Shares in Darwen based smart meter supplier Bglobal responded well to recent contract wins.
The share price, which was just 10p at the start of last summer, had slipped 10p from the highs of 55p at the start of the year.
However, since announcing news of the contract wins, one of which will see its energy 'smart meters' installed into 23,000 schools, it is hoped the share price will once again start moving in the right direction as its installation programme recovers from disruption caused by the freezing weather.
The cold spells during the winter meant engineers struggled to visit homes, schools and businesses but the company, which employs 100 people, is pleased to announce the bullish trading update.
Along with the contract to supply schools, Bglobal also struck a deal with Npower to supply its business customers with smart meter devices.
The 'smart meters' allow owners to monitor energy usage in the home, school or workplace.
No comments:
Post a Comment