24/7 Market News Snapshot 27 August, 2024 – N2OFF, Inc. Common Stock (NASDAQ:NITO)

August 27, 2024

DENVER, Colo., 27 August, 2024 (247marketnews.com) – (NASDAQ:NITO) are discussed in this article.
N2OFF, Inc. (NITO) is experiencing significant market activity, with its stock price soaring from an opening of $0.272 to a peak of $0.359, representing an impressive increase of 31.99%. This movement follows a trading volume of 5.61 million shares, underscoring a robust investor interest and bullish sentiment surrounding the company. Market analysts suggest this could indicate a breakout stage for N2OFF, positioning it as a compelling stock to monitor in the coming days.

In a parallel development, N2OFF has achieved a key milestone in its joint venture with Solterra Renewable Energy Ltd. The companies announced that their inaugural solar photovoltaic (PV) project received the critical approval necessary to connect to the power grid. This authorization confirms compliance with the regional energy service provider’s safety standards and paves the way for the project, which is designed to deliver a capacity of 111 MWp (megawatt peak), significantly enhancing renewable energy generation.

Eran Litvak, co-CEO of Solterra, reiterated the milestone’s importance, stating that securing a power grid connection is vital for the project’s success. This accomplishment further reinforces the execution of the Melz project within its intended timeline. David Palach, CEO of N2OFF, expressed enthusiasm about the progression of the initiative, highlighting that the collaboration with Solterra effectively mitigates regulatory and operational risks while affirming the companies’ commitment to sustainable energy solutions.

Solterra has established a strong foothold in the renewable energy sector, managing over 300 megawatts through various development stages. As the renewable energy landscape continues to evolve, N2OFF and its subsidiaries, NTWO OFF Ltd. and Save Foods Ltd., are dedicated to promoting sustainability, reducing greenhouse gas emissions, and advancing innovative agricultural practices, marking a significant stride towards a greener future.

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