RONN Inc. (OTC: RONN) is expected to be one of the companies that may come onto the radars of investors in a big way this morning in light of the announcement made yesterday. The company hit the news wires yesterday after it made an announcement with regards to two new potential investments it attracted. It may be a good time to take a closer look.
New Investments
On Wednesday, RONN announced that it was working on two new potential investments, which could result in a capital infusion of as much as $100 million. The company revealed that the two investments were going to be based out of Korea and Brazil. However, that was not all. The discussions with the two entities were being carried on in addition to the discussions with two major capital groups from Europe and Australia.
Joint Venture Update
The company stated that it was also working on a loan guarantee worth $300 million with its joint venture partner HES in order to get the proprietary electrolyzers and low-pressure storage systems. In light of such positive tidings, investors could do well to keep an eye on the RONN stock over the course of the coming days.
CEO Quote
“Our pursuit of government support and global partnerships underscores our commitment to fast-track hydrogen adoption,” said Mr. Ford, CEO of RONN. “We’re building momentum for a cleaner, more resilient energy ecosystem by harnessing hydrogen’s untapped potential—while delivering tangible value to our stakeholders.”
