Investors Skeptical on Envision Solar International, Inc. (OTCMKTS:EVSI)

Envision Solar International, Inc. (OTCMKTS:EVSI)

Envision Solar International, Inc. (OTCMKTS:EVSI) has been getting hammered over the past month – losing over 36% while the S&P 500 gained about 1%. The price action is curious given Envision’s April financial release for FY2016, which showed that the green energy company had increased revenues for the third year in a row. (Supplemental note – The company’s most recent SEC financial filing, in April, showed a quarterly improvement in revenues and a shrinking net loss figure.)

Desmond Wheatley, CEO of Envision Solar International, Inc. (OTCMKTS:EVSI) commented on the annual results “We are executing on our plan. The growth markets we address are recognizing the unique value in our products and we are seeing increased sales year after year. I believe that we are very well positioned to see increasing and accelerating growth in 2017.”

Envision Solar International, Inc. (OTCMKTS:EVSI) operates in three specific verticals – electric vehicle (EV) charging, media, branding systems, and energy security. Since the April filing, there has been a rash of good news out of the company. Envision successfully deployed its EV chargers in a Buffalo, NY nature preserve; they received a multi-year award from New York city for their EV chargers; Fresno County unveiled a county-wide EV charging program using Envision’s solar powered EV chargers; Maywood, CA deployed Envision technology; and most recently the city of Santa Monica announced that it will deploy Envision Solar International, Inc. (OTCMKTS:EVSI)’s EV ARC product to provide free EV charging as well as emergency power.

Envision has a market-cap of only $11.8 million. For such a small firm, all of this good news should have propelled its stock price, not placed it under pressure. So why has EVSI lost over a third of its share value in a stable market? No news exists that could justify a lower valuation. This is definitely a green energy stock that deserves close, and constant, attention as new information could confirm either a logical explanation for the lower valuation, or a buying opportunity.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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About the author: Monica has an undergraduate degree in Accounting and an MBA she earned – with Honors. She has six years of experience in the financial markets and has been an analyst for the past two years.