Westinghouse Solar, Inc. (NASDAQ: WEST)
Westinghouse has stood for innovation and reliability for over 100 years now. 10 years ago in 2001, Westinghouse Solar, Inc. which engages in the design, manufacture, integration, and installation of solar power systems began under the Westinghouse name. WEST offers solar power systems for residential and commercial customers and also designs and distributes solar panels with integrated micro inverters (called as AC solar panels).
Westinghouse Solar has more than 25 pending and/or issued patents related to solar panel installation technology. WEST sells its AC solar panels to solar installers, trade workers, and do-it-yourself customers across multiple channels that currently include a growing one-step distribution network of Westinghouse Solar Authorized Dealers throughout US, Canada and Puerto Rico such as Real Goods Solar, Inc. (NASDAQ: RSOL). West also sells through retail at the Lowe’s (NYSE: LOW) Home Improvement stores and OEM partnerships with companies such as leading HVAC equipment manufacturers.
Westinghouse Solar Power Systems:
- Provide higher reliability through integrated racking, wiring and grounding
- Are factory assembled for dependability, requiring 80% fewer installation parts
- Deliver 5% to 25% more electricity than ordinary solar panels
- Are simpler and easier to install
- Offer a sleek, low-profile design that looks great on your home or business
- AC panel systems expand with ease, so your solar power can grow with you
- Are backed by the 25-year Westinghouse Solar Panel Warranty
- Deliver a beautiful looking, award-winning solar power system
Westinghouse Solar’s stock is traded under the symbol WEST on the NASDAQ Stock Exchange and has 34 listed full time employees.
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|Top Institutional Holder:
The Vanguard Group, Inc.
(as of 9/30/2011)
|Top Mutual Fund Holder:
Vanguard Extd Mrkt Indx Fnd
(as of 9/30/2011)
|1475 S. Bascom Ave.
Campbell, CA 95008-0528
303-415-0200 ext 108
Earlier this week, Westinghouse Solar, Inc. received an equity investment from CBD Energy Limited (ASX: CBD), a diversified renewable energy company based in Sydney, Australia. In addition to the investment, the companies have agreed to explore a broader strategic relationship. Under the terms of the investment, WEST issued common stock at a price of $0.60 per share for gross proceeds of $1,000,000. WEST stated the company will use the additional working capital from the investment to help fund the company’s continued growth in the US market.
Fourth Quarter Outlook
Current analyst expectations for the fourth quarter 2011 non-GAAP EPS is ($0.13) to ($0.08) and for non-GAAP revenue is $4.3 million to $8 million. Analysts expect fourth quarter 2011 GAAP EPS of ($0.11) to total ($0.38) for the fiscal year ended December 31, 2011.
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