Why Safe & Green Holdings (SGBX) Shares Are Skyrocketing

Zinger Key Points
  • Safe & Green shares are trading higher by 149% during Friday's session.
  • The company announced its SG Echo subsidiary is preparing to deliver its first sustainable modular unit.

Safe & Green Holdings SGBX shares are trading higher by 149% to $7.30 during Friday’s session after the company announced its SG Echo subsidiary is preparing to deliver its first sustainable modular unit to a prominent quick-service restaurant customer in the Pacific Northwest.

The company says the unit has passed its final plant inspection and is scheduled for shipment in the second quarter of 2024.

David Cross, VP of Business Development, expressed excitement about the collaboration and the potential for a strong partnership. Paul Galvin, Chairman and CEO, highlighted the strategic location of SG Echo’s facility in Durant, OK, emphasizing its ability to serve commercial markets nationwide.

See Also: Why Bitcoin Spiked Above $62,000 Following The April Jobs Report

How To Buy SGBX Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Safe & Green Holdings’ case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, SGBX has a 52-week high of $27.00 and a 52-week low of $2.01.

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