DiamondHead (NASDAQ:DHHC) Trading 19.9% Higher – Here’s Why

DiamondHead Holdings Corp. (NASDAQ:DHHCGet Free Report) traded up 19.9% during mid-day trading on Monday . The stock traded as high as $2.23 and last traded at $2.11. 2,046,314 shares were traded during trading, an increase of 483% from the average session volume of 350,931 shares. The stock had previously closed at $1.76.

DiamondHead Price Performance

The business’s 50-day moving average price is $1.40 and its 200 day moving average price is $2.77.

About DiamondHead

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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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