Short (& long) term play into ER (this Thursday before the market opens ) following the massive acquisition of Autopro that closed July 11th (Quarter ended Aug30th). Autopro is bringing 35M in revenue and 5.5M of EBITDA to Mcloud as well as a massive expansion into the oil & gas sector for Mcloud AI asset management software.
Technical analysis: MACD is looking solid, accumulation remains steady, and there is heavy support on level 2 in the 40s now. Expecting a jump over .60 soon because there are less than 350k shares for sale right now. Could go sky-high on good news.
Mcloud also just announced a new headquarters in the Middle East as well as talks with Saudi Aramco to improve their efficiency. Saudi Aramco is the state's oil refinery which just applied for their IPO filing this week if you missed it. Most profitable company in the world.
Investment highlights
mCloud is tackling the world's most challenging energy problems
Through the use of AI and analytics, we are making the world more sustainable by:
Curbing energy waste: The US Department of Energy estimates that approximately 30% of the energy consumed by commercial buildings goes to waste — US$57 billion in lost economic value every year. We reduce peak demand in buildings by up to 20%.
Reducing the cost of wind energy: 1 MW of wind energy costs US$48,000 to produce (New Energy Update, 2017). We improve profitability per MW by up to 30%.
Maximizing the lifespan of energy infrastructure: With many energy assets that simply run-to-failure, it would cost US$5 trillion to replace the aging electricity grid in the US (Rhodes, 2017). We help maintainers get ahead of problems before they become expensive to fix.
Technical analysis: MACD is looking solid, accumulation remains steady, and there is heavy support on level 2 in the 40s now. Expecting a jump over .60 soon because there are less than 350k shares for sale right now. Could go sky-high on good news.
Mcloud also just announced a new headquarters in the Middle East as well as talks with Saudi Aramco to improve their efficiency. Saudi Aramco is the state's oil refinery which just applied for their IPO filing this week if you missed it. Most profitable company in the world.
Investment highlights
mCloud is tackling the world's most challenging energy problems
Through the use of AI and analytics, we are making the world more sustainable by:
Curbing energy waste: The US Department of Energy estimates that approximately 30% of the energy consumed by commercial buildings goes to waste — US$57 billion in lost economic value every year. We reduce peak demand in buildings by up to 20%.
Reducing the cost of wind energy: 1 MW of wind energy costs US$48,000 to produce (New Energy Update, 2017). We improve profitability per MW by up to 30%.
Maximizing the lifespan of energy infrastructure: With many energy assets that simply run-to-failure, it would cost US$5 trillion to replace the aging electricity grid in the US (Rhodes, 2017). We help maintainers get ahead of problems before they become expensive to fix.
Comment:
Broke key .47 resistance. Looking for a close at or above .47 now. One full trading day before ER results.
