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Recap: Orbital Energy Group Q4 Earnings
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Orbital Energy Group Reports Fourth Quarter and Full Year 2020 Financial Results
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HOUSTON, March 16, 2021 /PRNewswire/ Orbital Energy Group, Inc. (Nasdaq: OEG) ( Orbital Energy or the Company ) today announced that it will hold a conference call to discuss financial results for the fourth quarter and full year ended December 31, 2020 before market open on Tuesday, March 30, 2021.
Orbital Energy Vice Chairman and CEO Jim O Neil and CFO Daniel Ford will host the call. The conference call and webcast will be held, Tuesday, March 30, 2021, at 8:30 am ET. To access the call, please dial (888) 734-0328 or (678) 894-3054 and provide conference ID 5593249. A live webcast of the conference call and accompanying slide presentation can be accessed via the Investor Relations/Events & Presentations section of the Orbital Energy website.
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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.
Orbital Energy Group s Subsidiary, Orbital Solar Services, Partners with Black Sunrise Half Century Fund and Akon Lighting America as exclusive EPC for North American Solar Projects
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HOUSTON, Jan. 25, 2021 /PRNewswire/ Orbital Energy Group, Inc. (NASDAQ: OEG), today 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.
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 (Akon Lighting), and the Black Sunrise Half Century Fund to decommission coal-fired power plants throughout the United States and convert them into utility-scale solar energy farms. OSS is responsible for providing
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