Green Stream Holdings Inc (OTCMKTS:GSFI) Stock Down 16% in a Week

Up and coming solar energy and financing company Green Stream Holdings Inc (OTCMKTS:GSFI) has seen its stock go into a downward spiral over the course of the past week or so.

During that period, the stock has actually tanked by as much as 16% and in this situation, it is perhaps important for investors to figure out if it might be an opportunity to get into the Green Stream stock. Yesterday, the company made a major announcement which could prove to be interesting for many investors. The company announced yesterday that it decided to launch its plan by way of which micro grids could be created in urban zones by way of solar green houses.

While it is true that it is an ambitious project, it is likely that investors are going to look into the whole thing a bit more closely before deciding on a course of action.

However, James DiPrima, the Chief Executive Officer of Green Stream, did lay out the rationale of this project. He stated that the company is going to be focussing on urban areas with high energy costs and then use its footprint to deploy the resources that might be available in the open like on roof tops or on canopies.

Market Reaction:

On Thursday, GSFI stock fell 2% at $0.0470 with more than 2.23 million shares, compared to its average volume of 1.46 million shares. The stock has moved within a range of $0.0460 – 0.0600 after opening the trade at $0.060. Over the past 52-week, the stock has been trading within a range of $0.0378 – 0.3564.