Michael Jennings, a director at Suncast Solar Energy, Inc. (OTCMKTS:SUNC), has acquired an additional 1,000 shares of the company’s stock. This transaction took place on November 26, 2023, at an average price of $52.00 per share, amounting to a total investment of $52,000. Following this acquisition, Jennings now holds 8,590 shares in the company, with a total value of approximately $446,680.
This recent purchase marks a significant increase in Jennings’ investment, representing a 13.18% rise in his stake in Suncast Solar Energy. The details of the transaction were disclosed in a filing with the Securities and Exchange Commission (SEC), which is publicly accessible for further review.
Suncast Solar Energy Stock Performance
On the day of the transaction, Suncast Solar Energy’s stock opened at $51.44. Over the past year, the stock has seen a low point of $47.00 and a high of $53.79. The company’s stock has been trending with a 50-day moving average of $19.33, indicating fluctuations in its market performance.
About Suncast Solar Energy
Suncast Solar Energy, Inc. operates through its subsidiary, Environmental Testing Laboratories, Inc., which provides essential environmental testing services primarily in the northeastern United States. The company specializes in various analyses, including resource conservation recovery act assessments, hazardous waste characterization, and tests for pesticides and herbicides in soil and groundwater.
Investors and analysts are closely monitoring the developments surrounding Suncast Solar Energy due to its potential impact on the environmental sector, particularly as demand for sustainable energy solutions increases. Those interested can stay updated by subscribing to daily summaries from services like MarketBeat, which provide news and analysts’ ratings for Suncast Solar Energy and related companies.
