24/7 Market News Snapshot 16 December, 2024 – Tantech Holdings Ltd. Common Stock (NASDAQ:TANH)

December 16, 2024

DENVER, Colo., 16 December, 2024 (247marketnews.com) – (NASDAQ:TANH) are discussed in this article.
Tantech Holdings Ltd. (TANH) has generated significant market excitement, primarily driven by a remarkable 31.1% surge in its stock price during pre-market trading, reaching $0.196, up from the previous close of $0.149. This upward momentum is underscored by an impressive trading volume of 21.93 million shares, reflecting heightened investor interest. As the market anticipates potential developments, traders are advised to monitor TANH closely for further fluctuations throughout the trading day.

In tandem with this market enthusiasm, Tantech has taken a strategic leap in its expansion efforts by announcing the establishment of two new subsidiaries in the United States, namely Gohomeway Inc. and Gohomeway Group Inc. This initiative aims to bolster its presence in the rapidly growing green building materials sector, responding to the increasing global demand for sustainable construction solutions. With over two decades of expertise in innovative formaldehyde-removal carbon products, Tantech is poised to enhance its leadership in the green building industry, reinforcing its commitment to sustainability.

The Gohomeway subsidiaries will focus on the wholesale distribution of branded green building materials and establishing a franchise system to broaden market access. Operations are expected to commence in the near future, with anticipated revenue generation targeting 2025. CEO Wangfeng Yan expressed optimism regarding this venture, highlighting it as a pivotal step in Tantech’s internationalization efforts to align with contemporary market demands for eco-friendly products.

As a high-tech enterprise dedicated to sustainability, Tantech’s innovations have garnered esteemed certifications, including ISO 9000 and ISO 14000. With a dedicated sales network both domestically and internationally, Tantech remains committed to delivering high-quality solutions that cater to the needs of the evolving construction landscape.

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