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.


Related Content

This page contains links to products not offered by MARKETARMOR.COM. In exchange for listing these links, we are likely to receive commission for purchases made through these links.

MARKETARMOR.COM is provided to you for informational purposes only and should not be construed as an offer to buy or sell a particular security or a solicitation of offers to buy or sell a particular security. MARKETARMOR.COM may make available certain information related to trading strategies and stock prices for educational and information purposes only; any information made available should not be construed as an endorsement, recommendation or sponsorship of any company or security.

We do not offer investment advice or advocate the purchase, holding or sale of any security or investment by any user of our materials or viewer of any of information videos. We do not provide any legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular interment, security, or informational source. By visiting this site or using the training materials, you acknowledge and agree that any reliance upon the content or data available through MARKETARMOR.COM is at your own sole risk. You are strongly advised to use your own judgment, research, and consult a professional advisor.

The information is generic in nature and not targeted to individuals or individual circumstances. We offer our opinion and not specific advice. No professional relationship is formed by visiting this site, viewing its contents, or by purchasing a specific product or service we offer. No fiduciary relationship has been established, nor will one be established at any time.

Results are not typical. Trading securities may not be suitable for all users of this information. Trading stocks and investing in the stock market is inherently risky. You can lose money trading stocks. Do not invest money you cannot afford to lose. Before deciding to trade, you should ensure that you understand the risks involved and take into account your level of experience. You should seek independent advice, if necessary. You, the visitor to this site and user of our products and services, are solely responsible for any losses, financial or otherwise, as a result of trading stocks. Under all circumstances, you, and not MARKETARMOR.COM, assume the entire cost and all risks involved with trading any stock based on any information procured herein. Any views expressed on this site were prepared based upon the information available at the time such views were expressed. Changed or additional information could cause such views to change. The contributors of this site’s information may have a financial interest in many of the stocks discussed herein.