Victory Square Technologies Inc (OTCMKTS:VSQTF) announced that Stardust Solar, its portfolio firm, has become the only coast to coast and first authorised Canadian dealer of solar and energy services provider, SunPower.
Stardust will provide SunPower solar solutions including SunPower’s DC solar panels and InvisiMount mounting hardware to residential customers. Operating since 1985 and having customer base of 360,000 homeowners, California based SunPower is one of leaders globally in solar systems. Its panels have high efficacy and highly durable with a comprehensive warranty.
Tony Garzolini, Vice President of Sales at SunPower, said that Stardust Solar is key to solar adoption in Canada and the firm is keen on facilitating homeowners go solar. The firm now has more than eight distribution channels.
CEO of Stardust Mark Tadros said that Sunpowerwill be game-changing both for homeowners as well as businesses across Canada. VST CEO Shafin Diamond Tejani said that this strategic business decision positions its portfolio firm to capture higher market share and grow manifold.
Stardust is playing a vital role in solar adoption in Canada, having certified over 2,000 solar installers across USA and Canada. Tadros further said that Solar is the future and owners of its solar equipment have the realisation that it results lot of savings and also ensure a better planet, by producing clean energy and lowering the carbon footprint.
Market Reaction:
As of 11:38, VSQTF stock jumped 7.30% at $0.4581 with more than 322k shares, compared to its average volume of 167k shares. The stock had moved within a range of $0.4350 – 0.4735 after opening the trade at $0.4350. Over the past 52-week, the stock has been trading within a range of $0.0898 – 1.0001.
 Stock Gains Momentum: How to Trade Now?){kind=link}