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American Superconductor Corporation (NASDAQ:AMSC), (ATIF) - 12 Industrials Stocks Moving In Wednesday s After-Market Session
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(ATIF), FuelCell Energy, Inc (NASDAQ:FCEL) - 11 Industrials Stocks Moving In Tuesday s After-Market Session
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Author Bio
Travis Hoium has been writing for fool.com since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things. Follow @TravisHoium
What happened
Shares of
Orbital Energy Group (NASDAQ:OEG) jumped as much as 37.1% in trading Tuesday after the company announced a new partnership. Shares were up 16.9% at 3:25 p.m. EST.
So what
Orbital announced an engineering, procurement, and construction (EPC) agreement with the newly formed Black Sunrise Half Century Fund. The fund is decommissioning coal-fired power plants across the U.S. and converting them to solar energy. Management expects the partnership to begin providing services in the second quarter of 2021.
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Orbital Energy Group, Inc., has announced that its wholly-owned subsidiary, Orbital Solar Services (OSS), a leader in utility-scale solar power generation facilities, has been named the engineering, procurement, and construction (EPC) company ‘of choice’ for the newly-formed Black Sunrise Half Century Fund (BSF).
As announced by Akon last Wednesday at President Biden’s ‘Clean Energy for America’ Inaugural Ball (Clean Energy Ball), OSS is partnering with Akon, Akon Lighting America, and BSF to decommission coal-fired power plants throughout the US and convert them into utility-scale solar energy farms. OSS is responsible for providing full EPC services for these solar facilities, beginning in the 2Q2021.
1/25/2021 7:40:07 PM GMT
Toward the end of trading Monday, the Dow traded down 0.25% to 30,918.27 while the NASDAQ rose 0.37% to 13,593.25. The S&P also rose, gaining 0.17% to 3,847.82.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 25,127,570 cases with around 419,220 deaths. India confirmed a total of at least 10,667,730 confirmed cases and 153,470 deaths, while Brazil reported over 8,844,570 COVID-19 cases with 217,030 deaths. In total, there were at least 99,245,800 cases of COVID-19 worldwide with over 2,130,650 deaths, according to data compiled by Johns Hopkins University.
Leading and Lagging Sectors
Utilities shares gained by 1.7% on Monday. Meanwhile, top gainers in the sector included VivoPower International PLC VVPR 24.71%, up 25%, and Just Energy Group Inc JE 17.99%, up 20%.
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