CleanSpark (CLSK)

Jun 14, 2021Trade Ideas

With California’s fire season approaching, power grid issues, and hurricane season underway, we’re likely to see even more power outages this summer. Along the way, it could fuel bigger demand for microgrids. In fact, “Growing interest in microgids is now forcing utilities and regulators to rethink how the grid of the future will be designed and operated. The recent increase in natural and human-triggered threats like wildfires and severe storms has added urgency to microgrid development,” as reported by Utility Dive.

One way to trade that increased microgrid demand is with CleanSpark (CLSK), which has a suite of software solutions that provides end-to-end microgrid energy modeling, energy market communications, and energy management solutions.

At the moment, CLSK is oversold, consolidating around $18.26. From here, we’d like to see it closer to its prior high of $42 a share, especially with microgrid demand on the rise.


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