Cn Energy shares rise 10.22% intraday after announcing framework agreement to acquire Blessing Logistics.

CN Energy Group (CNEY) surged 10.22% intraday following its announcement of a framework agreement to acquire 82% of Blessing Logistics, a Canadian oil trading company. The proposed transaction, valued at approximately $2.0 million, aligns with CNEY’s strategic expansion into North American energy markets and leverages Blessing Logistics’ export licenses and trading expertise. The interim CEO highlighted the potential for long-term value creation through energy trading and upstream investments, directly linking the deal to the stock’s sharp intraday rise. While prior news, such as Nasdaq delisting concerns and robotics subsidiary updates, were relevant, the acquisition announcement was the most immediate and impactful catalyst, reflecting investor optimism about CNEY’s growth trajectory in the energy sector.