Streetbeat News

MXGFF

Maxim Power Corp

https://www.maximpowercorp.com/

CEO

M. Bruce Chernoff

Industry

Hydroelectric Power Generation

Open

3.60

Mkt cap

182M

Volume

500

High

3.60

P/E Ratio

7.20

52-wk high

3.91

Low

3.60

Div yield

0.10

52-wk low

2.77

Maxim Power is transitioning to a 300 MW CCGT plant with a $300 million investment, positioning it for strong future cash flow. The company is undervalued, trading at about 50% of its replacement cost, with a clean balance sheet and minimal debt. Management's significant ownership and recent dividend announcement highlight a commitment to shareholder value.

Portfolio Pulse from

November 11, 2024 | 1:30 am

M. Bruce Chernoff, through Alpine Capital Corp., has acquired 6,542,928 common shares of Maxim Power Corp., representing 12.9% of the company, by converting a $14.7 million loan into shares at $2.25 per share.

Portfolio Pulse from

November 08, 2024 | 4:00 am

W. Brett Wilson, through Prairie Merchant Corporation, has acquired 6,540,807 common shares of Maxim Power Corp. by converting a loan into equity, now holding 12.9% of the company.

Portfolio Pulse from

November 08, 2024 | 4:00 am

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