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It is crucial for investors to diligently research to identify stocks worth monitoring. Given the vast array of stocks available, this task can often be challenging. This overview delves into five stocks that might be worth watching currently.
Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE), a global leader in the shared intelligent electric mobility ecosystem based in California, disclosed receiving a non-compliance notification from The NASDAQ Stock Market LLC, dated April 24, 2024. The notice stated that the company had not maintained the required minimum bid price of $0.10 for its securities over ten consecutive trading days, leading to a decision to delist its securities. Faraday Future announced its intention to appeal this decision by May 1, 2024.
JP 3E Holdings, Inc. (OTC: SPZI): This week, the company announced the successful acquisition of 51% of Power Engineering Corporation (PEC) from Imperial Holdings, Inc. This strategic acquisition marks a significant step forward for JP3E, positioning it for substantial growth and influence within the liquefied natural gas (LNG) sector through PEC’s advanced capabilities. Previously a fully-owned entity within Imperial Holdings Energy, Power Engineering Corporation (PEC) now stands as a subsidiary, with JP3E holding a 51% stake. Valued at more than $24 million, PEC has solidified its position with significant contracts spanning 2023, 2024, and 2025, fortifying its project portfolio.
Houston Natural Resources Corporation (OTC: HNRC), a key player in the oil and gas industry, has broadened its portfolio by acquiring Cunningham Energy LLC and part of Rhino Energy Pty Ltd. last year. An independent engineer valued Cunningham Energy’s assets at $352 million as of December 31, 2022. The company is also venturing into lithium, copper, gold, silver, and rare earth minerals. On February 14, it converted its stake in Cunningham Mining into a digital gold-backed asset token, a move seen as groundbreaking for the mining sector. CEO Frank Kristan recently discussed these developments on The Street Podcast, listen now!
Pineapple Energy Inc. (NASDAQ:PEGY): The company is scheduled to report first quarter 2024 financial results on Friday, May 10 at 8:30am ET. Pineapple is dedicated to nurturing the expansion of prominent solar, storage, and energy service firms at local and regional levels across the country. Our overarching goal is to drive the energy transition by fostering the organic growth of solar energy alongside battery storage solutions.
Halberd Corporation (OTC:HALB) two ongoing initiatives targeting the treatment and alleviation of traumatic brain injury (TBI) harmonize effectively with a recently approved bill in the U.S. House of Representatives. Spearheaded by Mark Darrah of Athena GTX and in collaboration with Halberd Corporation, alongside sponsor Rep. Zach Nunn of Iowa, the bill named the “Daniel J. Harvey and Adam Lambert Improving Servicemember Transition to Reduce Veteran Suicide Act” unanimously passed through the House.
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