Safe & Green Plunges 13.71% Amid Revenue Decline

Generado por agente de IAAinvest Pre-Market Radar
jueves, 29 de mayo de 2025, 4:18 am ET1 min de lectura
SGBX--

On May 29, 2025, Safe & GreenSGBX-- experienced a significant drop of 13.71% in pre-market trading, marking a notable decline in its stock performance.

Safe & Green Holdings Corp. has recently secured a contract with Three Pines Leasing to supply modular units for a U.S. government agency. This deal is part of an ongoing partnership between the two companies, with more contracts expected throughout the remainder of 2025. This strategic move is likely to bolster Safe & Green's revenue streams and enhance its market position.

Despite the recent contract, Safe & Green Holdings Corp. reported a substantial decrease in annual revenue for the year 2024, with a decline of 69.88%. This financial setback could be a contributing factor to the recent stock price volatility, as investors reassess the company's financial health and future prospects.

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