Send2deking, Good to see new sites going live all the time. My...

Send2deking,

Good to see new sites going live all the time. My rule of thumb is that each unit uses about 5MWH p.a. - so this 43 unit installation and the 118 a few days before provides another 0.8GWh p.a. With the revenue metrics provided by olderwiser, (ie $40k/GWh p.a of gross revenue) then the two updates you provided equate to (about) another $32k p.a. of profit.

With a p/e ratio of (say) 30 for a company in high-growth mode, that adds about $960k to the valuation of the company. With 2.5bn shares on issue, these two deals alone add .04c/share to the valuation. (Note that at this stage there is very little which detracts from earnings, the contracted deals are locked in for a number of years).

I mention all of this for two reasons:
(1) to increase the market share by 5-6GWh / mth (which is what they have been doing recently) requires signing up about 1000-1200 units per month. This is actually quite hard, and of course becomes harder as the low hanging fruit is picked off. But they have been doing it up to now and they have a pipeline which implies that billing will continue to increase over the next few months at least.
(2) The theoretical valuation of the company should increase by between .24c and .29c each and every month that they continue to grow their customer base by 5-6GWh. May not sound much, but that is 1c every four months. Which is 40% growth on the current SP every four months.

I'm waiting with interest for the next 4c, but at these prices I rate this company as a strong buy.