Well just today, an industrial company saw its shares skyrocket following an announcement that its electric vehicle subsidiary, Tembo, had agreed to a one month extension of its exclusive heads of agreement with Cactus Acquisition Corporation I.
This sent shares of the parent company, VivoPower International PLC (Nasdaq:VVPR) soaring on Wednesday, with shares of the micro cap hitting $3.27/share (+118.00%) at the early session high. Seeing that this particular stock is so far from its 52-week high of $9.90, it’s not unreasonable to say that there is still a ton of upside!
Vivopower International PLC is a solar power company. The company provides energy infrastructure generation, distribution solutions and also engaged in the development, construction, and sale of photovoltaic(PV) solar projects. Its operating segments include Solar Development, Critical Power Services, Electric Vehicles, and Corporate Office. Most of the firm’s revenue gets generates from the Critical Power Services segment which consists of design, supply, installation, and maintenance of power and control systems. It provides its solutions to government, commercial, and industrial customers. Nearly all of the revenue derives from Australia.
Copyright © 2024 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com’s content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
View the original article on AllPennyStocks.com
]]>