Finding good penny stocks in sectors or industries which have a future for the little guy is all about growth. Seeing is believing and IDS Solar Technologies, Inc. (OTC: IDST) could be doing just that right under the noses of traders, especially after grabbing hold of Scott Plantinga, former senior position holder at Berkshire Hathaway-owned Nylok. Although IDST stock is trading at levels very near their 52 week low, recent sales and asset growth, as well as projected sales of new products, are showing all the signs of a cheap, undervalued player in the ever expanding solar energy sector.
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IDST Stock Quote
Market Cap: 4.05M
Dollar Volume: $2,488
Issued and Outstanding: 32,375,364
14-Day Rel Strength: 44.24%
14-Day Stochastic: 92.86%
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Everyone knows the solar industry was beat to bits over the past few years due to high costs of being able to implement the technology in to a depressed recession of an economy where the majority of home-owners are just looking to scrape by. By focusing on industries not pertaining to individuals and the economic factors which play into them, IDS Solar Technologies has been able to persevere through their first year of business by both booking decent some top line numbers while not over inflating their bottom line losses.
Focused on the design and development of solar and power management technologies and incorporates these into its manufacturing and distribution of solar-based portable power stations and devices, IDS Solar was able to report revenues of $12,830 during the three months ended February 28, 2013. While it cost $19,424 to generate the revenues, total operating expenses for the period were just $553,630: general and administrative expenses of $444,450; salaries and wages of $65,619; and professional fees of $43,561. That’s pretty darn good considering the industry averages.
The Company just recently began production of their inaugural product, The Solar Survivor, and have 3 more (the Solar Tote, the Solar Rescue and the Solar Kart 420) scheduled for production by, or around, their Q3 of this year. Each of IDS Solar’s products are said to include features of their innovative storage and charge design with the overall product line marketed as the economical, sturdy and reliable choice for portable solar energy as part of an emergency/disaster preparedness plan or for those seeking an off-grid, odorless, noiseless and non-flammable source of power.
IDS Solar’s Solar Survivor was the very first model ever released and only became available for delivery on January 15, 2013. The unit is said to be a durable solar power electrical generator housed in a rugged hard plastic Styleworks container manufactured by Rubbermaid. It features a 50AH battery from Universal Power Supply, one of America’s premier battery manufacturers.
The Solar Survivor model also features a 45W monocrystaline solar panel, a charge controller and a Windsor 1600 Watt Inverter with 3 AC receptacles, a USB connection, and a remote control switch. An efficient source of solar power collection and generation, the Solar Survivor has a suggested retail price of $999.00.
The addition of Scott Plantinga as EVC should have sent a tsunami of interest across the OTC markets today. With a role of assisting in the oversight of IDS Solar Technologies’ operations (with a heavy focus on manufacturing, assembly and quality control and quality assurance), the certified Six-Sigma manager brings a 20-year record of achievement in operations and manufacturing, culminating in a senior position in Berkshire Hathaway-owned Nylok, a company servicing aerospace, electronics, industrial and automotive industries.
2013 has not been a great year thus far for the Company’s IDST stock which is why it is looking all that much better after having had a chance to see IDS Solar get a product to market and actually book some revenues. With the lack of exposure, small availability of stock, and growth set to occur, IDST looks like a lock for an easy long play and should be added to list of penny stocks for those who have the patience to wait out the summer months.
Note: During the quarter ended February 28, 2013, IDS Solar Technologies sold 55,368 shares of IDST common stock for cash proceeds of $5,998 ($0.108 per share).
About IDST Stock
IDS Solar Technologies, Inc. is a GIIRS-rated “green” energy company that designs and develops solar and power management technologies and incorporates these into its manufacturing and distribution of solar-based portable power stations and other solar-based products for consumer, business, government, and disaster relief applications.
Click here to view the SEC filings for IDST.
Click here to view the website for IDS Solar Technologies.
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There is a lot to love about solar stocks and there is a lot to hate about them as well. IDST though looks like a solid penny stock for value-type investors and is worth a look to see if it fits the criteria needed for a long trade. Surely, IDST stock, from its current level could easily provide ample opportunity for a quick double-digit gain, but with a $0.25 high from 2 months ago, something is screaming “long” on this one, especially if getting in at the recent bid of 0.07 is possible.
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