Why Borqs Technologies Stock Is Trading Higher Today
Portfolio Pulse from Nabaparna Bhattacharya
Borqs Technologies, in partnership with SkyCentrics, has launched the next generation CTA-2045 ECOPORT communication products. The products, used for smart management of water heaters, pool pumps, and other EcoPorts, are expected to start commercial shipment in Q3 2023. The new products are more price competitive and have better cellular coverage. Borqs' shares are trading higher by 29.5%.
July 06, 2023 | 2:18 pm
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POSITIVE IMPACT
Borqs Technologies' stock is trading higher following the announcement of the launch of next-gen ECOPORT products. The products are expected to start commercial shipment in Q3 2023.
The launch of the next-gen ECOPORT products, which are more price competitive and have better cellular coverage, is a positive development for Borqs Technologies. This has led to an increase in the company's stock price. The commercial shipment of the products in Q3 2023 is expected to further boost the company's revenues and profitability.
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IMPORTANCE 80
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