Anyone who might be interested in energy stocks today could consider taking a look at the Principal Solar Inc (OTCMKTS:PSWW) stock. Perhaps the most important aspect of the company is the fact that it is significantly diversified and hence, could offer a lot of value in the long run.
The company is involved in providing support to a wide range of new-age opportunities in the energy sector. Hence, it is involved in both the clean energy and renewable energy sectors. It is also involved in the traditional energy sector and at this point in time, it is involved in acquiring as well as operating petroleum-producing properties that may be undervalued.
In this context, investors ought to keep in mind that the company also looks for strategic investment opportunities in technologies and companies which may be involved in new age opportunities in the specific niches of the energy industry in which it is involved.
There has been no news about the company this month so far but back on February 24 it had come into focus after it made a key announcement. At the time, the company announced that it had finally managed to close its Regulation A Plus equity offering. It was a significant development for Principal Solar and may have brought it to the attention of investors as well.
The offering in question had actually kicked off back on November 25, 2020, and had finally been completed on February 16, 2022. The company managed to bring in gross proceeds to the tune of as much as $8.65 million.
The money was raised through the sales of as many as 96.6 million shares of the common stock in Principal Solar. The stock that had been sold had been priced at $0.0895 a share. It now remains to be seen if the Principal Solar stock comes into the focus of investors in the coming days or not.
