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Stock impact report

Octopus Energy acquires solar and storage company Exagen Group [Yahoo! Finance]

Exagen Inc. (XGN) 
Last exagen inc. earnings: 3/25 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Littman stated: “I founded Exagen to deliver and manage a robust pipeline of UK renewable energy projects with the mission of fighting climate change. “Having built a talented team to drive this vision forward at pace, I am proud to pass the baton to Octopus, who will continue to deliver projects and expand the platform to new heights. "The initial investment from Octopus provided the foundation for Exagen's success. With this buyout, Octopus is now positioned to further advance our mission of meeting the UK's renewable energy targets by 2035." The acquisition, which follows an initial investment by Octopus for a 24% stake in August 2022, is executed on behalf of the Octopus Energy Development Partnership (OEDP) fund. This move is set to support Exagen's long-term growth as its project pipeline progresses towards construction. Octopus Energy Generation manages close to £7bn worth of renewable energy projects worldwide. The company's expansion through the Exagen acquisitio Show less Read more
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