CBD announced an agreement with Environmental Engineering Group Thailand to build a 64-megawatt solar park. The Thai Provincial Electricity Authority supports the project with a 25-year power purchase agreement. CBDE expects to earn $6.08 million in pre-tax profit from the project.
The stock was up 70.46% to $4.04 at 11:27 a.m. More than 2.4 million shares had changed hands, compared to the average volume of 24,328.
Must Read: Warren Buffett's 25 Favorite StocksCBDE data by YCharts