Subsidiary's Solar Announcement Sent Shares Flying!

Subsidiary's Solar Announcement Sent Shares Flying!

By: Tomas Ronolski - AllPennyStocks.com News

Tuesday, April 19, 2022

A New Jersey-based micro cap turned heads Tuesday morning after the company announced that its wholly owned subsidiary and PT. IDN SOLAR TECH. (“IST”) have an agreement for the development of a 1GW per year solar manufacturing plant in the USA utilizing revolutionary technology currently being used by “IST”, according to the release. This sent shares of Sun Pacific Holding Corp (OTCPK:SNPW) flying early on in the session.

Sun Pacific Holding Corp is engaged in the business of manufacturing solar panel and lighting products. The company operates in three segments: Outdoor advertising, Construction management services, and Industrial waste management.

Traders were bullish on the news as shares quickly climbed up to $0.0129/share (+53.57%) at the early session high. This move is a breath of fresh air for long term shareholders who have been riding out this multi-month downtrend. 


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