CN Energy shares surge 10.03% intraday after announcing $2M acquisition of Blessing Logistics.

CN Energy surged 10.03% intraday after announcing plans to acquire Blessing Logistics for an estimated $2.0 million in consideration. The proposed acquisition, subject to agreed assumptions between the parties, signals strategic expansion into logistics operations, potentially diversifying the company’s revenue streams and enhancing market confidence in its growth prospects. The intraday rally aligns with investor optimism surrounding the transaction, reflecting expectations of operational synergies and long-term value creation.