DiamondHead Holdings Corp. (NASDAQ:DHHC – Get Free Report)’s share price traded down 6.2% during mid-day trading on Tuesday . The stock traded as low as $1.43 and last traded at $1.52. 397,070 shares traded hands during trading, an increase of 13% from the average session volume of 350,931 shares. The stock had previously closed at $1.62.
DiamondHead Stock Performance
The stock’s 50-day moving average is $1.35 and its two-hundred day moving average is $2.96.
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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