STOCK TITAN

Safe & Green Holdings Corp. - SGBX STOCK NEWS

Welcome to our dedicated page for Safe & Green Holdings news (Ticker: SGBX), a resource for investors and traders seeking the latest updates and insights on Safe & Green Holdings stock.

Safe & Green Holdings Corp. (NASDAQ: SGBX) is a pioneering company in modular construction solutions. Leveraging the structural integrity and sustainability of code-engineered cargo shipping containers, the company provides innovative building modules that serve both residential and commercial markets. These modules can be used as permanent or temporary structures, making them ideal for a wide range of applications, including health care facilities, real estate development, and environmental projects.

Safe & Green Holdings operates through four primary segments: construction services, medical, real estate development, and environmental. The majority of the company's revenue comes from its construction segment, which includes the manufacturing unit SG ECHO and various modular projects. The company's technology enables faster construction, lower costs, and more sustainable building practices, making it a leader in green construction.

Since its inception in 2007, Safe & Green Holdings has focused on repurposing shipping containers to meet safe and sustainable housing needs, particularly in hurricane and earthquake-prone areas. The company recently received recertification from the International Code Council (ICC) for its shipping containers, ensuring they meet stringent safety and performance standards. This achievement underscores the company's commitment to quality and innovation in modular construction.

Safe & Green Holdings' projects are designed to exceed typical building code requirements, offering developers, architects, and builders a high-value, eco-friendly construction option. The company's dedication to reducing the global carbon footprint is evident through its sustainable building practices and use of recycled materials. Partnering with industry leaders and constantly evolving its technology, Safe & Green Holdings continues to set new benchmarks in the modular construction industry.

For more information, visit the company's investor relations page or contact Crescendo Communications, LLC at (212) 671-1020 or via email at SGBX@crescendo-ir.com.

Rhea-AI Summary

SG Blocks, Inc. (NASDAQ: SGBX) has announced plans to acquire a 19-acre site in Durant, Oklahoma, enhancing its growth strategy. This acquisition will include a new 60,000 square foot facility dedicated to SG Home, designed to construct single-family residences. The transaction, set to close in approximately 60 days, will be financed through a combination of debt and equity, aimed at strengthening the Company’s balance sheet. CEO Paul Galvin emphasizes the commitment to create an eco-friendly manufacturing campus, leveraging solar and EV partnerships for sustainability.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.05%
Tags
-
Rhea-AI Summary

SG Blocks, Inc. (Nasdaq: SGBX) will host a conference call on March 17, 2021, at 4:30 p.m. ET to discuss its financial results for Q4 and the fiscal year ended December 31, 2020. CEO Paul Galvin will lead the call, which includes a Q&A session. Dial-in numbers are 1-877-407-9716 (U.S.) and 1-201-493-6779 (International). A live broadcast and replay will be available via their website. SG Blocks specializes in sustainable construction using shipping containers, offering innovative solutions that meet rigorous building codes.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.06%
Tags
conferences earnings
-
Rhea-AI Summary

SG Blocks (NASDAQ: SGBX) has unveiled the "Chicago Airport Testing" center in Des Plaines, IL, in partnership with Clarity Lab Solutions and National Pain Centers. This center offers Fast PCR, Rapid Antigen, and Rapid Antibody testing aimed at travelers and airport employees. Open Monday to Saturday initially, it aims to address the urgent need for reliable COVID-19 testing. Company leadership expresses optimism for expansion in response to demand for testing and vaccination solutions, highlighting a commitment to enhancing safety in travel hubs.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
covid-19
Rhea-AI Summary

SG Blocks (NASDAQ: SGBX) has announced the launch of rapid antigen testing for COVID-19 at Los Angeles International Airport (LAX) in partnership with Clarity Mobile Ventures. Starting February 9, testing will be available daily from 9 a.m. to 12 p.m. at the Tom Bradley International Terminal, primarily catering to KLM Royal Dutch Airlines passengers but open to all travelers. The initiative aims to support the recovery of the travel industry during the pandemic, utilizing Clarity’s leading antigen test.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.3%
Tags
none
-
Rhea-AI Summary

SG Blocks (NASDAQ: SGBX) announced a joint venture with Clarity Lab Solutions and National Pain Centers to establish a rapid COVID-19 testing site in Des Plaines, Illinois, near O'Hare Airport. The facility will feature 100,000 square feet of outdoor and indoor space, with a capacity to administer up to 10,000 tests daily, including rapid antigen and PCR tests. Set to open the week of February 1, the site aims to enhance safety for travelers and the local community amidst ongoing pandemic challenges.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.6%
Tags
covid-19
-
Rhea-AI Summary

SG Blocks (NASDAQ: SGBX) has announced a significant expansion of its manufacturing capabilities with a new 10,300 square foot building in Durant, Oklahoma. This addition will enhance the Company’s ability to modify and construct container-based structures, contributing to a multi-phase development plan for the SG Echo manufacturing campus. The expansion aims to meet growing demand across various sectors, including military and healthcare, and is expected to be operational by Q2 2021. SG Blocks also considers acquiring an additional 19 acres at the facility.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.35%
Tags
none
Rhea-AI Summary

SG Blocks, Inc. (NASDAQ: SGBX) has announced a significant purchase order from a privately held client for a governmental project in Tyndall, Florida. The project, comprising 20,560 square feet, is expected to complete in Q2 2021 and expands SG Blocks' portfolio of military projects. The company is recognized for its innovative use of code-engineered shipping containers, catering to a diverse client base including military and retail clients. CEO Paul Galvin emphasized the company's commitment to providing durable structures for military use.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.36%
Tags
none
-
Rhea-AI Summary

SG Blocks, Inc. (NASDAQ: SGBX) has successfully sold 100,000 COVID-19 tests to a private business partner in the U.S., generating approximately $1.25 million in revenue for Q4 2020. Chairman and CEO Paul Galvin expressed satisfaction with this significant sale, marking a strong year-end performance. SG Blocks specializes in innovative container-based structures, promoting sustainable and safe construction through its product offerings, which include the GreenSteel™ structural core.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.05%
Tags
covid-19
-
Rhea-AI Summary

SG Blocks (Nasdaq: SGBX) announced the delivery of its D-Tec 2 Testing Pods to Los Angeles International Airport (LAX) as part of a joint venture with Clarity Mobile Venture. This facility aims to enhance safe air travel by providing coronavirus testing for passengers and employees. Expected to open in early December 2020, it will offer PCR tests with results in 3 hours and can handle up to 1,000 tests per eight-hour shift. The initiative is a collaboration with Grimshaw Architects, focusing on improved health and safety protocols at airports.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.2%
Tags
covid-19
Rhea-AI Summary

SG Blocks (Nasdaq: SGBX) has been contracted by Memorial Healthcare to provide PCR Covid-19 testing services in Wayne County, Michigan. This partnership aims to perform up to 7,000 tests per shift efficiently, significantly improving testing turnaround times to as quick as 3 hours. Memorial is funding the initial deployment of SG Blocks' high-capacity Lab Testing Hub and additional swab collection stations. The collaboration also includes provisions for future Covid-19 vaccine delivery as supplies become available. SG Blocks' testing services promise high accuracy and community support for underserved populations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.51%
Tags
covid-19

FAQ

What is the current stock price of Safe & Green Holdings (SGBX)?

The current stock price of Safe & Green Holdings (SGBX) is $0.4241 as of December 23, 2024.

What is the market cap of Safe & Green Holdings (SGBX)?

The market cap of Safe & Green Holdings (SGBX) is approximately 1.9M.

What does Safe & Green Holdings Corp. do?

Safe & Green Holdings Corp. provides modular construction solutions using both cargo shipping containers and wood for residential and commercial use.

What are the primary segments of Safe & Green Holdings Corp.?

The company operates in four segments: construction services, medical, real estate development, and environmental.

What is the main revenue source for Safe & Green Holdings Corp.?

The majority of the company's revenue comes from the construction segment, including its manufacturing unit SG ECHO and various modular projects.

How does Safe & Green Holdings Corp. contribute to sustainable construction?

The company repurposes shipping containers, reducing the need for new materials and lowering the carbon footprint, while providing safe and sustainable housing options.

What recent certifications has Safe & Green Holdings Corp. received?

The company recently received recertification from the International Code Council (ICC) for its shipping containers, confirming their compliance with safety and performance standards.

What are some applications of Safe & Green Holdings Corp.'s modules?

The modules can be used for residential housing, commercial buildings, health care facilities, and more, offering both permanent and temporary solutions.

When was Safe & Green Holdings Corp. founded?

Safe & Green Holdings Corp. was founded in 2007.

Where can I find more information about Safe & Green Holdings Corp.?

For more information, visit the company's investor relations page or contact Crescendo Communications, LLC at (212) 671-1020 or via email at SGBX@crescendo-ir.com.

What are the benefits of Safe & Green Holdings Corp.'s modular construction?

The company's modular construction offers faster execution, lower costs, higher building value, and extended life, while meeting or exceeding building code requirements.

Who are the key clients of Safe & Green Holdings Corp.?

The company's clients include developers, architects, builders, and property owners seeking innovative and sustainable construction solutions.

Safe & Green Holdings Corp.

Nasdaq:SGBX

SGBX Rankings

SGBX Stock Data

1.89M
3.88M
24.13%
5.95%
4.61%
Metal Fabrication
Wholesale-lumber & Other Construction Materials
Link
United States of America
BROOKLYN