The stock of the company engaged in the production of green ammonia has steadily popped up for the last 5 years, even today it shows a surge from $1.260 to $1.330. The last announcement, that company is looking for a facility in Detroit, Michigan, intending to further develop and prove out its aim to produce modular units capable of generating green ammonia, could push the stock even higher.
The company believes that the demand for green ammonia is increasing every year, while ammonia is used as energy and fertilizers. In addition, ahead of securing the development facility, the Company is pleased to announce the hiring of Mr. Greg Baranger, who will join the Company as CEO, thus new personnel could boost the stock.
The company has established itself as a long-term company, showing improvements in revenue every year. Considering that the green ammonia market is not so competitive, the company has great potential for growth in the coming years. In this case, investors should think about buying stock.
Finance and Entertainment Reporter
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