or "Piranha Solution". Client didn't want to pay to cool it at the tools like what most people do, so they wanted a solution to cool it at the lift tank, and it involved a recirculating slip stream exchanging with a secondary chilled water loop to protect the chilled water system from a leak into it. But, we needed a HX material that would work, and we looked into tantalum coated plate and frames and silicon carbide tubed HX. The tantalum coated plates were COMPLETELY reasonable all things considered.

bs_123

Love to see this. One time I wrote a whole 3 page reason on Wallstreetbets and when I went to post it was immediately rejected by admins. Not sure why. NEXT happens to be in a space im very familiar with. Ive been working on oil and gas projects for years as an engineer, and most recently LNG projects. I watched workers get paid out huge sums of money at Cheniere as their first trains came online. I was actually recently offered an on staff engineering job at Nextdecade, but i couldn't get my family to agree to move to Brownsville unfortunately. Next is being built by Bechtel, a very solid EPC with discipline in controlling costs and project delivery. They have a reputation of being very capable and solid in the industry. They maybe getting stretched a little thin with the 2 major LNG projects they're building but they're the largest American EPC and dominating right now. I know the Nextdecade commissioning manager and operations staff. They've got a really solid good team of people unlike other projects ive seen that suffer from bad leadership. The opportunity to invest in Cheniere was a 5 year 2x if you invested around the time NEXT is currently at in their development (a year or 2 away from a cargo). But it was already at a market cap of 20 billion. NEXT is less than 2 billion with an easy doubling from here as soon as a drop of LNG comes out of that plant in 2026/2027, and the potential to go up to half of Chenieres pre LNG valuation at the least of 10 billion. I know of no other stock where that's a mid to high likelihood. Ive invested quite a bit and will continue to accumulate.

Wayne_Kurr_1

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=W_EPC0_SAX_YCUOK_MBBL&f=W it was because of this place if i remember correctly, they started storing oil on tankers and shit cause nobody could take delivery haha hahaha

Kachowxboxdad

Here’s what AI says: What might be missing Here are some key angles the Reddit post downplays or skips: 1. SMR stake liquidity / control • FLR’s SMR stake is illiquid. They can’t just mark-to-market $5B and sell it tomorrow. • Selling large chunks would crush SMR’s thin float. 2. SMR’s financial health • NuScale has had funding gaps and customer/project execution risk. Even with DOE support, commercialization remains uncertain. • If NuScale burns cash or equity raises dilute further, FLR’s stake value could erode. 3. FLR’s own execution risks • Yes, $16B in revenue, but Fluor’s EPC (engineering/procurement/construction) business is cyclical, with tight margins and exposure to project overruns (a historic issue for Fluor). • The “legacy engineering business for free” argument only works if you assume normalized profits and not low-margin, volatile projects. 4. Accounting vs. real value • A large chunk of FLR’s reported 2025 earnings came from “marks” on the SMR position — i.e., paper gains, not cash. • If SMR stock falls, FLR’s GAAP earnings could swing negative quickly. 5. B-share dilution • The poster is correct that dilution is coming — when B shares convert, the effective SMR per-share value will drop. • So, the “FLR owns half of SMR worth $5B” headline number is not the same as realizing $5B in shareholder value.

nomadichedgehog

Hey OP. One thing that’s been nagging me is the mismatch between Qumulus’ public claims and their apparent employee footprint. LinkedIn shows \~25 people, many of whom are investors/finance rather than engineers. If they’re truly running/expanding AI-optimised HPC data centres in multiple states, you’d normally expect a lot more in-house technical and operations staff. That said, there is evidence they’re a *real* operator. They have their own ASN (AS11504) with upstreams, an Atlanta HQ, and are clearly live on the network side. The gap could mean they’re running a very asset-light model (outsourcing EPC, colocation, and power builds) or they’re operating via separate developer/property LLCs. You mentioned you’ve found permits. Would you be able to share links or docket numbers? I’ve seen big rezoning/permit activity in GA and OK recently, but nothing directly naming Qumulus/QAI Moon LLC yet, so if you’ve tied those together it’d strengthen the picture a lot.

salty0waldo

I like Cameco. They operate with three business models of uranium mining, fuel services (enrichment) and then EPC/support for commissioned reactors via 49% ownership of Westinghouse. Had a great quarter, raised guidance, but has been beaten down last couple days. It has had a monster run up though.

DWmain12

Take a look at MTZ, similar dynamics as PWR an emerging player in the EPC field but there are historical M&A integration issues (although i would argue largely have been solved) that led to a 8 turns NTM EVEBITDA discount. Nonetheless, PWR do have a more comprehensive offering and recognition in the renewables and T&D segment with their acquisition of Blattner and having built out almost 75% of all 765kV lines in the US. For MTZ, apart from the standard renewables pull forward given better than expected OBBB and the whole power shortage theme, Midstream O&G buildouts from Kinder Morgan etc is likely another catalyst given their competitive advantage in this field. Delivered record backlogs in 1Q, improving margins. Would argue a re-rating is coming if the next earnings can deliver on 31st July.

_hiddenscout

Some cool $NXT news: [https://www.stocktitan.net/news/NXT/nextracker-selected-for-landmark-european-solar-power-nl96d6y7alfq.html](https://www.stocktitan.net/news/NXT/nextracker-selected-for-landmark-european-solar-power-nl96d6y7alfq.html) >Nextracker (Nasdaq: NXT), a global leader in advanced solar energy solutions, today announced that its NX Horizon™ solar trackers will power one of Europe’s largest solar projects, the 550 MW “Oricheio PPC Ptolemaida” solar PV park in Western Macedonia. Owned by Greek PPC Renewables (PPCR), a wholly owned subsidiary of utility PPC Group, the project was constructed by engineering procurement and construction (EPC) company Terna SA by repurposing the land of a former coal mine with high-performance solar energy infrastructure to generate clean, lower-cost electricity. Now in its final stage of construction, Oricheio PPC Ptolemaida is the largest single solar power project in Greece and is estimated to provide nearly 1.8% of the country’s electricity per year when fully operational. >Large-scale solar projects play a key role in advancing Europe’s drive to energy independence and net-zero carbon goals by 2050. This project represents a significant milestone, adding clean power generation capacity to the grid and bringing new economic development benefits to the region. According to Greece’s revised National Energy and Climate Plan (NECP), the country aims to reach a target of 82% renewable energy in its electricity generation by 2030, a significant increase from the previous target of 66% set in 2019. >The 550 MW Oricheio PPC Ptolemaida solar project is an important step to increase energy independence in Europe and derisk capacity shortages for the region,” said Howard Wenger, president, Nextracker. “We are honored to partner with leaders like Terna SA and Greece’s utility PPC who are operating at the highest European standards for executing large-scale utility solar projects. This landmark project reinforces our culture of serving our customers with world class technology, backed by our talented European team and a robust supply chain ecosystem.”

Ghostrabbit1

Company Update Thursday, 27 February 2025 09:00 AM LOS ANGELES, CA / ACCESS Newswire  / February 27, 2025 / Clean Vision Corporation (OCTQB:CLNV) ("Clean Vision" or the "Company"), an emerging leader in innovative plastic recycling and clean fuel development, is proud to announce that its wholly-owned subsidiary, Clean-Seas West Virginia, (CSWV) has commenced of construction on its innovative Plastic Conversion Network (PCN) project in Belle, West Virginia. This facility will play a crucial role in addressing plastic waste while generating sustainable fuel solutions. The project will initially process 50 tons of plastic feedstock per day, in the renovated 60,000-square-foot facility, with plans to scale operations over time. On site, crews this week started upgrading core infrastructure including power, water, drainage, and environmental health and safety systems, configuring the facility to accommodate pyrolysis reactors and pre-processing equipment essential for producing plastic pyrolysis oil. Off site, vendors are fabricating the reactors, pipes, controls and other ancillary systems and equipment for on-site installation in the coming months. This initiative is made possible with support from the State of West Virginia and UPS Industrial Services, LLC, which serves as the engineering, procurement, and construction (EPC) partner for the project. "Today marks a major milestone in the growth of our company," said Dan Bates, CEO of Clean Vision Corporation. "Breaking ground on the West Virginia facility has been highly anticipated, and we are eager to see this project come to fruition. This progress should be exciting not only for our shareholders and supporters but also for the new employees we will be bringing on in West Virginia." The facility is expected to begin operations in August 2025, advancing Clean-Seas' mission of delivering sustainable clean fuel solutions while contributing to local job creation and economic development. About UPS Industrial Services: UPS Industrial Services is a premier provider of engineering, procurement, and construction services, renowned for delivering high-quality, cost-effective solutions for industrial projects globally. With a strong commitment to safety and excellence, UPS Industrial Services Services is a trusted partner for complex, large-scale initiatives. For more information,

AICHEngineer

Steel and aluminum make perfect sense. I work as an engineer at an EPC and steel is way fucking cheaper in china. Sometimes the grade is suspect, but generally if you want a job done cheap youre getting steel from china, thailand, vietnam. If you want steel and other metal production within US borders for use during potential wartime to fabricate tanks and boats and shells and planes and shit, you need to keep the industry alive so its ready to go. This is the only practical use of tarrifs, to protect militarily useful industries. Idk bout lumber

salty0waldo

How dense are people? Has anyone here ever been a part of an EPC division? Manufacturing plants aren’t sneakers, you can’t go to Costco and buy a textile or steel mill…these take years to plan, design, and build. By the time one of these plants is built US companies would have folded and unemployment will be sky high. Also, why do we want note manufacturing jobs? We cannot find people willing to fill operator or technician roles.

Theinsulated

We’re an EPC so we do a lot of different things but mostly energy / heavy manufacturing.

Phoenixchess

SHLS is way more than just another solar play. [They work with 13 of the top 15 U.S. solar EPC firms](https://beyondspx.com/article/shoals-technologies-group-inc-shls-powering-the-renewable-energy-transformation) and their EBOS tech is crucial for utility-scale projects. The wire insulation issue with Prysmian hurt them but they're going after them legally. Strong fundamentals too - current ratio of 2.26 and low debt-to-equity at 0.33. The recent insider buys are bullish. Management sees value at these levels. They're also expanding internationally - over 12% of their backlog is now international projects. Plus they're diversifying into battery storage and C&I markets. This isn't staying down. The fundamentals are too strong and they've got real competitive advantages in the EBOS space. Just a matter of time before the market recognizes it.

AICHEngineer

I work in midstream O&G, particularly handling LPG, LNG, liquid ammonia, and hydrogen. Our ceo mingles with people like the ceo of saudi aramco. They have a *very specific agenda*. Mohamed Bin Salman is very very future focused, and his plan to artificially raise oil prices worked really well for a couple years (to fund his sovereign wealth fund to invest in the future). However, innovations in the upstream O&g industry (particularly in american Shale oil) has been constantly pushing costs down and running up supply for US oil. As america produces more and more at fairly competitive rates (no one can produce oil as cheap as the saudi oil fields can since those fields are so close to the surface and are pressurized and relatively clean unlike venezuelan or canadian tar sand oil), the fight for global oil market share is on. If the saudis, iranians, and russians kept suppressing supply, Americans would eat up market share, so everyone now has to flush the market again to maintain or grow their proportional control of global crude sales. Its a knifes edge battle, and I think the only way oil drives back is if theres a complete recovery in the real economy. Demand has been dropping due to economic uncertainty, this drives up price. If we can stabilize, get global short term debt rates near the "neutral R* rate", and see employment/demand recover, oil prices probably should rise. Id personally never invest based on this, but this is just what we see in industry. We are a cyclical industry, hiring and firing as the EPC industry expands and contracts like an accordion reacting to macro investment flows.

radioactivepiloted

Agree. SiC for high power stuff, definitely. GaN is being manufactured in lower voltages that can compete with Si but starting at ~40V. Lower than that, Si dominates in many areas. EPC is a leader in low voltage GaN with others like Nexperia following suit. Great for higher switching frequencies, no reverse recovery losses. Allows for smaller magnetics while maintaining some sense of efficiency. I see GaN edging in where standard Si plays, but SiC still has its own application space.

Tongo4President

This is the shit I'm here for $40 EPC calls anyone?

FrostyGuarantee4666

Here you go: Shoals Technologies Group, Inc. (SHLS) sells electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle (EV) charging applications. Their products are sold to engineering, procurement, and construction (EPC) firms, utilities, solar developers, independent power producers, solar module manufacturers, and charge point operators.

waltervetrivel

FLR owns a part SMR and does EPC work. I think that will be the safe bet.

fragrantbelief

How many here have discovered Indian SME and other [solar EPC stocks](https://www.screener.in/company/543620/consolidated/)?!

arbyman85

It depends. They took sedg out so less competition is definitely a positive. Now the negative. Nearly every major US solar EPC/installer declared bankruptcy so the rate of installs will remain a significant drawback to growth. Most backlogs are 6+ months and you can’t just snap your fingers and bring these guys back Financing a solar project is an absolute nightmare at 12%, which is why Sunnova, Sunrun, etc… did so well on leases and PPAs. They now have a very bad look. Fed Rates aren’t going down any time soon and real rates for solar will only go up from here are as economy slows. Higher risk = Higher overall lending rates. >50% of states are set to vote on ending Net metering by the end of year, at least some will be successful Election is in November, and a complete Republican ticket likely won’t have enough votes to end IRA, but a simple majority will be sufficient to apply new rules for the money to completely negate its original intended purpose. Enph is far better choice than fslr that is about to be the next sedg now that Qcell just started US manufacturing and is getting subsidies. Fslr doesn’t stand a chance and it’s why c-suite cleared out all their shares in rally and investment firms are dumping like crazy. Enph a much brighter future if it overcomes those challenges.

Comfortable-Alarm21

EPC

BallEnvironmental670

Who is the EPC for these kinds of projects?

Stang302a

Sales pitch of SMR is (alleged) easier permitting due to improved passive safety, lower EPC costs to build, lower capital cost per project (spread project finance risk over multiple sites), easier refueling, easier operation. Of course none of these things have been proven and you're still dealing with the same NRC for permitting so I have my doubts.

cptspinach85

Yep, I do renewables for an EPC. It’s absolutely bonkers right now in a good way. Lots of $$$.

cptspinach85

I’m an engineer in an EPC (Engineer, Procure, Construct) firm. We’re still breaking all kinds of profit and revenue and work records. Construction is still going gang-busters.

oystrodoom

I made a comment a few days ago that people who can find the companies in the renewables industry that will be longterm providers will make a shit ton of money. Not many people fully know how much money is entering the industry due to the IRA and its tax credits. This is an industry with maybe <1000 subject matter experts that is getting dumped with billions of dollars. Every Tier 1 EPC company in the industry is inundated with work on project development that Tier 2 companies are being used. Long term storage is something hotly debated on its efficacy and how realistic it is to have so many batteries, but taxpayer money is going to flow into it and the companies who take advantage of it are going to grow at least for the next 10 years. The DOE loan announced today for the company that WSB's filters still think is <500M is even further proof of how much taxpayer money is flooding this industry.

thorns0014

1.I work for a commercial solar EPC. It doesn't generate passive income unless you're willing to fork over 7 figures. Most of the money that is made is from the lack of spending on power you'd normally purchase. The tax benefits allow for companies to essentially recoup their spending after 10-15 years and then "make" money for the next 10 by not purchasing new solar. 2. No unless you have a massive income and are willing to throw 7+ figures at a project 3. Do I have 7 figures 4. Would the tax benefits work for me 5. $GRID is a solid ETF for renewable infrastructure

Sir_Glock

They needed that as well lol https://www.wsj.com/livecoverage/stock-market-news-today-03-16-2023/card/discount-window-federal-home-loan-bank-borrowing-spikes-after-svb-failed-EPC81gCPsyN2dG2OIWWx

Downtown_Cabinet7950

It’s literally insane. We had funds in SVB, we’ll be fine. We have a benefactor that will keep us whole, he believes in our work to help make meaningful GHG reductions. Where was our cash going? It was paying engineers at EPC contractors that didn’t hold a dime in SVB. Without our benefactor, none of those companies would get paid now, and those people too will lose jobs. That’s how these things spiral out of control. We don’t have a single person, even C-suite, making above $100k.

AlphaSuerte

Might be a good play for Westinghouse Air Brake Company [WAB], the only US, publicly traded company producing electric pneumatic controlled (EPC) brakes.

AlphaSuerte

Are their air brakes or EPC brakes standard?

TheRoc66

Thanks for the update! And for those interested, lots of great DD here: [https://www.reddit.com/r/NIOCORP\_MINE/](https://www.reddit.com/r/NIOCORP_MINE/) The number of share-price moving events on the docket should go a long way to helping re-adjust the perceived value of the project in the next couple Qs, which should, in time, line-up or even exceed the $5B valuation of $MB, especially since the processing is expected to be done locally! According to latest NioCorp [presentation](https://secureservercdn.net/198.71.233.156/gx0.d43.myftpupload.com/wp-content/uploads/NioCorp_Investor_Presentation.pdf) \- **Major Project Milestones Ahead** for NioCorp’s in their suggested order of completion. (from page 28 of the latest NioCorp presentation – NO suggested dates at this time). 1. Completion of Demonstration Plant testing of optimized flow sheet and rare earth recovery rates. 2. Issuance of updated Feasibility Study incorporating rare earth production plans and expanded economics. 3. Exercise option-to-purchase agreements for additional land purchases. (needed land for “initial project footprint.”) 4. Execute final contracts with major EPC companies already chosen for mining and surface construction. 5. Conduct detailed engineering necessary for launch of construction. 6. Site preparation & development of infrastructure. 7. Begin sinking shafts into the mine. 8. Additional offtake agreements. 9. Complete project financing. 10. Launch of construction with expected completion in 3 years. 11. Plant commissioning. 12. Full-scale production. &#x200B; GLTAL AR.

Rjlv6

For Nuclear $UEC (Uranium mining) seems like the way to go most of the world's Uranium comes frome Kazakhstan but is mined by a Russian company. There is already a minor uranium shortage and if Russia wants to make the pain worse they'll interfere with the uranium supply. Under such a senerio UEC will probably be able to profitably restart production at their mines. $SMR has 2 nuclear projects in FEED right now. The U.S department of energy gave their first customer $1 Billiom to build a small modular reactor. Supposedly the plants come online by 2030. Obiously still quite a ways away but I do think that their Romanian plant will probably get accelerated depending on how long the situation in Europe lasts. Then there's $FLR which I have a large position in. They do engineering, procurment, construction and project managment. It should be solid if you think more LNG production. Needs to be built/accelerated Fluor notably is building the only LNG export terminal on Canada's west coast. Royal Dutch Shell will probably go with the option to expand the facility given where prices are and since Fluor already has the equipment and workforce in place they seem like a shoe in to win the project. Theres also the mozambique LNG project Fluor won. Exxon canceled it due to terrorism but I expect it should restart and hopefully FLR will win the rebid too. Other than that $FLR does EPC in Oil, Gas, hydrogen, chemicals, mining, infrastructure and more. They also own 50% of $SMR and have first right of refusal on all $SMR EPC projects. Seems like good stuff considering the Russians are big players in many of these.

cheaptissueburlap

UGRO under the 1b wsb rule tho, and they sell hydroponics systems so more of a EPC play on vertical/indoor farming

jk6421

***Keep this one on your watchlist for sure.Fantastic Story unfolding here.*** ***$SNPW>.01\^10% I AGREE 1000% Then there's this*** ***\* NMG SEDI Durango Solar PV Park, Mexico*** [***https://www.power-technology.com/marketdata/nmg-sedi-durango-solar-pv-park-mexico/***](https://www.power-technology.com/marketdata/nmg-sedi-durango-solar-pv-park-mexico/) ***\* 8K > $40M BANK GUARANTEE.*** ***Section 8 – Other Events (below)*** ***On May 7, 2021, Banco Bilbao Vizcaya Argentaria, S.A. (“BBVA”) presented the finance partner on the Durango Mexico 50-megawatt photovoltaic facility (the “Project”), with a $40 million dollar commitment letter for a Bank Guarantee/Standby Letter of Credit on behalf of the EPC partner as security for permanent financing on the Project. Although this does not obligate the Company in anyway nor does it guarantee that the Project will be financed and completed, management believes this to be a positive step in securing the role of National Mechanical Corp. in the Project.*** [***https://www.otcmarkets.com/filing/html?id=14939041&guid=B6U-kpqXej5eJth***](https://www.otcmarkets.com/filing/html?id=14939041&guid=B6U-kpqXej5eJth) ***\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_*** [***https://www.otcmarkets.com/filing/html?id=15834898&guid=B6U-kpqXej5eJth***](https://www.otcmarkets.com/filing/html?id=15834898&guid=B6U-kpqXej5eJth) ***Section 8 – Other Events (below)*** ***On May 20, 2022 announce Sun Pacific Holding Corp. Subsidiary Sun Pacific Power Corp and PT. IDN SOLAR TECH sign agreement to help build a solar panel facility to manufacture up to 1GW of solar panels per year, leading annual revenues to $450 million*** [***https://www.otcmarkets.com/filing/html?id=15824990&guid=B6U-kpqXej5eJth***](https://www.otcmarkets.com/filing/html?id=15824990&guid=B6U-kpqXej5eJth) ***Section 8 – Other Events (below)*** ***On May 17, 2022, Sun Pacific Power Corp., a subsidiary of Sun Pacific Holding Corp., (the “Company”) received certificate of authorization from FOXESS CO., LTD as their Official Major Distributor and Service Partner in the territory of “America” for their inverters and lithium batteries.*** ***\* Also the State of the Art Medrecycler in Rhode Island $20m Medical Waste Recycling Facility (W2E) that was funded by 1 investor for $17.2m.*** ***\* Major News and Updates >April 27,2022*** [***https://www.einnews.com/pr\_news/569218282/major-value-projects-in-the-emerging-renewable-energy-markets-with-new-partner-sun-pacific-holding-company-otc-snpw***](https://www.einnews.com/pr_news/569218282/major-value-projects-in-the-emerging-renewable-energy-markets-with-new-partner-sun-pacific-holding-company-otc-snpw) &#x200B; &#x200B; The list goes on and on.

jk6421

Keep this one on your watch list for sure.Fantasting Story unfolding here $SNPW>.0092 I AGREE 1000% Then there's this \* NMG SEDI Durango Solar PV Park, Mexico https://www.power-technology.com/marketdata/nmg-sedi-durango-solar-pv-park-mexico/ \* 8K > $40M BANK GUARANTEE. Section 8 – Other Events (below) On May 7, 2021, Banco Bilbao Vizcaya Argentaria, S.A. (“BBVA”) presented the finance partner on the Durango Mexico 50-megawatt photovoltaic facility (the “Project”), with a $40 million dollar commitment letter for a Bank Guarantee/Standby Letter of Credit on behalf of the EPC partner as security for permanent financing on the Project. Although this does not obligate the Company in anyway nor does it guarantee that the Project will be financed and completed, management believes this to be a positive step in securing the role of National Mechanical Corp. in the Project. [https://www.otcmarkets.com/filing/html?id=14939041&guid=B6U-kpqXej5eJth](https://www.otcmarkets.com/filing/html?id=14939041&guid=B6U-kpqXej5eJth) \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ [https://www.otcmarkets.com/filing/html?id=15834898&guid=B6U-kpqXej5eJth](https://www.otcmarkets.com/filing/html?id=15834898&guid=B6U-kpqXej5eJth) Section 8 – Other Events (below) On May 20, 2022 announce Sun Pacific Holding Corp. Subsidiary Sun Pacific Power Corp and PT. IDN SOLAR TECH sign agreement to help build a solar panel facility to manufacture up to 1GW of solar panels per year, leading annual revenues to $450 million [https://www.otcmarkets.com/filing/html?id=15824990&guid=B6U-kpqXej5eJth](https://www.otcmarkets.com/filing/html?id=15824990&guid=B6U-kpqXej5eJth) Section 8 – Other Events (below) On May 17, 2022, Sun Pacific Power Corp., a subsidiary of Sun Pacific Holding Corp., (the “Company”) received certificate of authorization from FOXESS CO., LTD as their Official Major Distributor and Service Partner in the territory of “America” for their inverters and lithium batteries. \* Also the State of the Art Medrecycler in Rhode Island $20m Medical Waste Recycling Facility (W2E) that was funded by 1 investor for $17.2m. The list goes on and on.

brakewallstreet

I'm a buyer. I have the rightmove email alerts on for new property coming on. Probably about 20 houses have come on in the past 2 months when compared to last year be lucky if it was 10 for the whole year. Estate Agents putting them out at highest possible price then reducing by £5-10,000 in 2 weeks or so. Even more email alerts. The only thing I have noticed is on the housing estates people are selling them £20,000 cheaper for identical houses. That usually brings down the value of the whole street when that happens. I also watched a 2 bedroom flat I wanted at auction. It was up for £150,000 which I would paid except it had an EPC rating of F which means a lot of pennies need spending. It did not sell. I suppose if you raise rates by 0.25% then tell the public inflation is going to be 11% the government aren't that interested in stopping inflation and wantvto keep the bubble going.

afreemansview

Puts on Razor Companies! $PG $EPC $BICEY Bush is back on the menu!

stockman313

ISUN solar energy EPC. FY2021 revenue reported Friday 45 million (over 100% YoY) 2022 guidance of 165 million (almost 400% YoY) conference call Monday after market close. Current market cap 45 million, expected to turn profitable this year. Stock price down over 75% in one year. Closed beneath Bollinger band on Thursday. Could be parabolic week!!!

billy-bumbler

&#x200B; **Background** Project Definitive feasibility Study (DFS) for the project came out last January. (([link](https://www.globenewswire.com/news-release/2022/01/20/2369775/0/en/Outstanding-Results-Delivered-by-the-Maricunga-Lithium-Brine-Project-in-Its-Updated-Definitive-Feasibility-Study.html))) LPI has non binding MOU with the Japanese giant Mitsui ( published 2021)[link](https://www.globenewswire.com/news-release/2021/05/11/2226778/0/en/Minera-Salar-Blanco-Agrees-Strategic-Alliance-with-Mitsui-for-the-Development-of-Maricunga-and-Future-Developments-in-Chile.html) LPI has all permits and has environmental approval ( approved 2020) to start construction. ([link](https://www.abnnewswire.net/press/en/100226/Lithium-Power-International-Ltd-(ASX-LPI)-Environmental-Approval-Received-for-the-Maricunga-Project.html)) &#x200B; LPI has non binding MOU with CODELCO ([link](https://www.bloomberg.com/press-releases/2019-08-02/lpi-and-codelco-sign-mou-to-jointly-develop-the-maricunga)) the chile state owned copper mining company which just announced that in march they are beginning a 10 month drilling program. These drilling locations and the exploration CODELCO is doing is related to the non-binding MOU with LPI. Stock price increase compared to peers is the lowest giving LPI the highest potential for near term growth compared to all its peers. earlier this month canaccord issued a re-rate for LPI with a TP of 1.20$ [link](https://lithiumpowerinternational.com/wp-content/uploads/2022/02/Report-24012022.pdf) Lithium Power International (LPI) is majority owner (51%) of Minera Salar Blanca(MSB) which owns properties, claims, freshwater rights, and special lithium operation contract (CEOL) for lithium extraction on the north end of the maricunga salar in chile. LPI/MSB maricunga have the second highest lithium concentrations of any project globally. The project salar is also open at depth with the drilling last summer going down to 400m. [link](https://www.globenewswire.com/en/news-release/2021/07/08/2260032/0/en/Maricunga-Lithium-Resource-Expansion-and-Finance-Activities-Update.html) LPI looks like it will be the first to start commercial operations on this salar. Project ownership 51% LPI, 17% Bearing Lithium, 31% minera blanco (private company mostly owned by Martin Borda. Martin borda also is a share holder of LPI) **Upcoming**: The outgoing government of Chile is meeting on Wednesday to evaluate the project and put it to vote by the committee of ministers. ([LINK](https://www.sea.gob.cl/documentacion/recursos-de-reclamacion) 1) ([LINK](https://g5noticias.cl/2022/02/21/consejo-de-ministros-incluyo-proyecto-los-rulos-en-limache-para-su-debate-del-23-2/?utm_source=rss&utm_medium=rss&utm_campaign=consejo-de-ministros-incluyo-proyecto-los-rulos-en-limache-para-su-debate-del-23-2) 2) ([LINK](https://www.latercera.com/pulso-pm/noticia/a-23-dias-del-fin-del-gobierno-el-conflicto-que-abrio-la-carrera-por-aprobar-proyectos-en-el-comite-de-ministros/SABYXYL4JFE6BF65OU3X466B6Y/)3). The project will be put to vote for continued approval since the claims and clarifications have been addressed and studied following the closing of the two year period for claims to be submitted after environmental approval which occurred in February 2020. Details about demerger are due any day now ([LINK 1](https://www.innovationnewsnetwork.com/financing-green-technologies-for-a-sustainable-future/19977/) [LINK 2](https://www.innovationnewsnetwork.com/lithium-power-international-begins-new-demerger-process/16937/)) : Management recently discussed near term simplification of project ownership ([LINK](https://www.innovationnewsnetwork.com/high-quality-battery-grade-lithium-carbonate-south-america/18305/)). This, along with the announced demerger of all Australian assets, we can infer that Bearing lithium (17% owner of the project) will likely merge with LPI in the near future. It is also possible that the remaining 31% owned by private company Minera Blanco, with majority owner being Martin Borda who is also a LPI share holder, may also want to merge with LPI to combine for greater market interest like the CEO mentioned. Engineering Procurement and Construction (EPC) contracts due are being received by the company and being evaluated by the board expect update by end of Q2 2022. LPI last week released a artilce talking about how financing is being currently being finalized [LINK](https://www.innovationnewsnetwork.com/financing-green-technologies-for-a-sustainable-future/19977/). In this article LPI said *"Lithium Power Internationalis proposing a plan to spin-off its Western Australian lithium development business in a new company on the Australian Securities Exchange, fitting neatly into this trend. Subject to regulatory approvals, a prospectus for a new ASX listing will soon be issued. The funds raised will enable work to be sped up on its development projects, one of which adjoins the world leading Talison lithium mine. This will focus LPI on its Maricunga lithium project in Chile, with its post-tax NPV of $1.4bn. Financing negotiations are currently being finalised before development of the project commences, with Mitsu advancing on its internal processes related to the previously announced non-binding Memorandum of Understanding. LPI has also received unsolicited approaches from other interested parties, attracted to the solid financials associated with the Maricunga project, which include options for production off-take."* By mid to end of April I expect further information or announcements about Mitsui and its strategic relationship with LPI. Such as a update about potential funding/off-take from Mitsui along with this I expect a update about near term Direct Lithium Extraction (DLE) Pilot plant which is planned to help produce the DFS for Phase 2 of the project which has been suggested will use DLE technology potentially from one of Mitsui's technical partners that has been receiving the projects brine for testing with the technology. Demerge of Australian assets will take place by end of Q2 2022. I am guessing that the merger with bearing lithium will occur at the same time. Early this year Management had given themselves a very extended time frame for final project financing for by EOY 2022. Although during webinars the CEO has said they want to close much faster and just basically gave themselves a extra 6 months due to uncertainties related to how long it takes for potential financiers to review the DFS that was released in January 2022. The review by financial intuitions usually takes 3 months at minimum. A few days ago the Company released a article discussing how the financing discussions have been begun to be finalized and we are at a very final stage now so it could happen any time as early as the next few weeks.

Investor109

My current favorite lithium junior company Lithium Power International. LTHHF LPI on the ASX. **Background:** Project Definitive Feasibility Study (DFS) for the project came out last month. LPI has a non-binding MOU with the Japanese giant Mitsui ( published 2021) LPI has all permits and has environmental approval ( approved 2020) to start consturction. LPI has non-binding MOU with CODELCO the chile state owned copper mining company which just announced that in march they are beginning a 10 month drilling program. These drilling locations and the exploration CODELCO is doing is related to the non-binding MOU with LPI. Stock price increase compared to peers is the lowest giving LPI the highest potential for near term growth compared to all its peers. earlier this month canaccord issued a re-rate for LPI with a TP of 1.20$ link Lithium Power International (LPI) is majority owner (51%) of Minera Salar Blanca(MSB) which owns properties, claims, freshwater rights, and special lithium operation contract (CEOL) for lithium extraction on the north end of the maricunga salar in chile. LPI/MSB maricunga have the second-highest lithium concentrations of any project globally. The project salar is also open at depth with the drilling last summer going down to 400m. link LPI looks like it will be the first to start commercial operations on this salar. Project ownership 51% LPI, 17% Bearing Lithium, 31% minera blanco (privet company mostly owned by Martin Borda. Martin Borda also is a shareholder of LPI). This will be consolidated. Most likely outcome here is that Mistui will take a large stake in LPI and that will enable LPI to own 100% of Maricunga. **Upcoming:** Details about demerger are due by end Q1 2022: Management recently discussed near term simplification of project ownership, looks like **LPI will take 100%** ownership at it's flagship Maricunga. This, along with the announced demerger of all Australian assets, we can infer that Bearing lithium (17% owner of the project) will likely merge with LPI in the near future. It is also possible that the remaining 31% owned by private company Minera Blanco, wth majority owner being Martin Borda who is also a LPI share holder, may also want to merge with LPI to combine for greater market interest like the CEO mentioned. Engineering Procurement and Construction (EPC) contracts due are being received by the company and being evaluated by the board expect update by end of Q1 2022. By mid to end of March I expect further information or announcements about Mitsui and its strategic relationship with LPI. Such as a update about potential funding/off-take from Mitsui along with this I expect a update about near term Direct Lithium Extraction (DLE) Pilot plant which is planned to help produce the DFS for Phase 2 of the project which has been suggested will use DLE technology potentially from one of Mitsui's technical partners that has been receiving the projects brine for testing with the technology. Demerge of Australian assets will take place by end of Q2 2022. I am guessing that the merger with bearing lithium will occur at the same time. Early this year Management had given themselves a very extended time frame for final project financing for by EOY 2022. Although during webinars the CEO has said they want to close much faster and just basically gave themselves a extra 6 months due to uncertainties related to how long it takes for potential financiers to review the DFS that was released in January 2022. The review by financial intuitions usually takes 3 months at minimum. A few days ago the Company released a article discussing how the financing discussions have been going very quickly and are at a very advanced stage now but will still require more months to complete.

revto9000

Yeah I work for an EPC firm for oil and gas clients. Increasing production capacity is a multi-year process. Not as simple as flipping a switch

InternetOfficer

you do realize this was a cartel level move to wipe off the short term put sellers with a dubious EPC? AMZN will fall eventually back to average level. This short squeeze is just to wipe out the short term bears and long term bulls. I am very bullish on AMZN but not at these levels

RollThePoint

Need to invest in $EPC (look it up)

Newcmt12345

Harry's agreed to be sold to EPC in 2019 for $1.37 billion on $325 million in 2019 revenues (4.2x that year's revs). That would put Manscaped at \~$12 a share on a similar multiple. Harry's was EBITDA breakeven at the time (as Manscaped is now), and Manscaped actually has better growth rates across 3 years, 2 years, 1 year. Now, these are different products, niche's, and EPC got synergies as well. So it's not tonally apples to apples. But it also goes to show the valuation itself isn't that crazy.

Erdelesk

> They also sell batteries and build giant battery warehouses for storing renewable energy. > > Cool that would make them an EPC company. The world's largest EPC companies have market caps in the 5-40 billion dollar range. Yearly they do hundreds of projects the size of Tesla's one off battery farms.

Ryanm715

yeah they just went public this year. i have a buddy in the solar EPC industry that speaks highly of their EBOS products

Rjlv6

Hi thank you for the kind words! Let me first just reiterate that there is still quite a bit of risk here although it appears as though Fluor is gaining ground contract backlog still remains down substantially since the start of the pandemic so that is an important metric to focus on. That being said even if it doesn't grow this quarter I am still optimistic that as the pandemic slows and commodity prices stay high Fluor will be able to grow backlog substantially. Also even if they dont since Fluor is currently Free Cash Flow positive. I anticipate that they can be profitable at their current level of backlog aswell so thats also worth noting. The key is they have to stop backlog from shrinking. With that being said I would suspect that the high price of uranium would be positive for Fluor. Its been a while since I've researched this but from what I understand there are alot of existing mines that have been idled or closed durring the long uranium bear market that can be reopened. Of corse this is still good for Fluor as I would imagine these mines need to be retrofitted although I am far from an expert on this topic. Fluor actually has an interesting Materials handling buisness that I've recently been researching. Its useful for things like conveyer belts for transporting ore. So these should bennifit from mines reopening. Additionally if the mine operator is very concerned about carbon emissions this buisness can probably assist in electrifying the mine. (Fluor mentions this in their strategy day) From past experience materials handling is actually a very fragmented high margin automation buissness so I'd very much like Fluor to lean into some of these contracts and expand into factory materials handling. Could be good given the labor shortage and declining demographics. (Which is also a risk since labor coats may prevent new contracts) Setting this all aside I also think Fluors strong partnership with the DOE should help them win some uranium processing agreements with Centrus Energy aswell. Current nuclear fuel needs to be enriched before it goes into a reactor. Assuming there's growth in this area there might be some nice EPC contracts here aswell. So overall this should be a nice area of work for Fluor. Then of corse you can look at this from a NuScale perspective. I expect SMR's to drive a significant amount of future demand for uranium as they are adopted. Fluor being the largest investor in NuScale and also having exclusive EPC rights on their reactors seems as though its gonna be a massive win and lead to more mining work for Fluor in unexpected ways. For example a polish mining company announced that they want to use a NuScale SMR. https://innovationorigins.com/en/small-nuclear-power-plants-are-gaining-traction/ If you are already collaborating with Fluor and Nuscale to build a reactor near one of your mines why not also use Fluor to do EPC work on the Mine aswell? There's also the high price of fossil fuels thats worth keeping an eye on for now. While I obviously want to transition away I think its very possible that this is a short term boom for Fluor. Fluors competitor Jacobs engineering sold their fossil fuel buissness and KBR exited oil and natural gas all together. Meanwhile the price of natural gas and oil has gone through the roof at Fluor is a preferred contractor in an industry with less players. Hopefully there will be more LNG contracts for Fluor near term they are doing a good job so far on LNG Canada and while I dont want them to be overly focused on this buisness I do think they should do their best to make money here while there realigning the buisness. Theres alot more I could discuss but the buisness is slowly turning around.

Jeff__Skilling

> What are your thoughts on US nat gas exports- specifically $TELL. Dont you think the current situation makes Driftwood very likely to be built? If so, stock has A LOT of room to run. A couple things here: (1) Looks like Driftwood began EPC stage this year, 2021, and have contracted out future volumes to (all of them, it looks like) to [Vitol, RDS, and some LNG trading shop in Singapore](https://www.bamsec.com/filing/6139821000031/1?cik=61398&hl=43710:44072&hl_id=vk-zh3qei). Looks like the terms are locked in for 10 years once first production starts (which appears to be 2026, woof....) - so my question here is where is the upside if future LNG volumes 10Y out are already sold at fixed volumes and prices? If anything, this looks like limited upside with downside protection - I'd guess that $TELL exhibits the same risk profile as a IG fixed income security vs a too the moon meme stock (2) [It looks like they've delevered significantly](https://www.bamsec.com/filing/6139821000031/1?cik=61398&hl=14368:14415&hl_id=4kweah94j) - I suspect those restrictive TL's were forcing them to maintain restrictive hedgebooks on their future volumes to RDS/Vitol/Singapore, which *miiiiight* afford $TELL some upside to run........ ......buuuut if you dig into the notes of their financials, you'll see that they've still got a ***metric fuckton*** left of future Driftwood costs to finance (remember they won't be done until 2026E?). They just paid down (and incurred a gnarly call premium) their expensive term loans, so how are they going to finance the remaining construction on Driftwood? [By diluting their current shareholders, of course!](https://www.bamsec.com/filing/6139821000031/1?cik=61398&hl=14368:14415&hl_id=4kweah94j) - $TELL appears to be replacing the debt financing arrangements on driftwood and replacing them with ATM offering/equity financing arrangements (and as someone that works with a lot of these liquidification companies and their PE sponsors, I'm really scratching my head re: $TELL's cost of debt being more expensive than their cost of equity...... ....but that's ***really really really*** bad news for holders of common stock that are looking for upside. Which is fundamentally non-existent for these LNG Liquification plays unless you commit capital in the super early stages of the venture, which means you have to work for one of the PE/SWF/Infra funds that initially capitalizes $TELL/$LNG/$CQP or any of the private liquification facility projects

yolocr8m8

Fluor was the least shitty EPC I ever did projects with

Conrad003

This is entirely false. I'm an engineering manager at a solar EPC firm and all of our utility scale projects are trackers. I don't know where the hell you heard this. We always default to trackers over fixed tilt when doing a cost benefit.

seasond

"January 26 (Renewables Now) - The newly-formed Black Sunrise Half Century Fund, backed by Senegalese-American rapper Akon, has selected the dedicated solar unit of Orbital Energy Group Inc (NASDAQ:OEG) as its EPC company of choice for the construction of solar parks on the sites of decommissioned coal-fired power plants in the US."

SHOWTIME2283

BACK UP WE GO. If anyone is looking for some money making stocks this summer to get into now might I suggest: XYL EPC GRMN

vavathrow

£10,000? Best you'll get is a 1 bed flat in rotherham with an EPC rating of E. If only flats were this cheap I would buy a block of them!

RichSteps

This post mentions: **$IEA, $BLDP, $PCELF, $NLLSF** On /r/pennystocks, /u/UncleMomsCabin has previously mentioned: |||||||||| |:-|:-|:-|:-|:-|:-|:-|:-|:- **ticker**|SLGBF|ABML|HLOGF|ACCYY|SNPW|SAVA|EPC|DJPHF **mentions**|3|3|2|2|1|1|1|1 /u/UncleMomsCabin's account was created **3 months ago**. It has **1492** comment karma and **798** link karma. ----- ^You ^may ^see ^tickers ^you ^didn't ^mention ^-- ^I'm ^casting ^a ^wide ^net ^because ^y'all ^don't ^always ^$TAG ^your ^ticker ^symbols. ^This ^was ^an ^automated ^response. ^If ^you ^have ^feedback, ^please ^reply ^to ^this ^comment ^or [^(send me a message)](https://www.reddit.com/message/compose?to=RichSteps&subject=bot%20feedback)^.

RichSteps

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RichSteps

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RichSteps

This post mentions: **$HLOGF** On /r/pennystocks, /u/UncleMomsCabin has previously mentioned: ||||||||| |:-|:-|:-|:-|:-|:-|:-|:- **ticker**|ABML|SLGBF|ACCYY|SNPW|SAVA|EPC|DJPHF **mentions**|3|2|2|1|1|1|1 /u/UncleMomsCabin's account was created **3 months ago**. It has **1459** comment karma and **787** link karma. ----- ^You ^may ^see ^tickers ^you ^didn't ^mention ^-- ^I'm ^casting ^a ^wide ^net ^because ^y'all ^don't ^always ^$TAG ^your ^ticker ^symbols. ^This ^was ^an ^automated ^response. ^If ^you ^have ^feedback, ^please ^reply ^to ^this ^comment ^or [^(send me a message)](https://www.reddit.com/message/compose?to=RichSteps&subject=bot%20feedback)^.

CazzoBandito

Grats on this play if you're invested, I disagree with your sentiment about the construction industry though. A lot of GC's and EPC's are reluctant to adopt BIM (building information modeling) and all its synergies and savings into their businesses. Augmented reality in the construction space is a possibility, but in the dog eat dog market of construction it needs a to be bonafide savings to the over all business.

tripnipper

Haven’t worked with them but if they are like many of the large EPC or EPCM companies not a fan so bureaucratic and a pain in the ass

ondori_co

Fluor is a terrible company and an even worse EPC. They win big contracts because they have a foothold in the industry. If you've worked along side Fluor on a project, you know what I'm talking about. > can be shipped into disaster zones You gonna ship a complete electrical grid as well? or at least a box of Amazon Basics extension cords? > be deployed into factories for on-site generation Why are you building factories off-grid? and just an FYI, this is a thing, except instead of nuclear, we use LPG/NG or Diesel. Generac can get you all the power you need in a few days without any permits. > scattered through out suburbs and commercial zones to generate the power near where it is consumed lol

RichSteps

This post mentions: **$ABML** On /r/pennystocks, /u/UncleMomsCabin has previously mentioned: ||||||||| |:-|:-|:-|:-|:-|:-|:-|:- **ticker**|SLGBF|ACCYY|**ABML**|SNPW|SAVA|EPC|DJPHF **mentions**|2|2|**2**|1|1|1|1 /u/UncleMomsCabin's account was created **2 months ago**. It has **952** comment karma and **781** link karma. ----- ^You ^may ^see ^tickers ^you ^didn't ^mention ^-- ^I'm ^casting ^a ^wide ^net ^because ^y'all ^don't ^always ^$TAG ^your ^ticker ^symbols. ^This ^was ^an ^automated ^response. ^If ^you ^have ^feedback, ^please ^reply ^to ^this ^comment ^or [^(send me a message)](https://www.reddit.com/message/compose?to=RichSteps&subject=bot%20feedback)^.

PandaCalves

Two Biden Plan infrastructure plays:.$PWR and $BKEP. $PWR is IMO the best EPC in NA, and should get a good chunk of any renewable energy/grid modernization build-out funds when/if Biden's green energy plans are finalized. $BKEP is a smaller/riskier dividend play, but owns the largest asphalt terminating network in the US. The Biden Plan calls for 20,000 miles of road repair/upgrade...most of our roads are asphalt, so $BKEP should see a surge in demand.

RichSteps

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This post mentions: **$SLGBF** On /r/pennystocks, /u/UncleMomsCabin has previously mentioned: |||||||| |:-|:-|:-|:-|:-|:-|:- **ticker**|ACCYY|ABML|SNPW|SAVA|EPC|DJPHF **mentions**|2|2|1|1|1|1 /u/UncleMomsCabin's account was created **2 months ago**. It has **751** comment karma and **772** link karma. ----- ^You ^may ^see ^tickers ^you ^didn't ^mention ^-- ^I'm ^casting ^a ^wide ^net ^because ^y'all ^don't ^always ^$TAG ^your ^ticker ^symbols. ^This ^was ^an ^automated ^response. ^If ^you ^have ^feedback, ^please ^reply ^to ^this ^comment ^or [^(send me a message)](https://www.reddit.com/message/compose?to=RichSteps&subject=bot%20feedback)^.

oldschoolczar

I don’t know man. This ETF hardly moves. The Engineering/EPC sector (which comprises some of this ETF - Jacobs, Fluor, Stantec, etc.) never fucking moves at all. It’s a safe imvestment in that youre probably not going to lose money, but you’re probably not going to make much either. I’ve been watching PAVE for awhile and decided there were much better opportunities elsewhere.

oldschoolczar

These engineering/EPC firms stocks don’t seem to provide a lot of growth, but they’re very stable and don’t seem to dip too heard either (e.g. Jacobs, Stantec, etc)

HippoLover85

as a long term investor who was waiting for a turnaround for years . . . that is always the same question year after year. new CEO hasnt worked (they have changed a few times in the last 5-10 years). california solar laws haven't helped. partnerships haven't helped . . . my takeaway was that EPC residential/small-scale commercial solar is a very difficult market with a lot of players. hard to make $$ in this market.

HippoLover85

Check out their new CEO. his pay gets doubled if they can make more than $0 profit this year (it is in his contract which is available on [SEC.gov](https://SEC.gov)). doing EPC for the solar industry is a DIFFICULT business due to the relatively low barrier to entry and relatively low skill required. Every construction company can do it essentially. which makes it hard. Even with california's new law . . . House building contractors are not going to give up $$ to SUNW to install panels on the roof when they can just do it themselves . . .

RichSteps

This post mentions: **$EPC, $SNPW** On /r/pennystocks, /u/UncleMomsCabin has previously mentioned: |||||||||| |:-|:-|:-|:-|:-|:-|:-|:-|:- **ticker**|SPPI|SBBP|MNKKQ|LUNA|IDRA|BKYI|ALRN|ABML **mentions**|1|1|1|1|1|1|1|1 /u/UncleMomsCabin's account was created **1 month ago**. It has **596** comment karma and **632** link karma. ----- ^You ^may ^see ^tickers ^you ^didn't ^mention ^-- ^I'm ^casting ^a ^wide ^net ^because ^y'all ^don't ^always ^$TAG ^your ^ticker ^symbols. ^This ^was ^an ^automated ^response. ^If ^you ^have ^feedback, ^please ^reply ^to ^this ^comment ^or [^(send me a message)](https://www.reddit.com/message/compose?to=RichSteps&subject=bot%20feedback)^.

pickle_bug77

You deserve a win for holding out so long, I'm sure you are correct. Something big should happen long term. I'm still learning everyday. I was pleased to get in early on this one with the news today. Between this and EYES, I finally feel more comfortable investing. Currently trying to teach myself options. I work in insurance and financial services but have no Series 6, etc and only handle the insurance end. I have become obsessed learning about companies, EPC's, reading charts etc. Growing up, my parents never read me the normal books like fables or Dr. Seuss. From the age of eight, we read kids books about stocks and discussed... 😒 For my birthday and Christmas, I was given stock in a company along with a gift that that company produced. For example, one year I got Disney stock so we went to Disney World. They were parents that loved to flaunt their money and were also complete and total assholes. Stole accounts to build their own business, and basically screwed everyone on their way to the top. I don't have much communication with them now. One mistake they did make was setting up all my accounts as UTMA's. As soon as I was of age, I cashed them out for extra college spending, travelling with friends and footing the bill most times. One of the dumbest mistakes I could have ever made, as I would be sitting pretty darn good right now if I had left it in the markets. Thankfully, this is an awesome group of folks here to clarify, etc. Sorry for the novel internet stranger. I hope you have a great weekend. 💜

doublea3

Part III: > the Risk Factors you rattle off from the recent 2020 10-K, particularly related to PREPA, are verbatim the same Risk Factors disclosed in the 2019 10-K. If there was something incrementally new since the 2019 10-K hit, I'd give you credit, but that's not the case = old news Risk Factors disclosed in 10-Ks are meant to outline ALL of the potential risk that could harm the business or stock price. There are inherent risks in investing. If every risk factor in every 10-K in every company was taken at face value with a high probability of materializing, nobody would invest in companies! When I look through 10-Ks, I look for changes in Risk Factors compared to the previous version…new incremental risks, or adjustments to the language, are what can be noteworthy. The ones you cite have been listed for some time now. = old news "It's noteworthy that at a time when energy shares, generally speaking, are surging with the rise in oil prices, shares of TUSK are down. In fact during the few hours I've been writing this article the companies stock is down 8%, and appears headed for further decline today when the market opens." --> perhaps this is because a) many investors increasingly don't view TUSK as an OFS/Energy play b) you are cherry picking the performance within a very small timeframe of mere hours that fall within a single day...this is the data point you use to reference a trend? c) the stock is up +154% since the end of December (following their 3rd validation by FEMA of their work performed for PREPA, following their $40M Aqua Wolf engineering contract, and following their Q4 results which demonstrated continued progress in their Infrastructure business and potential signs of life on the OFS side). = misleading On one hand you note: "the EPIC business also is going to do well. The government, once it settles the current COVID relief package, will very likely begin deliberating a huge multi-trillion dollar infrastructure package that could very well benefit companies like TUSK...I could try and describe their prowess at securing this sort of work, but I would never do as well as some old older articles by a former contributor who helped to put this company on the map... Mr. Bert, a now deceased, retired Wall Street trader who devoted a good bit of his early writing to TUSK. These are worth reading as Mr. Bert went into great detail as to why TUSK would be successful in the E&C business...focus instead on the very elaborate detail he provided on the core of the EPIC business that TUSK proved they could capture. Mr. Bert was one of a kind"...and then later you write: "The future of the company is undoubtedly in the EPIC/Infrastructure business for which they have shown an ability to secure work, and is growing and will continue to grow for the foreseeable future."... which is then dubiously followed by this statement: "It's also difficult to say if TUSK will be broadly successful in securing infrastructure work in this country. Most of their historical revenue of this type has been from PREPA and associated with their original contract and extensions. As such I'm not going to infer any revenue gain to justify an incremental value above an arbitrary $1.00 per share. If the stock were to sink to this marginal level it might be worth taking a stake, as the book value of the company \~$550 mm would cover liabilities of $263 mm with a substantial bit left to pick over at the Sheriff's auction"  = sensationalist + conflicting with your own statements + lacking clarity + misleading + nonsensical 9) So let me get this straight...you admit that their EPC/Infrastructure business is "going to do well...has a proven ability to secure work...is growing...is the future of the company...and will continue to growth for the foreseeable future" (all your words) and then in the next breath you cast doubt on their ability to secure work in "this country" (assuming when you write "this country" you are referring to the US???) because their historical revenue was concentrated in Puerto Rico with the PREPA contract...and thus surmise no value should be given to his business and the stock should be worth $1.00 per share? I'm almost wondering if you proofread your article before posting it...did you forget that earlier in the article you cited their Infrastructure business generated $155M of Revenue in 2020, (which posted 15% EBITDA margins for the 2H of 2020)? = sensationalism + conflicting with your own statements + lacking clarity + misleading + makes no sense at all 10) Last but not least: you don't provide any estimates, math, inputs...or anything close to a reasonable basis for how you arrive at your $1.00 target. You think a business that has a 20% CAGR with high teens EBITDA margins and macro tailwinds should be trading at a multiple of less than 1x EV/EBITDA? Zero substance demonstrated on how you arrive at such an outlandish, baseless claim...just a "finger in the air" approach to security valuation? You should do your readers (and your credibility) a favor and explain to us how you arrive at this ridiculous conclusion. This article is both reckless (for your reputation) and useless (for your readership). = sensationalism + conflicting with your own statements + lacking clarity + misleading + makes no sense at all PS: the correct abbreviation is "EPC"...which stands for "Engineering, Procurement, and Construction". There is no "I" in it...it's not "EPIC" PPS: "Just a few weeks ago they announced a substantial EPIC contract with an unnamed utility worth $40 mm to provide services of this type. The secrecy here is curious... but, we're not going to dwell on it at present." --> there is no conspiracy here my friend, even though it appears you want to plant that seed and spin it that way. It's called an NDA, or a Non-Disclosure Agreement, and is very common in this business. Look at any of the recent MSA contract awards with investor owned utilities that Orbital Energy Group (ticker: OEG) has announced in Q4'20 and Q1'21...they do not name the utility or its investor owners. Orbital must be conspiring in the same "curious secrecy" that you allude to in the case of Mammoth! Take off the tin foil hat...you might get struck by lightning. PPS: If you don't like receiving brutally honest responses like this, maybe you should be a bit more responsible and restrained with the sensationalist and provocative garbage you're willing to publish to the investing public. "Wishin' And A Hopin" you the very best with your short crusade to $1.00 per share. Best of luck with that.

RichSteps

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JRKT

This. Does not even have to be an outright buy. Those large firms can provide cheap financing in exchange for off-take agreements. Kraft Heinz and ConAgra are already raising prices due to corn/soybean and grain costs. These companies and their customer’s will need to protect margins. If we get a true inflationary environment this dynamic accelerates. I watched the solar industry scale at a breakneck pace. Webb has experience scaling large construction projects quickly. All of their EPC contractors are top notch. I think skilled labor becomes a bigger constraint than capital at some point here.

Troy_Nguyen

$CSIQ trailing p/e 12.04. $IEA price/sales ttm 0.17 (it has quite a bit a debt so p/e 28, a tad high but expecting more contract revenue for this EPC firm due to upcoming infrastructure spending from Biden). These are green plays. There’re gems if you look hard enough. The correction is needed and likely due to panic selling, which leads to margin calls. Bond yields, interest rates hike rumours are just noise. If you zoom out, the summer is around the corner and the stimulus bill plus the infrastructure one are on the table. Powell won’t raise rates and rational investors should trust him. How would that explain the negativity on the market? Irrational to me. Buying deep value companies during this dip is where I’m at.

jmifsud95

Will take a look at EPC! Yea for sure when it comes to Peloton, Lulu and Apple that would be a concern (Apple less so) For reference, I was a huge Peloton hater until I tried out the app which eventually led to me buying the bike. Yea the idea of an overpriced bike on the surface seems ludicrous and unnecessary... however I don’t think the buying of the stock is worth it for the hardware but for the app and content creation it has and is building. The library of content they have and increasing eyes going to the app is creating a cult like following for some trainers on the site. It’s introducing a go to site for fitness influencers that I think is truly the play. The hardware will slowly decrease in cost as the time goes. With the shift in mentality during covid where there are less sales people getting commission on the hardware when people try it, you have already seen prices starting to come down. The reinvestment into infrastructure, treadmill and future rowing machine will only improve the reach of the business. I honestly think it’s a no brainer given where I think it is going around the $100 price point. I think Peloton as a whole will be a go to spot I’m more long the content and app than I am the hardware.

Goddess_Peorth

I'm a firmware engineer and bought a cheap exercise bike for lockdown, and it works great. I still can't imagine treating an exercise bike brand like an expensive purse. I did want a douche stock today, so I bought EPC twice, once at a good price, once at a bad price. I agree with the horde of analysts that point out 1) these stocks are way above their fundamentals 2) their profit margins have been lower during the pandemic, even while they get record revenues 3) other companies will also still exist after the pandemic. Once the lockdown "this is the brand I'm using" effect wears off, these stocks will most likely end up priced by their fundamentals again. And that means down, way way down.

Goddess_Peorth

I like the chart, and I bought some EPC for a slightly longer time period. I didn't bother trying to time it, and paid more than you're trying to, but I'm planning to hold it a couple weeks. NLS look awful to me, though, still way too far above pre-pandemic.

splat-y-chila

$EPC. All the sanitary hygiene you could need.

intensefactor

I saw that. https://www.mmexresources.com/wp-content/uploads/2021/02/210208_MMEX8K020721_.pdf They have a legit EPC. I think funding will come. This one could take off.