ACME Solar shares rally 5% after Q2 profit jumps over 100%, signs 400MV agreement with NTPC

ACME Solar shares rose 5% after the company reported a sharp increase in second-quarter profit and announced an agreement with NTPC.

Profit growth lifts shares

The company’s Q2 profit jumped by more than 100%, according to the available information. The result was followed by a 5% rise in ACME Solar shares.

Agreement signed with NTPC

ACME Solar also signed a 400MV agreement with NTPC. The announcement places the company’s earnings update alongside a new agreement with the power-sector company.

The available details do not include the value, duration or other terms of the agreement. They also do not specify the exact profit figure or the period’s revenue.