Prime Sun Power Inc.’s shares closed trading at $0.375 a share after hitting an intraday high of $0.40. The stock is higher by $0.175 a share which puts it up by 87.50% for the day on volume about three times the average. Prime Sun Power was first mentioned in the QualityStocks FREE Daily Newsletter back on November 10, 2009 when the stock was trading for only $0.139 a share. Investors have seen a near-tripling of their money in only three months!
Prime Sun Power is positioning itself as a clean energy utility company with an emphasis on the development, construction and operation of its own and third party utility-scale photovoltaic power plants. The company is focusing on photovoltaic solar power generation in Europe, particularly in Italy, Greece and Turkey. Prime Sun recently announced plans to develop, build and operate 500 megawatts of photovoltaic solar power generation through the end of 2013, out of which 150 megawatts is expected to be acquired by third party investors.
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