There are certain companies that are expected to be on the radars of investors on the midweek, and one of those could be Now Corporation (OTC: NWPN). The company had come into significant focus on Tuesday after it made a key new announcement with regards to a new strategic initiative. In this feature, we will take a closer look into the development.
EV Charging Stations Deployment
Now Corporation announced yesterday that Green Rain Solar Inc., its fully owned subsidiary unit, had gone into a strategic agreement to deploy its EV (electric vehicle) charging stations across select hotels of the Driftwood Hospitality chain.
In the news release, it was further noted that the move was in alignment with Green Rain’s commitment to sustainable energy solutions, boosting nationwide accessibility to EVs and reducing the carbon footprint. In light of the latest announcement, it remains to be seen if the Now Corporation stock gets any traction today or not.
Further Information
Driftwood Hospitality is a premium hotel management outfit and has been successful in identifying a number of its locations, which could be ideal for EV charging stations. Some of the properties thus identified include those being operated under the Hilton, Westin, and Marriott brands.
