Welcome to our dedicated page for Principal Solar news (Ticker: PSWW), a resource for investors and traders seeking the latest updates and insights on Principal Solar stock.
Principal Solar Inc. (PSWW) operates at the intersection of traditional energy expertise and next-generation renewable innovation. This news hub provides investors and industry observers with timely updates on the company’s strategic investments in petroleum assets and clean energy technologies.
Access official press releases and curated analysis covering PSWW’s acquisitions, partnerships, and technological advancements. Key updates include developments in hybrid energy systems, petroleum property acquisitions, and collaborations like its work on electric vehicle powertrain retrofitting.
This resource serves as a centralized tracking point for PSWW’s dual-track strategy: optimizing value from established energy assets while advancing clean technology solutions. Regular updates ensure stakeholders stay informed about operational milestones and market positioning.
Bookmark this page for direct access to PSWW’s evolving role in energy transition efforts, with verified updates spanning financial disclosures, technology deployments, and strategic investments across conventional and renewable sectors.
Principal Solar (OTC Pink: PSWW) announced plans to spin off its oil and gas operations into a new publicly-traded entity named E-3 Petroleum. This move comes amid high oil and natural gas prices, with expectations for continued strength in the market. The spin-off aims to allow both Principal Solar and E-3 to focus on their core operations and potentially improve share performance by offsetting past dilution. Initial funding will be sought through an S-1 registration statement, with current shareholders expected to retain full ownership of E-3.
Principal Solar (OTC Pink: PSWW) has announced plans to spin-off its E-3 Petroleum subsidiary into a separate public company. The decision aims to enhance focus on logistics and electric vehicle (EV) technologies. K. Bryce 'Rick' Toussaint, the Chairman and CEO, believes this will increase stakeholder value by allowing both entities to concentrate on their core operations. The spin-off will be led by current COO Anthony Lerner, emphasizing an eco-friendly approach to refurbishing orphaned wells. This decision is subject to customary regulatory approvals.
Principal Solar, Inc. (OTC Pink: PSWW) announced a Cooperative Research and Development Agreement with Triad Pro Innovators, Inc. to explore power storage solutions for the Electric Vehicle (EV) industry. The partnership aims to utilize Triad Pro's innovative eCell technology, which offers rapid charging capabilities and a lifespan exceeding 30,000 cycles, enhancing maintenance efficiency. This agreement aligns with Principal's strategy to invest in sustainable technologies and cater to the growing demand in the EV market.
Principal Solar, Inc. (OTC Pink: PSWW) provided a shareholder update highlighting its upcoming special board strategy meeting and the finalization of the Double-H Services acquisition. The meeting will focus on adding key executives to the management team and exploring non-dilutive financing options. Additionally, opportunities for its oil and gas subsidiary, E-3 Petroleum, are being evaluated in light of high oil prices. Chairman and CEO K. Bryce “Rick” Toussaint emphasized the board's commitment to growth and stakeholder value.
Principal Solar (OTC Pink: PSWW) has successfully closed its Regulation A Plus equity offering, raising US$8.65 million by selling 96.6 million shares at US$0.0895 each. The offering began on November 25, 2020, and concluded on February 16, 2022. Proceeds will be used to reduce debt and invest in oil and gas leases, extraction technologies, and electric vehicle technologies. CEO K. Bryce Toussaint expressed optimism about the company's future and welcomed new investors.
Interview Scheduled for 10am EST on Thursday, January 20, 2022
Principal Solar, Inc. (OTC Pink: PSWW) announces an interview with Chairman and CEO K. Bryce “Rick” Toussaint, to be held on January 20, 2022. The discussion will focus on the company's initiatives, including Double-H Services and Heavy Electric Vehicles, along with market outlooks for 2022. The interview will be available for listening on January 24, 2022, via Stock Day Media's website. Principal Solar is actively investing in clean energy and petroleum properties.
Principal Solar, Inc. (OTC Pink: PSWW) has shared an update on its strategic growth initiatives targeting the renewable energy and environmentally friendly oil and gas sectors. The company has finalized the acquisition of Double H Services, which will facilitate a transition to more environmentally friendly logistics solutions. Additionally, its subsidiary, E-3 Petroleum, is focused on remediating abandoned oil wells. The company's EV subsidiary, Nexteal, has made investments in heavy electric vehicle technologies, with positive market expectations for 2022.
Principal Solar, Inc. (PSWW) has outlined its initial activities for 2022, focusing on enhancing shareholder communication and completing its fiscal audits for 2019 and 2020. The Company plans to release a detailed letter to shareholders and conduct an audio interview with Chairman and CEO K. Bryce “Rick” Toussaint. The audit, managed by Whitley Penn, is nearing completion, with reports expected early in Q1 2022. The management expresses optimism for the year, highlighting ongoing communications with auditors to ensure transparency.
Principal Solar (PSWW) announced a strategic divestiture of its investment in IntelliMedia/Apollo Green, converting it into a note with capital return and interest. This decision aligns with the company's goal to enhance stakeholder value and will facilitate the acquisition of logistics assets and advance its partnership with IPLTech Electric in the heavy electric vehicle sector. Additionally, the company is exploring partnership opportunities in well-side cryptocurrency mining, utilizing low-cost electricity from its natural gas holdings. Further transaction details will be disclosed later.
Principal Solar, Inc. (OTC Pink: PSWW) has finalized a majority acquisition of Double-H Services, LLC, enhancing its strategic position in the clean energy sector. This transition involves Double-H purchasing hybrid and fully electric heavy EV solutions to convert its diesel fleet, aiming to significantly reduce operating costs and environmental impact. Double-H has reported consistent seven-figure annual revenues over the past five years. The deal, subject to further due diligence, is expected to finalize in the second quarter of 2022.
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