PSPW

PSPW 3Power Energy Group

Leading up to May 16th we saw shares of the extremely hot penny stock, 3Power Energy Group (PSPW.OB) run up to $2.48 a share after a frenzied move to the upside. As we noted in our stocks to watch list, PSPW was frequently on the top of the IHUB most active message boards which may have fueled the fire in the penny stock community and contributed to the buzz.

The news that many penny stock traders were basing their investment on was a merger between PSPW and Seawind Services Ltd which was announced back in January but didn’t close until this week. This also isn’t a merger of equals since Seawind already produces revenue and has at track record in sustainable renewable energy space. PSPW has also shaken up management and appointed new officers and directors as well.

Even after all of this news shares of PSPW have fallen sharply and closed below $1 on Wednesday. Was PSPW‘s rally all sizzle and no steak? Or does PSPW bounce this week? We are not sure, but we have pointed out time and time again that money can be made investing in companies by sheer activity and news. For those who were in early, PSPW proved to be a tremendous trading vehicle if profits were taken accordingly. So keep an eye out for our future profiles and highlights and add the names to your penny stock list.

3Power Energy own and operates solar wind and hydro projects and has a portfolio of 2.5 gigawatts. The company does business in both the public and private sectors and is based in New York, New York.

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