Nowadays, the green energy sector is in significant focus among many investors as well as institutions due to the policy push in that direction from many governments. One of the companies that could be worth looking into this week is NewHydrogen Inc (OTCMKTS:NEWH) due to the sort of gains its stock has clocked over the course of the past week.
Yesterday, the stock clocked gains of 35% as investors piled on to it in a big way and that took its gains for the past week to as much as 65%. Although it is true that there has been no news about NewHydrogen in recent weeks, it could be the right time to take a look at a key announcement from the company back in July.
The Chief Operating Officer of the company Spencer Hall stated that NewHydrogen made considerable progress with regards to its target of developing certain technologies that could reduce the actual costs of producing green hydrogen.
However, he went on to state that the success of the company is going to be dependent on two specific factors. One of those is the development of the right technology and the other is the ability to strike up the right partnerships.