SinglePoint, Inc. (CBOE: SING) shares have been soaring on Thursday, currently higher by 38% to $0.77. The move follows an update about its subsidiary Boston Solar having completeda significant solar energy project for Excel Academy Charter School’s East Boston Campus.
According to the update, the project features two rooftop-mounted systems with a combined capacity of 107.67 kW DC, expected to generate 118,984 kWh in the first year alone, appreciably reducing the school’s reliance on grid energy, strengthening its sustainability efforts while lowering operational costs.
(Click the image for an on-demand interview presentation with SinglePoint, Inc. CEO)
Singlepoint CEO, Wil Ralston, commented, “By adopting renewable energy, Excel Academy is taking a proactive step in supporting environmental responsibility, while triggering new solar interest from additional educational institutions in the region. We are grateful for Boston Solar’s ascending competitive position as we continue to strengthen our commitment to building long-term shareholder value.”
Boston Solar President, Michael Morlino, added, “This initiative exemplifies our dedication to supporting local educational institutions in achieving their sustainability objectives while reducing operational costs. When schools can lower their expenses, they can reallocate additional resources to delivering the high-quality education every student deserves.”
In addition to that announcement, Primetime Profiles dropped an interview with SinglePoint, Inc. CEO Wil Ralston. That can be found by clicking this link, which will bring you to an on-demand presentation.
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