Home Financial Markets Penny Stocks How Has The Eurosite Power (EUSP) Stock Risen 110%?

How Has The Eurosite Power (EUSP) Stock Risen 110%?

Having traded in a range of $0.1000 and $0.0390 for the weekend session, shares of Eurosite Power Inc (OTCPK: EUSP) gained 110.75% on Friday to conclude the trading at $0.0980. During the last month, Euro site Power stock increase by more than 32.61 %; with an average volume of EUSP stock for the month well over 153.85K shares. The last session’s surge in the EUSP stock was triggered by news of its financial results scheduled to be released this Thursday.

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The EuroSite Power specializes in On-Site Utility services for hotels, healthcare facilities, housing markets, and other facilities. The On-Site Utility offering from EuroSite Power Inc. provides institutional, commercial, and small industrial facilities with clean, reliable power, cooling, heat, and hot water. These offerings are at a lower cost than is usually charged by conventional energy suppliers and that too without any capital outlay or start-up costs for consumers.

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As the market opens Thursday, March 25, 2021, EuroSite Power will announce financial results for its fiscal year ending December 31, 2020, announced the EUSP on Friday. This earnings release will be available on the “News Releases” page of the Company’s website.

Moreover, EUSP reported last week that the last of five CHP systems that it had contracted with the Club Company had recently been installed. A total of 390kW will be added to the company’s fleet of generation assets at the five sites in the UK.

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What the EUSP will be getting?

A total of about £5 million ($7 million) in lifetime revenue will be provided to EuroSite Power (EUSP), giving it a UK portfolio of about 48 operational systems. Added to this, these units total 6,012kW of electrical capacity, bringing the total revenue of EUSP to $74.7 (US$103.85) million.

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