The share price of Solar Alliance Energy Inc (OTCPINK:SAENF) jumped 24.6% to $0.1662 yesterday. In contrast to its average weekly volume of 59.75K, the SAENF stock volume was 229.31K. A new business agreement caused SAENF stock to surge.
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What agreements has SAENF signed?
Providing solutions for residential, commercial, and industrial solar energy installation, Solar Alliance is an energy solutions provider. SAENF has a growing pipeline of solar projects in Tennessee, Kentucky, North and South Carolina, and Illinois. SAENF has developed renewable energy projects totaling $1 billion that can power 150,000 homes since being founded in 2003.
It is SAENF’s passion to improve life by maximizing freedom of choice, simplicity and creativity. SAENF is able to reduce or eliminate customers’ vulnerability to rising energy costs; it also provides a clean, environmentally friendly source of energy, which is affordable and turnkey.
According to Solar Alliance, it is constructing a 526-kilowatt (“kW”) solar system in Tennessee. Project design, engineering, and installation will be handled by SAENF starting this month. Construction is slated for completion by the end of 2021.
- As that organization grows and introduces solar energy to businesses throughout the US Southeast, this is one of its biggest projects to date.
- SAENF targets large commercial and utility scale projects as part of its sales pipeline.
- Now, as SAENF pursues its pipeline of large projects, the benefits of this strategy are beginning to emerge.
- Furthermore, SAENF continues to generate revenue from smaller, residential and commercial projects in its sale and installation pipeline along with this large project.
- These two revenue streams will continue to drive the Company’s growth in direct third-party sales as well as generating long-term, recurring revenue from projects it owns and operates.
Earlier this month, Solar Alliance inked a contract for 115 kilowatts (“kW”) of solar installation at Todd County Pallets. In addition to supplying low cost, renewable energy to Todd County Pallets, this is the first project that has been signed since SAENF and Boyd CAT entered into their Joint Development Agreement.
SAENF is pursuing quality projects like Todd County Pallets with Boyd CAT, further solidifying its position as a leader in solar in Kentucky. The SAENF and Boyd CAT teams have been building a strong sales pipeline since SAENF and Boyd CAT signed the joint development agreement. This is the first of many projects that we anticipate signing in the coming months.
SAENF also leased office space:
Solar Alliance (SAENF) has leased an office in Louisville, Kentucky, to expand its presence in the state. SAENF’s move to open an office in Louisville will enable the organization to collaborate closely with Boyd CAT and will also help both companies become more efficient as they continue to grow in Kentucky.
