Took a position in ZNGY today. I like the space they are in, and they are growing rapidly.
ZENERGY BRANDS, Inc. basically assists hotels and other commercial entities achieve energy savings, through retrofitting lighting, HVAC and other systems, which is a hot business with a lot of opportunity. I think the stock has been down over the last 1-2 years, for reasons related to politics, but this business does not need subsidies from EPA/DOE to succeed. They can make big $$ by simply running the business. They just acquired a Retail Energy Provider, and said this about it:
With this strategic acquisition, Zenergy adds an essential complementary service to its suite of smart energy products and services, this time a reputable, fully operating, licensed REP, thereby further increasing the firm’s value proposition.
Rodriguez added, “Since our founding, our vision has been to converge smart controls (home and building automation) with energy conservation and retail energy to deliver the comprehensive smart energy service to customers. With this acquisition now complete, we are fully equipped to fulfill all aspects of that mandate, which is a development that our shareholders should be excited about.”
Zenergy Chairman, Byron Young, said, “The closing on the Enertrade REP Acquisition is a major milestone for Zenergy because we believe that the combination of the REP and Zero Cost services offered as a commercial package may create a very strong, low churn, highly valuable book of business. Moreover, we will be able to offer traditional residential and business electricity services.”
ZNGY at .085 or below is a buy, IMO
