WindStream Technologies Inc (OTC BB: WSTI), a renewable energy equipment company, is today’s top stock that powered higher posting new highs with strong share price momentum after entering into several new partnership agreements to expand its reach globally. The company’s shares climbed over 9% during the last two consecutive trading days with significant number of shares exchanging hands. During the last trading session, WSTI was among the top gainers in the U.S. industrial sector after gaining 9.5% and ended at its 52-week high of $1.85 while recording impressive volumes of 1.3 million shares. During the last 5-trading sessions, WSTI gained 65.2% with 5-day average trading volumes of 1.2 million shares, while the stock accumulated over 85% in the past one month with 30-day average volumes of 207,305 shares. The stock has rallied over 184% year-to-date.
The stock gained momentum after WSTI announced several new partnership agreements expanding its reach into new territories and providing clean energy solutions to over 257 million peoples living beyond the reach of an available power grid. The new distributors include Meytek Group in Turkey, Key City Trading from the Netherlands, B.E.S.T. Ltd. in New Zealand, Suka Wind & Solar Ltd. in Ghana, Senan Liberia, Inc. in Liberia, Africa Energy Limited in Kenya and Viza Networks Limited in Tanzania. The company expects that these agreements will improve the revenues significantly. Moreover, the Jamaica Public Service Co., Jamaica’s national utility company, has made another purchase order totaling $8.1 million in addition to its previous order of $14.5 million.
Company Description:
WindStream Technologies Inc (OTC BB: WSTI) designs, tests and manufactures renewable energy technologies. The company produces products that utilize wind and solar power to generate energy.
1-Year Stock Chart:
Source: Bloomberg
