Revolve Renewable Vitality Is A Stock To Look At, This Analyst Says

Beacon Securities analyst Kirk Wilson acknowledged in an Oct. 14 Watchlist Report that Revolve Renewable Vitality (Revolve Stock Quote, Chart, Info, Analysts, Financials TSXV:REVV) is “in the very best place on the right time,” with rising electrical vitality demand all through North America anticipated to drive sturdy growth in renewables.

“Normal demand is forecast to develop between 16% and 25% in Canada, the U.S., and Mexico by 2030, pushed by information services, electrical cars and setting up electrification,” Wilson acknowledged. “With renewables anticipated to increase their share of that present, REVV is properly positioned.”

Revolve owns and operates a mix of run-of-river, wind, and photograph voltaic duties in Canada, the U.S. and Mexico, producing 12 MW of current manufacturing from two hydro vegetation in British Columbia, one wind problem in Alberta, and a photograph voltaic facility in Mexico.

Fiscal 2024 revenue reached C$9.1-million with a 96% gross margin, whereas the most recent quarter (FQ3/25, ended March 2025) delivered C$4.3-million in revenue.

Wilson acknowledged near-term progress may double manufacturing by year-end 2026 by the use of the Vivid Meadows Photograph voltaic Enterprise, a 15.7-MW facility permitted by the Alberta authorities. As quickly as operational, it should vitality over 3,700 homes and generate annual EBITDA of C$2.5–2.8-million at margins above 85%, rising full output to roughly 28 MW. A second doubling may observe by year-end 2027 with a 30-MW mid-stage photograph voltaic problem in southern Alberta, which obtained provincial approval on Sept. 15, 2025. Development is anticipated to cost about C$40-million, with constructing slated for early 2027, funded by the use of debt, equity, and funding tax credit score. The problem’s EBITDA is projected at C$3.8–4.2-million at a 70% margin, bringing full manufacturing to ~58 MW.

Wilson moreover highlighted US$45-million-plus in deferred revenue anticipated from Revolve’s 2023 sale of 1.25 GW of photograph voltaic and BESS duties to ENGIE, from which the company has already obtained US$6.2-million. Two remaining milestone funds, tied to constructing start and commissioning, may ship higher than twice Revolve’s current enterprise price inside one to three years.

Revolve’s 3-GW progress portfolio offers diversification all through big, mid-size, and distributed belongings all by North America. The company expects to advertise its El 24 and Presa Nueva wind duties in Mexico (530 MW combined) in 2026 for roughly US$22-million, primarily based totally on unit valuations similar to the 2023 ENGIE deal.

Wilson acknowledged that investor urge for meals for small-cap renewable builders stays sturdy, citing UGE Worldwide’s August 2024 acquisition at 125× EV/revenue and Synex’s March 2025 sale at 8.4× EV/revenue and 38.1× EV/EBITDA, underscoring the premium being paid for prime quality renewable portfolios.

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