According to a graph for the last six months, USWS stock even reached almost 3 dollars on February 18 and it dropped gradually. Since March, the stock has been falling every day, and when it reached $0.6, it began to rise. This morning went up by 15% and now it costs $1.09.
The U.S. Well Services published that it has the intention to become an all-electric hydraulic fracturing services provider and count on exit the diesel market at the end of this year. As a result, USWS is going to become the first provider that will publicly trade services.
The company will receive revenue of $21 million after entering into an agreement to sell certain diesel-powered hydraulic fracturing equipment. Further, USWS is actively negotiating with several counterparties and counts on that it should generate more than $100 million from the selling non-core assets, and income is expected to reduce debt and fund overall corporate goals.
Editor in Chief.
Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life