One of the OTC Markets listed companies that could come into focus among investors over the course of the coming days is Mass Megawatts (OTC:MMMW) and it may be a good move for investors to take a closer look.

Market Action

On Monday, MMMW stock fell 4.36% to $0.0143 with 529K shares, compared to its average volume of 319K shares. The stock moved within a range of $0.0131 – 0.0145 after opening trade at $0.0145.

Last week, the company made a major new announcement that could have long-term ramifications. Back on October 17, the company was in the news after it announced that it had gone into a partnership with installsolarnow.com.

By way of this partnership, Mass Megawatts is going to be involved in bringing low-cost solar projects to as many as 19 states in the United States. Some of the states which are going to be targeted include Virginia, California, New Mexico, Illinois, North Carolina, and Maryland among others.

The importance of the partnership lies in the fact that Mass Megawatts is going to get hold of the best possible solar equipment in the market at the best prices. In addition to that, the states have also been carefully selected since the solar projects in many of the states are going to qualify for 100% financing.

The company noted that it would be possible for it to provide the customers with a customized proposal and come up with the best possible plans to suit their needs.

On the other hand, the company recently announced that it had been successful in improving its solar power output by as much as 20%. That came not too long after it had previously announced that it had boosted its power output by as much as 37%. Hence, it can be said that Mass Megawatts is moving in the right direction with regard to its output and it now remains to be seen if the stock comes on to the radars of investors or not.

Traders Note

MMMW stock is trading below the 20-Day and 50-Day Moving averages of $0.0164 and $0.0218 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0289.

By Nitin Harlalka

I am Nitin Harlalka, and I have been a passionate writer for close to a decade. I have a graduate degree in Economics and have worked as a business writer for a range of publications. Over the past couple of years, I have also started working on emerging industries like the cannabis industry and blockchain.

Leave a Reply

Your email address will not be published.