Solar Company Gets Major Lift On Tuesday

A Toronto-based solar tech company made major waves on Tuesday after it was announced that the company has filed its unaudited financial results for the three- and nine-month period ended September 30, 2023, and that it has achieved its first profitable quarter in the company’s commercial solar history. According to the release, the Q3 net income was just over $975,000.

Shares of Solar Alliance Energy Inc. (TSXV:SOLR) went flying on Tuesday, with the micro cap closing up at $0.055/share (+37.50%) on the day. This move could be an indication of things to come and is a breath of fresh air for long term shareholders that have been riding this multi-month downtrend. 

Solar Alliance Energy Inc is an energy solution provider. It is mainly focused on residential, commercial, and industrial solar installations. The company operates in two geographical markets – the United States and Canada. The United States contributes majority of the total revenue.

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