Brenmiller Energy Shares Skyrocket, Poised For Major Growth With Solid Project Pipeline
Portfolio Pulse from Akanksha Bakshi
Brenmiller Energy Ltd. (NASDAQ:BNRG) shares surged after announcing a record project pipeline worth over $500 million, involving 49 potential contracts for its zero-emission heat technology. The company is progressing projects in 12 industries across 13 countries, with a significant portion in advanced negotiation stages.
May 17, 2024 | 2:13 pm
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Brenmiller Energy Ltd. (NASDAQ:BNRG) shares surged by 29.4% following the announcement of a record project pipeline worth over $500 million. The company has 49 potential contracts for its zero-emission heat technology, with several projects in advanced negotiation stages.
The announcement of a substantial project pipeline worth over $500 million and the advanced stages of several projects are strong indicators of future revenue growth. This has led to a significant increase in BNRG's stock price, reflecting investor optimism.
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