Why CBD Energy (CBDE) Stock Is Soaring Today

NEW YORK (TheStreet) -- CBD Energy  (CBDE) soared Friday after the company announced an agreement on a $112 million solar energy project in Thailand.

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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

CBDE Chart CBDE data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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