DiamondHead (NASDAQ:DHHC) Trading Up 7.5% – Should You Buy?

DiamondHead Holdings Corp. (NASDAQ:DHHCGet Free Report)’s share price was up 7.5% during mid-day trading on Tuesday . The company traded as high as $2.71 and last traded at $2.58. Approximately 355,742 shares traded hands during trading, an increase of 1% from the average daily volume of 350,931 shares. The stock had previously closed at $2.40.

DiamondHead Price Performance

The stock’s 50-day moving average is $1.74 and its 200 day moving average is $2.59.

DiamondHead Company Profile

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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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