Green Star Products (OTCMKTS:GSPI) is soaring, but what’s the trigger? Look no further than the signing of the Paris climate deal. The United Nations chief, Ban Ki-moon has already announced a record turnout for the signing of the climate agreement. More than 170 countries have sent representatives to sign the accord.
As world leaders gather at the United Nations to signs the historic Paris climate deal, investor attention is turning to who stands to benefit from the rollout of the climate agreement. Green Star Products (OTCMKTS:GSPI) is one of them and that explains the more than 400% spike in its share price.
Green Star Products (OTCMKTS:GSPI) has been largely quiet this year, but as the signing of the Paris climate deal approached, investors started taking notice of its growth prospects when the climate agreement is ratified.
However, it was the SMS alert from JournalTranscript Micro Cap Newsletter portal that triggered the rally on GSPI. Here is the screen shot for today’s alert on GSPI. To receive our breakout alerts, all you need to do is sign up for our Premium Text Message list. Just grab your cellphone and Text the word “Avauncer” to “95577”.
Green fuel provider
Green Star Products (OTCMKTS:GSPI) is in the business of developing and manufacturing innovative and affordable environmentally friendly products. Its portfolio of products includes algae-based biodiesel, lubricants, coatings and cleaners. The company also develops devices that lower greenhouse emissions and improves the fuel economy in power plants, machinery and vehicles.
Improving quality of environment
Green Star Products (OTCMKTS:GSPI) claims on its website that its products improve the quality of life and the environment. Now, there lies the big deal. With escalating concern over environmental degradation because of enormous amounts of greenhouses being released to the atmosphere, pressure is nations to act quickly on climate change.
The record turnout for the signing of the Paris climate deal is already an indication that nations are responding positively to the call to curb global warming. After the signing of the agreement, what will follow will be for the individual countries to ratify the accord.
Demand for clean energy and emissions regulators
Halting global warming will involve reducing the usage of fossil fuels. Green Star Products (OTCMKTS:GSPI) is a provider of a wide range of fossil fuel alternatives. The other area of focus will be improving fuel efficiency in automotive and other machinery. Green Star also boasts a portfolio of devices that allow manufacturers to improve the fuel efficiency of their products.
As such, investors are betting that Green Star has a huge growth opportunity ahead once the Paris deal is signed and subsequently ratified.
Green Star Products (OTCMKTS:GSPI) broke its string of annual losses by posting a net income of $16,000 in 2015. Revenue for the year was $132,000. The last time the company posted an annual profit was 2008, but at the 2015 call, management provided a glossy outlook for the future. That future now looks much better with the Paris climate deal in place.