If you have been looking to invest in the energy sector, Perfectenergy (OTCBB: PFGY) is a great candidate for your small-cap portfolio. PFGY has developed a proprietary manufacturing process which is more cost effective than the industry average. This innovation has enabled them to become an industry leader in the manufacturing of photovoltaic (PV) systems on the international market.
Why invest in solar?
- The 89 petawatts of sunlight reaching the earth’s surface is plentiful – almost 6,000 times more than the 15 terawatts of average power consumed by humans. Additionally, solar electric generation has the highest power density (global mean of 170 W/m²) among renewable energies.
- Solar power is pollution-free during use. Production end wastes and emissions are manageable using existing pollution controls. End-of-use recycling technologies are under development.
- Facilities can operate with little maintenance or intervention after initial setup.
- Solar electric generation is economically superior where grid connection or fuel transport is difficult, costly or impossible. Examples include satellites, island communities, remote locations and ocean vessels.
- When grid-connected, solar electric generation can displace the highest cost electricity during times of peak demand (in most climatic regions); can reduce grid loading; and can eliminate the need for local battery power for use in times of darkness and high local demand; such application is encouraged by net metering. Time-of-use net metering can be highly favorable to small photovoltaic systems.
- Grid-connected solar electricity can be used locally thus reducing transmission/distribution losses (transmission losses were approximately 7.2% in 1995).
- Once the initial capital cost of building a solar power plant has been spent, operating costs are extremely low compared to existing power technologies.
- Compared to fossil and nuclear energy sources, very little research-money has been invested in the development of solar cells, so there is much room for improvement. Nevertheless, experimental high efficiency solar cells already have efficiencies of over 40% and efficiencies are rapidly rising while mass production costs are rapidly falling.
So how does this transfer to revenue? PFGY has seen a 800% revenue growth rate within the last fiscal year generating $41 million in revenue with a net profit of $9 million dollars. The solar energy market has vast potential, and PFGY has positioned themselves for long-term success in the industry. Watch the Perfectenergy podcast below for additional information regarding the stock: