Massive Surge In Buying Pressure Pushes Micro Cap Higher

Sponsored:

Tuesday, June 4, 2024

An Australian-based renewable energy company absolutely dominated Tuesday’s session following an update on the company’s receipt of planning consent for Solar Methanol 1 (SM 1), a CSP-powered reference plant that will produce green fuels.

Originally released and analyzed last Friday, today’s related press release evidently got traders extra bullish on shares of Vast Renewables Limited (Nasdaq:VSTE) as the micro cap went on to close up at $4.49/share (+79.60%) on the day.

Vast Renewables Limited is an Australia-based renewable energy company. The Company is focused on concentrated solar thermal power (CSP), delivering clean, dispatchable power and heat, and green fuels. It has developed CSP systems to generate, store and dispatch carbon-free, utility-scale electricity and industrial heat, and to enable the production of green fuels. The Company’s CSP v3.0 approach to CSP utilizes a modular sodium loop to efficiently capture and convert solar heat into these end products. Its projects include VS1: Utility-Scale Reference Plant; SM1: Solar Methanol Demonstration Plant; VS2: Hybrid Commercial Plant, and others. It is developing VS1 in Port Augusta, South Australia, a 30 MW / 288 MWh CSP plant. It has a pipeline of demonstration and commercial scale plants secured and in various stages of development in sunbelt regions and countries around the world, including Australia, the United States, the Middle East, Africa and South America.

Sponsored: