Shares of DiamondHead Holdings Corp. (NASDAQ:DHHC – Get Free Report) shot up 19.9% during trading on Monday . The stock traded as high as $2.23 and last traded at $2.11. 2,046,314 shares changed hands during trading, an increase of 483% from the average session volume of 350,931 shares. The stock had previously closed at $1.76.
DiamondHead Stock Up 19.9%
The stock’s 50 day moving average is $1.40 and its 200 day moving average is $2.77.
DiamondHead Company Profile
DiamondHead (NASDAQ:DHHC) is a specialized investment company focused on acquiring and managing portfolios of residential solar energy leases and power purchase agreements (PPAs). By purchasing contractual cash flows from homeowners’ solar installations, the company offers investors exposure to predictable, long-term revenue streams generated by renewable energy assets. DiamondHead structures and issues asset-backed securities that provide institutional and retail investors with access to the growing residential solar market.
The company’s core activities include sourcing solar lease and PPA contracts originated by leading residential solar providers, conducting credit and asset due diligence, and assembling diversified portfolios across multiple jurisdictions in the United States.
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