Shares of renewable energy stock Orbital Energy Group (NASDAQ: OEG) jumped as much as 21.5% on Wednesday after announcing a new solar project. At 11:15 a.m. EDT today, shares were up 15.4% and holding steady for the day.
Orbital Energy Group's subsidiary Orbital Solar Services was selected to be the engineering, procurement, and construction (EPC) provider for a 137 megawatt project in Arkansas. The end customer wasn't named, only that it is a North American Fortune 100 energy company.
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Why Orbital Energy Group Stock Jumped 21.5% Today