Skycorp Solar Gains on New Developments
Skycorp Solar Group Limited (NASDAQ: PN) shares moved into the win column Wednesday. The company, a solar PV product provider engaged in the manufacture and sale of solar cables and solar connectors, today announced two strategic initiatives under the oversight of its newly formed Investment Committee: the activation of its Strategic Digital Asset Reserve Account and the continued expansion of its renewable power generation portfolio. Both initiatives form the core of the Company’s long-term growth framework, the “Pegasus Strategy.”
The newly activated Account enables Skycorp to commence systematic acquisition of Bitcoin (BTC), Ethereum (ETH), and stablecoins as long-term strategic assets. As part of its capital allocation policy, the Company has adopted a disciplined investment approach in the blockchain economy.
Yesterday, the Company executed its first transaction under this framework, initially acquiring 32.76 ETH under an automated crypto trading bot. In the long term, more ETH will be purchased to diversify the treasury and position the Company to capture opportunities within the digital asset sector. All transactions will be conducted under rigorous compliance, risk management, and regulatory disclosure protocols.
In parallel, Skycorp has executed a definitive agreement to acquire an asset of 8,705KW solar power stations for total consideration of around RMB30.5 million ($4.25 million), with completion expected by the end of November 2025.
Upon closing, these assets will be integrated into the Company’s renewable energy operations, strengthening its role in the green energy transition and supporting global decarbonization goals.
PN shares acquired seven cents, or 4%, to $1.87.
