Blue Sphere Corporation BLSP
At closeNov 10, 2026, 4:00 PM EST
- YTD
- +200.00%
- 1 year
- +200.00%
Discussion (120)
Sign in to join the discussion
Buy this dip!!!!
This company is 100% Legit!!! If you have any questions regarding #BLSP read the following link. Also, they will be releasing financials next month!!!
Ready to buy at ANY dip in the morning. This company is 100% legit. Do your research and enjoy the rewards.
Hold for a few months and enjoy the rewards! Don’t panic at any dips. Below will answer any questions you might have #BLSP
They got most weak hands out today. Price target for the very near future is $0.08-0.15
Good luck to all!
This will answer all questions about #BLSP
Must Read - answers all question you may have about #BLSP
$BLSP - substantive, independent analysis
Warning: Long Post. TLDR Version: ?? ??
I have seen a lot of regurgitated DD material for BLSP – no offense to anyone trying to post what they’ve found – together with a lot of misinformation and misunderstanding about the business world. In the interest of full disclosure I owned 500,000 shares at one point and, after bailing early at a loss to focus on other investments, bought back in with 75,000 shares after taking a closer look at BLSP. What follows is my perspective on the company (both the good and the bad attributes) so you can make your own informed decision. Personally, I am bullish and in it for the longer term.
Corporate Website:
Yes, the website is old and out-of-date. There are indeed people listed that no longer work at the firm. On the other hand some stakeholders and board members that do work for the company are not listed. This is disappointing for a global company but not a red flag for me. I used to work at Anderson & Anderson, LLP – a major law firm in China with offices throughout Southeast Asia. Google their managing partner, David Buxbaum, and you’ll find a storied history about the man. He still works at the firm and their offices are all still operational yet many of the people appearing on their website are no longer employed the firm. The reason is simple: Buxbaum is more focused on doing business than on updating his website (and candidly at his age he likely has no interest in learning to manage it). I see BLSP’s CEO, Shlomi Palas, in the same light: both are older businessmen, both with strong ties to Israel, and both have out-of-date websites. Takeaway: if you are judging business based solely on their website prepare to be burned. It is far easier to build a flashy website for a non-existent business than it is to build a legitimate business while not devoting resources to regular website updates.
Corporate Projects:
As you’ve likely seen from other posts BLSP, along with their subsidiaries, have developed a number of projects throughout the US, Italy, and Europe. Power generation facilities are complicated multi-year development projects that take forever to clear regulatory hurdles and develop financial underwriting structures. Most of the focus has been on the Sterksel Project in the Netherlands. Anaergia was tapped by BluesSphere to construct the project in 2017, just to give some perspective on the multi-year development cycle on these projects (Anaergia release). In 2017 the project qualified for clean energy grants totaling $178,781,149 over 12 years to sell renewable gas to Rijksdienst voor Ondernemend Nederland. Fast-forward to 2019: additional partnerships with PitPoint Clean Fuels and Gas Terra B.V. were announced for off-take agreements further improving financial underwriting for the project with projected revenues increasing to more than $20 million per year (Project Financing). The Sterksel Project is finally nearing completion this quarter and will go live shortly thereafter. This means we should start to see revenue generation by Q2/Q3 of this year.
Interestingly, adjusted EBIDTA for the project was estimated at $85,674,588 over the life of the project (https://apnews.com/press-release/pr-accesswire/54b13 ). Since Blue Sphere retains a 60% ownership stake in the project that means Blue Sphere stands to see over $51 million in adjusted EBIDTA over the planned project lifecycle, and that’s only for this one stand-alone project. From a valuation perspective many company’s trade in the M&A world at a multiple of their EBITDA. It’s entirely reasonable to assign an EBITDA multiple of say 10x to BlueSphere or potentially higher if you consider the cutting edge/in-demand nature of their work (EBITDA multiples by industry).
Now, you may say “but wait, I haven’t heard about other projects yet and nobody wants to comment on the Sterskel Project either”. Clearly, my friends, you’ve never heard of an NDA – the most common form in business (i.e. a Non-Disclosure Agreement). I have personally been involved in over 12 projects comprising more than 6 million square feet of industrial development across the US in the last few years and you know how many of those projects were discussed in detail prior to completion: none, not a single one. And for good reason too: you don't want project details to leak to competitors. Everyone involved was asked to sign NDA’s and in the realm of clean energy development I would expect nothing less. In fact, failure to include that level of stringency and project secrecy would be negligent on the part of the project management team. Unfortunately, this means that you likely won’t hear about other Blue Sphere projects until those deals are inked or under construction, but that doesn’t mean new projects aren’t taking root.
Corporate Composition & Office:
This is where I think a lot of people get tripped up saying, for example: “well, Beth Clark is listed on their website but she doesn’t work there now so it must be a sham.” You’re right: Beth doesn’t work there now, but she did until the end of 2019 just before the Covid pandemic struck (https://www.linkedin.com/in/bethanneclark/). If you dig a bit deeper you can find information on current team members by going to the Nevada Secretary of State’s office, where BlueSphere is organized and incorporated, and do a records search. There you’ll find a listing of officers and directors, including the renowned David Doctor who is a member of the board (https://www.linkedin.com/in/david-doctor-9840b715/) There is also board member Yigal Brosh (https://www.linkedin.com/in/yigal-brosh-b619aa39/?originalSubdomain=il). Neither of these men are referenced on the Blue Sphere website but both are, by their own admission, still active members of the Board.
The same flawed logic with regard to employees is being applied to their regional office in Charlotte: “oh my god I called and only a receptionist answered”. News flash: most people are working from home and not in an office during this pandemic. Moreover, that building is an executive office managed by Regus which contains a multitude of independent businesses/tenancies. There isn’t going to be exterior signage unless a special agreement is brokered or a hefty sum is paid for signage rights, both of which are unnecessary for a small local team in my professional opinion. Interestingly everyone overlooks the secondary location they acquired in Charlotte as part of their acquisition of Orbit Energy: https://pitchbook.com/profiles/company/163311-31#overview
Final thoughts:
Personal opinion, based on circumstantial evidence, is that the NC project got off the ground and staffing at the Charlotte office was curtailed as a result. Then the pandemic struck and Shlomi went back to Israel to be with his family, where he has remained as a result of the prolonged pandemic. The Sterskel Project is going live this year and revenues will skyrocket. As we push toward green energy/renewables the type of consulting/project advisory and management expertise Blue Sphere offers will be in high demand. I fully expect this company to be making waves over the next 5 years. Lastly, with respect to present valuation I disagree with $20/share as the target price by end of year as that would place a $120 billion valuation on the company. A $1 share price isn’t wholly unrealistic ($6 billion valuation), but I personally see a more realistic valuation as $0.10 - $0.25 absent any new revenue streams or projects (which I do think will be forthcoming in the not-to-distant future). At the current share price of $0.02 I think there is plenty of growth opportunity but these are my own forward-looking sentiments and should not be relied upon as financial advice nor as a guarantee regarding future company performance. The stock market is fickle and you should only invest after doing your own DD. That said, here are some obligatory rocket ships!
????????????????????????
HOLD LONG
Don’t be worried about day to day fluctuations. Hold for a few weeks/months and enjoy the rewards.
HOLD YOUR SHARES