Solar Energy Stock Shines on Revenue Surge

Solar Alliance Energy Inc. (TSXV:SOLR), a solar energy stock, moved higher after announcing record fourth-quarter revenue

Sean Mason | May 3, 2018 | SmallCapPower

A big revenue bump sparked interest in a solar energy stock Thursday. Here’s some small stocks making big moves on Thursday, May 3, 2018 (as of 4 pm EST):

Solar Alliance Energy Inc. (TSXV:SOLR), a solar energy stock, powered 17% higher to $0.07 on Thursday after announcing record fourth-quarter revenue of $2.1 million, compared with $574,103 for the previous quarter.

As well, shares of Stingray Digital Group Inc. (TSX:RAY.A) slipped 12% to $9.50 as the provider of multiplatform music and video services said it has agreed to acquire Newfoundland Capital Corporation Limited (TSX:NCC.A), with 101 radio broadcasting licences across Canada, for a purchase price of $14.75 per share in cash, or a total transaction value of approximately $506 million including the assumption of net debt.

Win Big With Our Small Cap Picks

 

Colabor Group Inc. (TSX:GCL), meanwhile, reported an 8% decline in its first-quarter sales to $245.9 million. Colabor is a distributor and wholesaler of food and non-food products. Its stock price fell 16% to $0.51 following the announcement.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

To read our full disclosure, please click on the button below: