TGI Solar Power Group Inc. (OTC:TSPG) Stock On Radar After Strategic Solar Funding Agreement

Following a significant new announcement from the company on Thursday, TGI Solar Power Group Inc. (OTC:TSPG) came into sharp focus among investors. It could be the stock to watch this morning as a consequence.

TGI Solar Power Group Inc. Signs Strategic Solar Funding Agreement with Eco-Smart, Inc.

The real estate development holding company announced yesterday that it had gone into an agreement with Eco Smart Inc. in order to expand the reach of its latest solar farm-related projects. In the news release, the company noted that the move was also a demonstration of its commitment to not only its innovative sustainable energy solutions but also its shareholders.

Key Details

TGI Solar Power further noted that it was looking to establish a number of Solar Farm locations with the aim of producing considerable revenues both in the domestic market as well as in the worldwide market. The projects would range from 1 to 10 megawatts.

At a time when the company would start looking into a number of locations for its solar farms, Eco Smart would be responsible for reviewing the range of financing sources that would support TGI Solar Power’s projects. The company went on to note that the inclusion of Eco Smart in the process would help TGI Solar Power in emerging as a highly respected and well-regarded national and international name in the space.

CEO Quote

Samuel Epstein, COO, comments, “I personally thank our patient shareholders who have steadfastly maintained their relationship with TGI despite market volatility and fluctuations in TGI common shares. The 2024–25 period, with Eco-Smart, holds great potential to be a transformative phase for TGI. We are progressing and have exciting new developments on the horizon, so stay tuned!

Technicals

+/- EMA(20)	0.0013 (+0.00%)
+/- SMA(50)	0.0015 (-13.33%)
+/- SMA(200)	0.0016 (-18.75%)