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.
Company Snapshot:
| Trading Symbol: | NASDAQ: WEST |
| Last Price: | $0.50 |
| Avg Vol (3 month): | 125,576 |
| Avg Vol (10 day): | 639,271 |
| Market Cap: | 6.92M |
| EBITDA (ttm): | -6.60M |
| Total Cash (mrq): | $1.95M |
| Shares Outstanding: | 13.84M shares |
| Float: | 10.39M |
| Top Institutional Holder: | 158.486 shares The Vanguard Group, Inc. (as of 9/30/2011) |
| Top Mutual Fund Holder: | 71,979 shares Vanguard Extd Mrkt Indx Fnd (as of 9/30/2011) |
| Contact Information: | 1475 S. Bascom Ave. Suite 101 Campbell, CA 95008-0528 USA |
| Investor/Analyst inquiries: | Matthew Selinger Genesis Select 303-415-0200 ext 108 mselinger@genesisselect.com |
| Analyst Recommendations: | (current month) |
| Strong Buy | 0 |
| Buy | 0 |
| Hold | 2 |
| Underperform | 0 |
| Sell | 0 |
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.
About AimHighProfits.com
AimHighProfits.com strives to provide you with the hottest stock alerts in the market in Real-Time. We focus on stocks that trade for $5 per share or less, some as little as a few pennies with upside potential. Our goal is committed to producing and publishing the highest-quality insight and analysis of small-cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions and to inform you of the best stocks in the market before they move. Our focus is primarily on OTC stocks in the stock market today which have traditionally been ignored by Wall Street.
We have particular expertise with internet stocks, gold stocks, renewable energy stocks, biotech stocks, oil stocks and green energy stocks. There are many hot penny stock opportunities present in the OTC market every day and we seek to exploit these hot stock gains for our members before the average daytrader is made aware of them.
Aim High Profits Disclaimer
This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. AimHighProfits.com is a wholly-owned subsidiary of Kelevra Media Innovation.
While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
ShareJAN
