Acadia Energy Corporation (OTC:AECX) Stock Surges 65%: What Next?

The trading week may be ending today, but the trading activities are going to be as frenetic as ever, and many companies are going to get the attention of investors. One of the companies that could be in sharp focus today is the smart energy integration firm Acadia Energy Corporation (OTC:AECX).

Yesterday, the company hit the news cycle after it announced that it had inked a JDA (Joint Development Agreement) with the firm Alternus Clean Energy to collaborate on the development of micro-grids in upstate New York. In the news release, it was noted that the partnership would bring about a union of the considerable renewable energy development expertise of Alternus Clean Energy and Acadia Energy Corporation’s novel business model along with its pipeline of projects in the region.

It should also be noted that the company had already been successful in creating an innovative energy development model by way of which local communities could draw new businesses through the supply of low-cost renewable energy. Simultaneously, the same model also had provisions to provide the local residents with energy discounts. As a consequence, the model could be seen as beneficial for both businesses and the residents of the community.

The Chief Executive Officer of Acadia Energy Corporation, John Bay, spoke about the agreement that was signed by the company yesterday. He stated that partnering with Alternus Clean Energy would provide the company with the ability to boost its impact and also speed up the deployment of its cutting-edge micro-grid technology throughout upstate New York. It was also noted in the news release that the first phase of the projects, comprising 200 MW, would make up around $300 million in contract revenue and was already in the development stage. It may be a good time to track Acadia Energy stock.


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