What happened Shares of Orbital Energy Group (NASDAQ: OEG) jumped as much as 37.1% in trading Tuesday after the company announced a new partnership. Shares were up 16.9% at 3:25 p.m. EST. So what Orbital announced an engineering, procurement, and construction (EPC) agreement with the newly formed Black Sunrise Half Century Fund. The fund is decommissioning coal-fired power plants across the U.S. and converting them to solar energy. Management expects the partnership to begin providing services in the second quarter of 2021. Image source: Getty Images. This is a sizable agreement considering the Black Sunrise Fund expects to build over 1 gigawatt of solar power plants with its initial investment of $725 million. It'll take time to build out these projects, but they'll deliver revenue for many years for Orbital Energy Group. Now what This is an important contract for a company as small as Orbital Energy Group that is trying to establish itself as a preferred EPC company for developers. The company generated just $13.6 million in revenue during the third quarter and lost $5.7 million. If it can win more deals like this and increase recurring revenue, this could be a great performing renewable energy stock. 10 stocks we like better than Orbital Energy GroupWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now… and Orbital Energy Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source