Core Insights - Green Rain Energy Holdings, Inc. provided an update on its electric vehicle infrastructure initiatives, audit process, and market activity, indicating ongoing execution across multiple fronts [1] EV Infrastructure Initiatives - The expected completion date for the Rochester EV charging project at 1600 West Ridge Road is now set for the end of January 2026, due to coordination with the local utility for necessary installations [2] - The utility is expected to complete the installation of a new electrical pole next week, after which switchgear installation will begin, preparing the system for commissioning [3] - The first Driftwood Hospitality EV charging installation in San Diego is set to begin installation of Level 2 EV chargers, with plans for a Phase 2 upgrade to Level 3 fast chargers later in the year [4] Audit Process - A formal kickoff meeting with an independent audit firm has been scheduled, marking the start of the audit process, which is seen as a key milestone for enhancing financial transparency and corporate governance [5] Market Activity and Investor Confidence - There has been a significant decline in reported OTC short interest from a peak in October, indicating improving investor sentiment, with short interest dropping from 31,668 on October 15, 2025, to 26,007 by December 15, 2025 [6][7] - Management believes that project execution, infrastructure investment, audit initiation, and improved shareholder communication are contributing to growing investor confidence [7] Management Commentary - The CEO emphasized the focus on execution and transparency, highlighting the progress in the Rochester project, installations in San Diego, and the launch of the audit process as foundational steps for long-term shareholder value [8] Company Overview - Green Rain Energy Holdings Inc. is a clean-energy development company based in Wyoming, focusing on EV charging networks, solar installations, and energy-efficiency programs under a scalable ESCO model, which allows for performance-based revenue without incurring debt or diluting shareholder equity [8]
Green Rain Energy Holdings, Inc. (OTC: GREH) Provides Project Updates on Rochester EV Site, Announces San Diego Hospitality Installation, Audit Kickoff, and Improved Market Metrics
Prnewswire·2026-01-07 18:30