Welcome to our dedicated page for Principal Solar news (Ticker: PSWW), a resource for investors and traders seeking the latest updates and insights on Principal Solar stock.
Principal Solar Inc. (PSWW) operates at the intersection of traditional energy expertise and next-generation renewable innovation. This news hub provides investors and industry observers with timely updates on the company’s strategic investments in petroleum assets and clean energy technologies.
Access official press releases and curated analysis covering PSWW’s acquisitions, partnerships, and technological advancements. Key updates include developments in hybrid energy systems, petroleum property acquisitions, and collaborations like its work on electric vehicle powertrain retrofitting.
This resource serves as a centralized tracking point for PSWW’s dual-track strategy: optimizing value from established energy assets while advancing clean technology solutions. Regular updates ensure stakeholders stay informed about operational milestones and market positioning.
Bookmark this page for direct access to PSWW’s evolving role in energy transition efforts, with verified updates spanning financial disclosures, technology deployments, and strategic investments across conventional and renewable sectors.
Principal Solar, a strategic investor in next-gen energy technologies, announced that its partner eTruck will start producing hybrid powertrains for Class 8 diesel trucks by end of 2024. The retrofitted trucks will combine electric motors, battery packs, and small diesel engines for extended range. eTruck has already sold 23 powertrains for Class 6 trucks. They chose Freightliner trucks due to market ubiquity and aim to offer cost-effective solutions for fleets. Rolls-Royce and Siemens will supply key components. eTruck plans to expand its workforce from 5 to 500 and its facility from 30,000 to 300,000 sq. ft. within two years.
Principal Solar, Inc. (OTC PINK:PSWW) announced the release of an updated research report from Institutional Analyst that outlines the company's opportunities in the EV and petroleum markets. The report, titled Two Binary Events Rapidly Approaching Principal Solar, provides insights into the company's strategic investments in renewable and clean energy sectors, as well as undervalued petroleum properties. CEO K. Bryce 'Rick' Toussaint emphasized the report's importance for shareholders and energy sector investors, describing it as a crucial update on their activities and market context. The report is available for review at this link.
Principal Solar, Inc. (OTC PINK:PSWW) announced a refined strategic focus in a letter from CEO K. Bryce Toussaint. The company plans to divest non-aligned activities and strengthen partnerships to enhance profitability. A significant development is the joint venture with Executive Logistics & Transportation, targeting the Minerva-Rockdale Oil Field, which currently produces 200 barrels of oil per day with proven reserves valued at $116 million. Principal Solar is also collaborating with eTruck Transportation to introduce Class 6 heavy EV trucks. Additionally, an S-1 filing is being considered for funding, with Institutional Advisors engaged for analyst coverage.
Institutional Analyst, Inc. has begun coverage of Principal Solar, Inc. (PSWW) through its Alternative Energy Review Newsletter. This initiative aims to inform stakeholders about market trends and opportunities within PSWW's investments in traditional and renewable energy sectors. The initial report, titled New Player in the Electric Vehicle (EV) Market?, focuses on PSWW's eTruck partnership and its role in the evolving EV market. Additionally, the potential revenue from PSWW's planned acquisition of an 11,000-acre Oil & Gas property is highlighted.
Principal Solar Inc. (OTC PINK:PSWW) has highlighted its strategic focus on the clean energy sector and undervalued petroleum properties in a recent interview with CEO K. Bryce "Rick" Toussaint. With approximately $4 million in assets, the company believes it is significantly undervalued, with assets exceeding its current market cap. Principal aims to capitalize on revenue-generating projects and engage in a joint venture with Executive Logistics & Transportation. The company is also taking steps to become fully reporting, enhancing investor transparency.
Principal Solar (OTC Pink: PSWW) has formed a joint venture with Executive Logistics & Transportation to expand logistics operations beyond Tennessee and the Southeastern U.S. The investment aims to enhance ELT's existing fleet and enable conversions to EV/hybrid vehicles. This initiative intends to tap into new markets, primarily in the petroleum and aggregates sectors, and generate near-term revenue. ELT has already provided initial working capital, with further financial terms to be disclosed later. The partnership is expected to leverage the strengths of both companies.
Principal Solar, Inc. (PSWW) has reported that seven of its eight reworked wells in Caldwell County, Texas, have achieved stripper production status. This operational update follows a partnership with Aramis, LLC, formed in June 2022. The company anticipates all eight wells returning to production soon, with plans to explore additional potential wells in Luling and Central Texas. Details on production rates and financial performance will be disclosed after completion of initial evaluations. The partnership aims to enhance oil production capabilities in Texas.
Principal Solar, Inc. (PSWW) has signed a Partnership Agreement with Aramis, LLC to rework eight oil wells in Caldwell County, Texas. The company will reimburse certain lease costs and cover agreed-upon workover expenses, with an equal 50/50 equity share in the leases. Funding for the project is expected to begin before June 30, 2022. COO Tony Lerner expressed enthusiasm for this collaboration, highlighting the area’s rich oil and gas resources as significant for growth.
Principal Solar (OTC Pink: PSWW) announced plans to spin off its oil and gas operations into a new publicly-traded entity named E-3 Petroleum. This move comes amid high oil and natural gas prices, with expectations for continued strength in the market. The spin-off aims to allow both Principal Solar and E-3 to focus on their core operations and potentially improve share performance by offsetting past dilution. Initial funding will be sought through an S-1 registration statement, with current shareholders expected to retain full ownership of E-3.
