Harbinger Research Publishes New Research Report on Correlate Energy Corp., a Rapidly Growing Provider of Sustainable Energy Solutions Based on Solar Generation and Battery Storage Systems

Prepared by Brian R. Connell, CFA, the report offers an in-depth explanation of the Company's business, industry, and growth opportunities and an analysis of its shares' potential future value.

ATLANTA, GA / ACCESSWIRE / October 31, 2023 / Harbinger Research, LLC an independent equity research firm with a focus on the small cap and microcap sectors, announced today that it has published a new research report on Correlate Energy Corp. (OTCQB:CIPI), a growth-oriented clean distributed energy company that is focused on providing localized solar power generation, energy storage, and charging solutions for electric vehicles (EVs). CIPI plans to offer these solutions to commercial, industrial, and residential customers nationwide.

The report includes a valuation analysis, four-year financial forecast model, and future value estimate of the Company and its shares.

To access the research report, please visit the Harbinger Research website at: https://d1io3yog0oux5.cloudfront.net/harbingerresearch/media/7c2f9683a ...

Leadership Team Focused on Organic Growth and Targeted Acquisitions

Brian Connell, CFA and Senior Research Analyst stated in the report that "Correlate Energy is a forward-thinking organization focused on net-zero with the team, strategy, and plan to become a major player in commercial and industrial (C&I) and residential solar power and energy storage.

"While their current operations are focused on generating strong cash flow by developing new commercial solar projects through to the construction phase, in parallel they have been aggressively developing their competence in complex financing, institutional caliber audits, and in sourcing and executing attractive merger and acquisition opportunities."

Correlate's Future Valuation is Driven by Strong and Likely Accelerating Revenue Growth.

"At the Company's investor summit in October 2023, management shared the Company's total pipeline was $532M, based on projects the Company already has in various stages of development, with $22M in construction, and $52M late stages of development. Based on this, 2024 organic revenues in the range of $45 million to $60 million are possible, based on projects in the pipeline that have not yet been finalized, adjusted for risks like utility interconnection "waitlists" that are outside of the Company's control. We believe these numbers indicate that the Company has been increasingly successful in winning and executing its organic growth strategy, a trend that we believe is likely to continue."