zbb energy (zbb) stock skyrocketing today on solar power partnership - electrical energy storage systems

NEW YORK (TheStreet)--
ZBB Energy Stocks(ZBB)
Jump before 1753% to $1.
Very heavy volume in 14
Friday morning deal after developers and manufacturers of distributed energy storage solutions have established strategic partnerships with solar companies(SOPW)
ZBB Energy will provide 40 MW systems to solar project developers over the next four years. So far today, 2.
Compared with an average of 21 million shares per day, 267,000 shares of ZBB Energy have been exchanged.
As part of the deal, the two companies signed a $33 securities purchase agreement.
4 million, consisting of the newly issued common stock and convertible preferred stock of ZBB Energy.
Under the terms of SPA Solar Power, ZBB Energy's common stock will acquire 8 million shares for about $5.
4 million and 28,048 shares of the ZBB Energy C Series convertible shares, priced at about $28 million.
"The proposed partnership between solar and ZBB Energy is to accelerate global solar penetration through the combination of solar storage.
Due to many factors, energy storage systems have become critical to the expansion of global PV systems, and we believe ZBB's leading technology will help solar power generation to become an early
The driver of this huge global opportunity, "said Peng Xiaofeng, chairman of solar energy.
In addition, the street rating team rated zbb energy corp as a sales with a rating score of D-.
For their suggestion, the street rating team has the following statement: "We have a view of ZBB Energy (ZBB)a SELL.
This is driven by several weaknesses that we believe should have a greater impact than any advantage, and it is more difficult for investors to achieve positive results than most of the stocks we cover.
The company's weaknesses can be seen in a number of areas, such as unimpressive net income growth, poor profit margins, weak operating cash flow, and general disappointing historical performance of the stock itself.