Principal Solar, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
October 28, 2020 at 04:26 pm EDT
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Principal Solar, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced operating income was USD 85,000 compared to USD 22,500 a year ago. Net loss was USD 90,829 compared to USD 22,744 a year ago. For the half year, operating income was USD 15.426 million compared to USD 22,500 a year ago. Net loss was USD 15.426 million compared to USD 22,500 a year ago.
Principal Solar, Inc. is a strategic investor in and acquirer of organizations and technologies that support opportunities in traditional, renewable, and clean energy sectors as well as an acquirer and operator of undervalued petroleum-producing properties. The Company conducts business through its subsidiaries, providing consulting in the energy sector, licensing, and commercializing energy related intellectual property, and engaging in a selection process and conducting due diligence for future acquisitions. Its subsidiaries include Bayou Road Investments, Inc. (Bayou Road Investments), NexTeal Energy, and E-3 Petroleum. Bayou Road Investments seeks to acquire licenses for patented technology, primarily in the green energy sector, and to subsequently monetize these technologies. NexTeal is focused on heavy electric vehicle (EV) technologies. E-3 Petroleum houses the Companyâs investments and acquisitions in oil and gas properties.
PRINCIPAL SOLAR, INC. 
