New Solar PV Agreement to Take Marvion Inc. (OTC: MVNC) to New Paradigm
The renewable energy sector continues to be hot, and investors are always looking out for new stocks to track. One of the companies that could be worth tracking is Marvion Inc. (OTC: MVNC), which was in focus yesterday after its fully owned subsidiary unit, United Warehouse Limited, made a major new announcement.
New PV Agreement
In the news release from United Warehouse yesterday, the company announced that it had been successful in inking a new Solar PV (Photovoltaic) System Service agreement with the firm Starwarehouse Engineering Limited. It was further noted that the collaboration in question was going to help the subsidiary to further work towards its commitment to green energy transition and sustainability while concurrently working on diversifying its revenue streams.
Further Information
As per the provisions of the agreement signed by United Warehouse, Starwarehouse would be in charge of the installation, commissioning, and design of a solar PV system with a capacity of 170 kW on the top of a roof of a facility belonging to the former. It was also stated that the system in question would also include as many as 512 units with capacities of 520W each. It may be a good time to add Marvion to your watch lists.
CEO Quote
Mr. Chan Sze Yu, CEO of Marvion Inc., commented, “This new agreement not only reflects our commitment to green energy but also demonstrates our ability to balance long-term financial returns with social responsibility. We look forward to the economic and environmental benefits the PV system will bring to the company, further strengthening our competitiveness in the Hong Kong market.”
Fundamentals
| P/E Ratio | -0.0400 |
| PEG Ratio | 0.04 |
| Price to Book | -0.74 |
| Price to Cash Flow | 2.53684 |
| Price to Free Cash Flow | 3.9387 |
| Total Sales (TTM) | 6.40 M |
| Revenue per Share (TTM) | 0.04 |
| Shares Outstanding | 308.959 M |
| Share Float (%) | 240.68 M (77.90%) |
