Eguana Technologies (EGT:TSXV) raced to a new 52-week high Monday after 4.89 million shares traded hands.
Eguana topped all lithium-related issuers in Monday’s Stock Challenge trading action; the company’s shares jumped 26% to close at $0.38 per share. While not directly in the lithium or mining space, Eguana Technologies is focused on power electronics for fuel cell, photovoltaic, battery applications and storage solutions.
Eguana Technologies catches renewable energy bid
Eguana Technologies appears to have entered the renewable energy and solar revolution at precisely the right time on the TSX Venture. As early investors to lithium-related plays count their returns, some sophisticated investors are looking to the tertiary industries and sectors such as energy storage. That is where Eguana comes in as the company designs and manufactures high-performance power controls for residential and commercial energy storage systems.
The company boasts having more than 15 years’ experience delivering grid edge power electronics for fuel cell, photovoltaic and battery applications and delivers proven, durable, high-quality solutions from its high-capacity manufacturing facilities in Europe and North America.
On June 15th, Eguana announced with E-Gear the launching of a Solar+Storage Home EV Charging Solution.
Eguana Technologies announced that its customer E-Gear LLC has sold the first units of an innovative new Solar+Storage Home Electric Vehicle charging product for existing Net Metering customers in Hawaii. Below is a short excerpt:
“Using Eguana’s patented AC Battery and a dedicated PV array, the Electric Vehicle charging solution stores solar power in the batteries during the day to be used to charge the EV at night. An automatic transfer option allows EV charging to be completed using grid power on cloudy days.”
Click here to read the entire press release.
Members ‘firefly’ and ‘danno13’ climb on Eguana Technologies
Long-time members ‘firefly‘ and ‘danno13‘ outperformed on Monday trading action; however, Eguana Technologies was selected by more members than any other stock in June’s Stock Challenge.
Long-time member, sitting in 11th place and past Stock Challenge Champ ‘Frank Tabbert’ selected the company along with 14th place ‘frebeach’, 16th place another long-time member ‘supra’ and 17th place ‘danno13’.
Only one of these members shared the potential Eguana had back in December of 2015. On December 20th, 2015, Frank Tabbert posted a blog titled Getting in the GOING GREEN GAME EARLY Eguana Technologies Inc.. EGT/V. Below is an excerpt from the bottom of his post:
“Building a better battery is only part of the solution. What then? STORING POWER WHEN THE SUN IS SHINING to be utizilzed when it is not is the key here. The leader in this field still in its early stages is a little Canadian Company called Eguana Technologies Inc. EGT/V trading at 10 cents. The GREEN REVOLUTION is in its infancy and this infant has eye popping risk/reward potential. www.eguanatech.com”
Congrats Frank!
This is why the Pinnacle community exists; to share and present opportunities to our fellow members.
Eguana Technologies – 6 Month Chart
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