Solar energy focused penny stocks like Solar3D, Inc. (SLTD), up 0.21 (350%) since late July, have been monumental winners for traders who have jumped on the stars and ridden them upwards. Another solar energy player, Arista Power, Inc. (ASPW), is making some of its own moves upwards over the past few trading sessions without very many investors even noticing the already 200% gains since the start of the month. Seeing as how the thought of grabbing hold of a rising star is a pattern we’ve been known to do quite often, the recent low volume run ASPW stock has been on has pushed the envelope far enough to want to see what’s inside.
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ASPW Stock Quote
Like all the other players in the industry, Arista Power designs, sells and installs residential and commercial solar PV systems. What seperates them slightly from the rest is that their patent-pending Power on Demand system utilizes inputs from multiple energy sources including solar, wind, fuel cells, generators, and the grid, in conjunction with a custom-designed battery storage system and a proprietary smart monitoring technology that releases energy at optimal times to reduce electricity costs for large energy users.
During the first 6 months of 2014, Arista Power saw a drop off in sales, booking just $161,574 and $291,444 during the 3 and 6 months ended June 30, 2014, respectively, compared to $328,617 and $437,260 for the same respective periods in 2013. However, one great achievement was that total gross margin, despite being lower total sales, increased to $25,907 and $60,984 for the 3 and 6 months ended compared to $4,003 and $(84,585) for the same periods last year, indicating that a very sharp corner had been turned during 2014.
Although it will take a significant amount of sales for even a better gross profit to be able to make Arista Power self-sustainable from having to borrow monies, the decrease in current liabilities from $3,269,150 at the end of 2013 to $2,772,191 as of June 30, 2014 is another plus-plus for ASPW stock. With warrants 11,250,000 shares at $0.25 exercise price per share, the drive upwards from 0.06 on Thursday seems more than a good trade, despite being very low volume.
The last time anyone publicly heard from Arista Power was back in April when they announced the raising of $1.4 million through shares and the above mentioned warrants. If they can muster up some vroom-vroom news like they did in 2013 when they received an order valued at $574,000 for a 166kW solar photovoltaic array from Stan’s Harley-Davidson dealership in Batavia, New York, there’s a chance ASPW could see it’s day in the sun real soon.
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About ASPW Stock
Arista Power, Inc. is a developer, integrator, and supplier of custom-designed power management systems, and a supplier, designer and installer of solar energy systems.
Click here to view the SEC filings for ASPW.
Click here to view the website for Arista Power, Inc.
Authorized: 500,000,000
Issued and Outstanding: 20,236,556
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Chg | Volume |
| 11/10/14 | 0.1080 | 0.1750 | 0.1080 | 0.1700 | +0.0750 | +78.95% | 123,326 |
| 11/07/14 | 0.0800 | 0.0950 | 0.0800 | 0.0950 | +0.0150 | +18.75% | 40,900 |
| 11/06/14 | 0.0600 | 0.0800 | 0.0600 | 0.0800 | +0.0200 | +33.33% | 18,200 |
| 11/05/14 | 0.0600 | 0.0600 | 0.0600 | 0.0600 | -0.0001 | -0.17% | 600 |
| 11/04/14 | 0.0600 | 0.0601 | 0.0600 | 0.0601 | +0.0001 | +0.17% | 700 |
Bottom Line:
With SLTD currently the 3rd most traded of all the OTC listed penny stocks and volume already well over $2,000,000, the minuscule OS of ASPW might just bring some groups in to push the coins further. There isn’t any chatter on the message boards as of yet, but like we’ve seen before, ASPW stock could see 6-figure volume more often now that we’ve opened up the door for it.
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Please read and understand our rules very carefully:
1. Penny Stocks can be very dangerous, unless you understand the risk involved with them do not try to trade them. Many go up fast and can drop just as fast;
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