Harrison Vickers and Waterman Inc. (OTC: HVCW) is one of the most promising solar stocks in the OTC thanks to its strong foothold in the lucrative California market. With the company now set to enter the Texas market after signing an LOI to acquire a solar company, HVCW could be poised to soar on more updates regarding this endeavor. At the same time, investors are watching HVCW in anticipation of the removal of its shell status and regaining Pink Current status. As the company intends to release PR soon, HVCW stock could be one of the solar stocks to watch this month.
HVCW Stock News
Venturing into the growing solar industry, HVCW closed its merger with Pacific Energy (doing business as Modern Pro Solution). Founded in 2016, MPS is a parent company of several subsidiaries in the solar, roofing, HVAC, security, distribution, consulting, lead generation, marketing, sales, data, software and mortgage businesses. In this way, MPS has been able to grow its revenues YOY – realizing up to $49 million – and expand its footprint to several markets across the US. In light of this, many investors are bullish this merger could set HVCW stock for major growth in the future.
With this in mind, this growth is mainly the result of MPS’ founder and CEO Bobby Tetsch. Capitalizing on his 20 year experience in the solar industry, Tetsch founded MPS to create a vertically integrated business delivering solutions in home services. Through this vision, Tetsch expanded MPS’ operations in 2021 from residential solar to a parent company with ventures in roofing, HVAC, smart home, business consulting, distribution, and business financing. At the same time, Tetsch has further expansion plans for MPS to enter 10 new markets by 2024 and improve the company’s manufacturing and distribution capabilities. Based on this, many investors are bullish on HVCW stock’s upside potential as one of the most promising solar stocks.
Meanwhile, Tetsch is working to add more services to MPS’ portfolio including integrating and mobilizing building data collected from IOT-connected devices, building inspections, maintenance consulting, control and monitoring software, green mortgages and bringing consumer financing. With investors bullish on Tetsch’s leadership, it is worth noting that Tetsch is now HVCW’s sole director and officer after being appointed by Jeffery Canouse as his successor in his final act before resigning. Under this new leadership, HVCW stock could be on track to become one of the best solar stocks to invest in.
In the meantime, renewable energy stocks are gaining investors’ attention thanks to the passing of the Inflation Reduction Act which is set to be signed into law this week. Through this upcoming law, companies like HVCW could receive a portion of the $369 billion in climate and energy-related funding included in the act. In addition, the act includes $30 billion in production tax credits to accelerate the production of US solar panels, wind turbines, batteries, and critical minerals processing.
Moreover, this act could allow HVCW to witness higher demand for its products since the act also includes 10 years of consumer tax credits to make homes run on clean energy like solar energy. In light of this, HVCW could be one of the solar stocks to watch this week as clean energy stocks could be poised for another run upon signing this act into law.
In addition to the Inflation Reduction Act, HVCW is on track to capitalize on the CHIPS Act as MPS also operates in the semiconductor manufacturing industry. With the act signed into law last week, MPS could receive a portion of the $52 billion in subsidies and grants to support the domestic semiconductor manufacturing industry. Considering the growth potential of MPS in such lucrative industries, HVCW stock could be one of the solar stocks to hold onto for the long-term.
*Updated August 25th, 2022
With HVCW stock continuing to gain interest from investors, the company shared an update regarding its operations in the renewable energy sector. This update highlighted MPS’ future plans as the company shared that it is confident its expansion targets could significantly increase its installations annually. Moreover, HVCW shared that it expects to venture into new markets soon including the lucrative Texas market. Through these plans, HVCW has the potential to become one of the best solar stocks in the OTC.
Meanwhile, HVCW plans to add more services to its offerings including building inspections, green mortgages, HVAC, as well as roofing and maintenance consulting. Looking to achieve further growth, HVCW also intends to improve its manufacturing and distribution capabilities to overcome the inconsistencies in the supply chain. In this way, HVCW could deliver on its target of increasing its installations annually as it could install its products more efficiently.
As for the long-term, HVCW is mainly focused on offering in-house consumer financing and expanding its relationships with authorized dealers. Since these plans could allow the company to substantially grow its business, HVCW could be one of the solar stocks to hold in anticipation of the roll-out of these plans. With this in mind, HVCW shared that this update is an intro to the company and promised more news in the future. In light of this, HVCW could be well-positioned for a major run on more updates.
These future plans are in line with MPS’ stature as one of the best private companies in the US as the company is ranked 87 overall in the annual Inc. 500 while being ranked 13 in California and fifth in the energy sector. This ranking is the result of MPS constant growth over the past 3 years where the company grew its revenues by 4900%. On that note, MPS expects to grow its revenues by 2500% this year which could allow HVCW to record significant financial growth in its financials. Based on this continuous growth, HVCW could be one of the solar stocks to hold onto for the long-term.
*Updated December 8th, 2022
Looking to achieve more growth in 2023, HVCW is set to enter the Texas market as it signed an LOI to acquire a Texas-based solar company. This acquisition has the potential to set HVCW up for major growth in the future since the acquired company has more than $40 million in annual revenues. Considering that HVCW was projecting 5000 installations for 2023 at an average unit price of $39 thousand, the company could now realize up to $235 million in revenues for 2023. With the company working to close this acquisition by December 31, HVCW could be one to accumulate in anticipation of more news.
Meanwhile, HVCW is working to remove its shell status on OTC Markets and regain Pink Current status. With this in mind, the company recently posted its Q1 financials along with an attorney letter which could see the company regain its Current status in the near future. At the same time, HVCW amended its annual report where the company indicated that it is not a shell company. In light of this, many investors are bullish HVCW could be well-positioned to run once the shell status is removed.
HVCW is also looking to provide value to its shareholders as the company promised to not effect a reverse split in the future while focusing on growing its sales and profits as well as expanding into new markets. With this in mind, Tetsch promised shareholders to release PR soon which could include more details regarding the Texas acquisition and other corporate updates. Based on this, HVCW could be one of the solar stocks to add in anticipation of its upcoming catalysts.
HVCW Stock Financials
According to its Q1 financials, HVCW reported $13.7 million in assets including $2.1 million in cash – representing a QOQ increase from $2.8 million and $533.3 thousand. As for its liabilities, HVCW witnessed an increase to $20.1 million compared to $7.6 million in the previous quarter. However, this increase is mainly attributed to the company reporting $9.7 million in deferred revenues which could be reported as revenues in the coming quarters.
Meanwhile, HVCW reported $16.5 million in revenues – increasing from $1.5 million last year. Despite this, the company realized a gross profit of only $1.2 million as cost of revenue was $15.2 million. At the same time, operating costs climbed to $2.7 million compared to $1.1 million in the same year-ago-period. In this way, HVCW’s net loss widened to $1.6 million compared to $275 thousand last year.
Media Sentiment
@AngryRed316 is bullish HVCW could be set for major growth in the long-term.
@InvestmentGuru_ is confident HVCW has significant run potential in light of its catalysts.
Technical Analysis
HVCW is currently trading at its resistance at $.0008 and shows other resistances near .0011 and .0014. Meanwhile, the stock has supports at .0005 and .0003. After announcing the LOI to acquire the Texas solar company, HVCW has been gaining momentum – with the stock breaking through its resistance momentarily. With this in mind, HVCW is currently trading at a major resistance which is a key level to watch.
If the stock continues witnessing strong buying activity, HVCW could be poised to break through its resistance and test its 52-week high given the number of the company’s pending catalysts. In this way, a good entry point could be on retests of $.0008. However, if the stock fails to break through its resistance, a good entry point could be on retests of the 200 MA which is a major support for HVCW.
With many investors confident HVCW could be one of the most promising solar stocks, accumulation is trending upwards. At the same time, the MACD is bullish to the upside. The RSI is at 59 which could signal a strong run for HVCW in either direction. Considering the bullish sentiment surrounding the company, HVCW could be poised to soar in the near term. As for its share structure, HVCW has an OS of 7.7 billion and a float near 7.2 billion.
HVCW Stock Forecast
With the solar industry expected to grow at a rapid pace, HVCW appears to be one of the most promising solar stocks thanks to the company’s operations in the lucrative California market. On that note, HVCW appears to be well-positioned for further growth after signing an LOI to acquire a Texas-based solar company with $40 million in annual revenues. Given that the company now could be projecting nearly $235 million in annual revenues, HVCW stock could be one to hold onto for the long-term. Considering that the company could regain its Current status and remove its shell status soon, HVCW is one to watch closely this year as its pending catalysts could send it to new 52-week highs.
If you have questions about HVCW stock and where it could be heading next feel free to reach out to us in our free alerts room!
Disclaimer
Please visit and read our disclaimer here.
