While some investors and traders alike may glance at shares of 3Power Energy Group Inc (OTCMKTS:PSPW) and wonder how a stock like this can trade within a range of $0.01 and $0.06 for nearly 3 years, with pretty much no official news, yet remain fairly stable, others have seen this period as an opportunity. Shares of 3Power Energy Group Inc (OTCMKTS:PSPW) have closed the year out strong, and unless you have been following the stock for years, you likely wouldn’t have a clue as to why.
3Power Energy Group Inc (OTCMKTS:PSPW) is all about green energy, and with the world investing billions upon billions of dollars in solar, hydro and wind power over the coming decade, a Dubai-based company called Falak Holding Group appears to be using 3Power Energy as a holdings company in order to explore, invest in and proft from multiple sources of clean, green energy. While news has certainly been scarce, it is clear that the Falak Holdings Group and related entities, who own over 115 million shares (a majority) of the company have something big planned for 3Power Energy Group Inc (OTCMKTS:PSPW). That something big appears to be hydro power plants throughout Albania, particularly along the Shala River. While deals have been in the works, and political hurdles are avoided, it now appears as if 3Power is closer than ever to securing the fund necessary to move forward with a plan that’s been over three years in the making. While the last three years have been anything but exciting for the company and its shareholder, 2016 appears to be the year where everything may finally fall into place. We will be covering this stock over the course of 2016 as new tidbits of information regarding 3Power Energy Group Inc (OTCMKTS:PSPW) are revealed.
The stock increased 37.50% or $0.015 on December 31, hitting $0.055. About 82,470 shares traded hands or up 220.73% from the average. PSPW has risen 50.00% since May 29, 2015 and is currently uptrending. It has outperformed the S&P500 by 53.01%.
3Power Energy Group, Inc. is a development-stage company. The company has a market cap of $13.75 million. The principal planned business of Company is to sell electricity generated by solar, wind, hydro, biomass and other renewable energy resources and to develop, build and operate power plants based on these technologies. It currently has negative earnings. The core approach of the Company’s planned business is to deliver energy in markets where there is an inherent energy gap between supply and demand or where there exists 1 term, stable, government-backed financial support for the development of renewable energy.
–Brian Krassenstein Currently Owns Shares of 3Power Energy Group Inc (OTCMKTS:PSPW)