American DG Energy Makes Shareholders Happy Again

American DG Energy Makes Shareholders Happy Again

American DG Energy Inc. (NYSE: ADGE) is an On-Site Utility provider offering clean electricity, heat, hot water and cooling solutions to hospitality, healthcare, housing and fitness facilities. The Company announced yesterday is has eliminated $9.3 million in convertible debentures that would have caused significant dilution to American DG Energy’s existing shareholder base if converted. This may have had something to do with the 70% gain during the market session arriving at $0.41 cents for the close on 2.3m shares traded, far above its 177,000 share volume average.

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