Aar Corp. shares fall 1.70% intraday as Mpact signs solar PPA with Enpower Trading.

Aar Corp. declined 1.70% in intraday trading, with the company's stock price movement not directly related to the news event of Mpact signing a solar PPA. The news event is about a South African packaging and recycling company, Mpact, signing a power purchase agreement (PPA) for 30 GWh of renewable energy per year with independent energy trader Enpower Trading to power three of its paper mills. The renewable power will be sourced from SolarAfrica Energy's SunCentral solar plant located in De Aar, in the Northern Cape province.