Down -98.13% year-to-date, the California based solar energy integrator, Sunvalley Solar Inc. (SSOL), showed some life this week ending an 16 month slide. After reverse splitting their shares to a minuscule number and preparing to report Q3 numbers which should include their 112KW solar system installation contract from a food manufacturing company in Santa Ana, CA, SSOL stock is looking more an more attractive for those who can afford to wait a few years for a monster return.
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SSOL Stock Chart
Market Cap: 411.60K
Close: 0.042, up 0.007 (20.00%)
Dollar Volume: $5,272
Average Trade Size: 4,735
Issued and Outstanding: 9,800,623
Reverse Stock Split: 1-for-500, Aug. 10
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The steady increase in demand for commercial solar energy in Southern California bodes well for Sunvalley Solar. Although Q2 was positive with net income of $98,279 from operations, this year has, so far, been a bit of a let down, to say the least. Revenues for the first six months of 2012 are roughly one third those of the first six months of 2011: $941,708 versus $2,738,383, respectively. The affect has had a huge impact on the PPS of SSOL stock.
However, the newest project, scheduled to have begun last month, is a joint venture project with Blue Earth, Inc. (BBLU) which, unlike SSOL, has not had the negative PPS activity since the beginning of the year. BBLU stock is currently trading at $1.35, up 3.85% since the start of 2012. The 112KW joint venture project is contracted to be a system capable of generating 160,338kWh of electrical power annually utilizing 448 pieces of high efficiency, 250 Watt Mono-crystalline solar panels.
Looking into the future of the revenue generating solar energy maker, Sunvalley Solar, all the major retailers out there are becoming more and more aggressive in their pursuit to implement on renewable energy. The leader of them is unsurprisingly Wal-Mart (NYSE: WMT) which, by capacity, powers off of 144 solar power systems generating 65 megawatts — the amount needed to supply power to over 14,600 homes. Wal-Mart had most of its installations completed by SolarCity who is set to IPO soon and trade under the symbol SCTY once it debuts.
Wal-Mart, having already saved roughly $1 million in operating costs after installing solar panels at several of its retail locations, is targeting 1,000 operating solar power systems within the next 8 years. The path paved by the retail giant’s goal of powering each and every one of its stores with 100% renewable energy has triggered an spark in the growth of Solar Energy.
We all know solar growth rates remain strong, and with commercial installations really starting to bolster much of this growth, it’s definitely a good time to be a solar installer and Solar Valley’s recent share structure changes could be the invitation needed to spark interest in SSOL stock.
About SSOL Stock
Sunvalley Solar, Inc. is a a California-based solar power technology and system integration company focused on developing their expertise and proprietary technology to install residential, commercial and governmental solar power systems. The Company offers turnkey solar system solutions for owners, builders and architecture firms that include designing, building, operating, monitoring and maintaining solar power systems.
Sunvalley Solar holds a C-46 Solar License from the California Board of Contractor License which allows them to to design and install large scale solar power systems using their proprietary technologies in solar installation to provide their customers, from small private residences to large commercial solar power users, with a high quality, low cost and flexible solar power system solutions.
Click here to view the SEC filings for SSOL.
Bottom Line: SSOL is a great penny stock to have on the long list. After the changes to the capital structure made, the worst may be in the past for SSOL stock allowing fresh faces to the solar power integrator to benefit most.
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