Home Financial Markets Penny Stocks Why Did The 7% Rise In Ozop Energy Solutions (OZSC) Stock Occur?

Why Did The 7% Rise In Ozop Energy Solutions (OZSC) Stock Occur?

In the last trading day, OZOP Surgical Corp. (OTC: OZSC) was up 6.99 percent to close at $0.3550 and has been trading within a $0.3350 to $0.3967 range. With the average volume for the month of over 330.22M shares, OZSC shares rallied over 1060.13% in the last month. On average, OZSC saw gains of over 5816.67% in the three months to February, while the stock’s volume averaged 200.93M. Past 12-months were also good for the stock since the stock reached a $1.159 billion market cap with a 26.79% gain in the stock price.

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Ozop Energy Solutions develop, manufactures, and distribute ultra-high-power chargers, power supplies, and inverters used in the military, aviation ground support, naval sector, heavy other industries. With its strategic growth, the company plans to capture a fair share of the renewable energy market by providing infrastructure and assets for energy storage.

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Recent developments:

On Tuesday, OZSC announced the hiring of a new executive for its subsidiary organization as Mr. Ian Graham joined Ozop Energy Solutions’ subsidiary Ozop Energy Systems, Inc. as its new Consulting Engineer.

  • With a long record of experience, Ian Graham brings a wealth of knowledge in the fields of microgrids, large-scale wind energy farms, solar mega-projects, and battery storage.
  • During his first three years in the sector, he developed and built microgrids utilizing diesel, wind, natural gas, and battery storage.
  • Then he worked as an Owner’s Engineer on utility projects in the United States for 4 years on providing solutions to problems in the wind industry.
  • During the next phase, his focus was on product and project development for battery storage.
  • The company earlier this month revealed that its subsidiary has entered into an agreement with Bical Auto Mall, the largest dealership in the NY metropolitan area.
  • As part of the agreement, Ozop will sell its chargers through Bical’s facilities as those are the larger platform to sell and purchase EV chargers from.
  • Initial order of 80K was for 4 EV chargers for 2 locations for Bical and Ozop. The two companies have come to a vendor agreement that lets Bical and Ozop resell the products to the LMA’s 300 additional dealerships in New York.

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