Home Financial Markets Penny Stocks What Drove The Eurosite Power (EUSP) Stock Up 17% On Thursday?

What Drove The Eurosite Power (EUSP) Stock Up 17% On Thursday?

On the last trading day, Eurosite Power Inc (OTCPink: EUSP) closed up 17.50% to $0.0940.

Eurosite Power stock prices ranged from $0.0750 to $0.1150 during the session, and 261.62K shares were traded. An increase in EUSP stock came following the signing of two new LNG delivery agreements.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

The LNG agreements:

The cost of electricity, cooling, heat, and hot water supplied by Euro site Power to commercial and small industrial facilities is lower than charged by conventional energy suppliers, and the energy user incurs no initial start-up or capital expenditure.

Read More

In yesterday’s news, EuroSite Power announced that Blue Grid Gas and Power S.A. (“Blue Grid”) has signed two new LNG contracts for the delivery of natural gas to its customers.

  • The EUSP holds a minority interest in the Greek natural gas retailer Blue Grid, owned by the Cyprus-based FCN Energy Logistics Limited.
  • The contract is one of the first contracts was to supply 4,000 tonnes of LNG per annum to a paper mill located in Greece.
  • In early 2022, this contract is expected to start generating approximately EUR 1.8 million ($2.15 million) of revenue annually.
  • Blue Grid will also be required to develop LNG receiving facilities at the paper mill under this contract.
  • The contract is in addition to Blue Grids’ initial contract to supply 3,000 tons of LNG per year to a regional steel plant, which is expected to generate revenue of EURO 1.8 million ($2.15 million) in the second half of 2021.
  • With ELINOIL, one of Greece’s leading independent fuel suppliers and traders, a Joint Venture has been signed to develop LNG road-fuelling stations providing nationwide coverage of LNG supplies for heavy goods vehicles (trucks) and buses.
  • The new Joint Venture will operate under the trade name BlueFuel and will be the first company in the region to build such facilities.

    Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

In what ways will EUSP make a difference?

Greek companies are utilizing LNG for both industrial customers and commercial customers, proving that Euro site Power (EUSP) has exciting opportunities for the roll-out of LNG in the country. And with these contracts EUSP has been building a network of LNG-powered factories in the country.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

Smith Micro Develops Inc. (SMSI) stock soars during current market trading. Here’s to know why?

Smith Micro Develops Inc. (NASDAQ: SMSI) stock surged by 2.39% during the current market trading session. Smith Micro creates software that simplifies and improves...

Drive Shack Inc. (DS) stock soars during after-hour trading, followed by no recent update

Drive Shack Inc. (NASDAQ: DS) stock declined by 3.94% at last close while the DS stock-price surged by 7.38% in the after-hour session. Drive...

SPX Flow Inc. (FLOW) stock surged during current market. Here’s why the stock is sky-rocketing?

SPX Flow Inc. (NASDAQ: FLOW) stock gained by 24.24% in the current market trading session. SPX FLOW, based in Charlotte, works to make the...

Platinum Group Metal Ltd. (PLG) stock surges during after-market trading. Here’s to know what’s happening?

Platinum Group Metal Ltd. (NASDAQ: PLG) stock declined by 8.54% at last close whereas the PLG stock price gains by 7% in the after-market...

TD Holdings Inc. (GLG) stock gains during current market trading. Here’s the recent update

TD Holdings Inc. (NASDAQ: GLG) stock gains by 5.01% in the current market trading session. TD Holdings, Inc. is a service provider in China...

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

NeuroMetrix Inc. (NURO) stock plunged during pre-market. Let’s find out why?

NeuroMetrix Inc. (NASDAQ: NURO) stock gained by 18.89% at last close while the NURO stock price losses by -4.12% in the pre-market trading session....

Related News

What Caused The Sino United Worldwide (SUIC) Stock To Drop 50%?

In the last session, the price of Sino United Worldwide Consolidated Ltd (OTCPink: SUIC) spiraled -50.82% to $5.4000. During the session, Sino United's stock...

On What Basis Did HIRU Stock Rise 43%?

Hiru Corp stock blasted into the green at the previous close, rising 43.00% to $0.0143. Volume was 65.87 million against 30-day Average Volume...

Is There Any Reason As To Why The BIGG Digital (BBKCF) Stock Expanded By 30%?

A share of BIGG Digital Assets Inc (OTCQX: BBKCF) rose 30.78 at yesterday's close, to $1.4670. There was an increase in volume of BIGG...

Why Has The Ascot (AOTVF) Stock Price Gained 20%?

The stock of Ascot Resources Ltd (OTCQX: AOTVF) gained significantly as it increased by 20.50% to $0.8858 at last close. The Ascot stock price...

How Does The KinerjaPay (KPAY) Stock Price Increase By 454%?

The payment gateway and eCommerce company KierjaPay Corporation (OTCPink: KPAY) closed Tuesday's trading session at $0.0122, up 454.55%, and has been trading in a...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam