The solar power sector has its fair share of admirers across the world and many investors are increasingly looking for stocks from that sector. If you are looking for a stock in that sector this week then the Solar Energy Initiatives Inc stock might be the one to track.
Yesterday, the Solar Energy (OTCMKTS:SNRY) stock jumped by 20% amidst considerably interest and that resulted in the stock clocking gains of as much as 50% for the past week. However, at the same time, it is perhaps necessary to point out that there has been no news at all about the company that could have led to such gains.
In this sort of a situation, investors could consider taking a closer look at the company’s business and then make up their minds one way or another.
The company works through a range of subsidiaries and is primarily involved in selling a range of solar power products and systems to its clients which are based out of the Caribbean and the United States. Although there is no news, the recent rally in the stock suggests that there is significant interest in the Solar Energy stock and hence, investors could do well to keep an eye on it.