Sneaking out some pretty big news late on Friday afternoon, the penny stock of Solar Thin Films, Inc. (SLTZ) is sure to see a surge in volume beginning tomorrow. Announcing that they signed a contract, effective September 13, 2013, for the design, supply and construction of 3 photo-voltaic solar fields in West Virginia, SLTZ stock could use this positive news to continue it’s recent uptrend. Although they had already announced the agreement with Tri-State Solar/Wind Energy LLC, this time might be a bit more effective since summer is over and PWEI sucks donkey farts.
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SLTZ Stock Quote
Market Cap: 38.89M
Friday Close: 0.82 ▲ +0.04 (+5.13%)
Dollar Volume: $28,391
Issued and Outstanding: 47,428,909
14-Day Rel Strength: 40.94%
1st Resistance Point: 0.8533
1st Support Level: 0.7734
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For the 6 months ended June 30, 2013, Solar Thin Films hadn’t recorded a single $1 for revenues. However, the environmentally conscious company working to bring new products to market with a strong focus on Fiber Reinforced Plastics technology, as well as waste to energy and solar energy, has been extremely aggressive on the PR front.
In July, Solar Thin Films announced its first contract to construct an Eco-House in Highland Park, New York on the site of a single family home that was completely destroyed during Hurricane Sandy. One week later, the agreement with Tri-State Wind Energy LLC to construct 3 solar fields, which were said to be able to initially produce 35 MW of electricity annually, came out at which time, SLTZ stock was thinly traded above $1.
August was when volume really kicked in for SLTZ stock to the tune of around 225,000 shares on 2 sessions after announcing a $10 million agreement-in-principle to design, supply and construct a modular school and clinic in Uganda, Africa. That was enough to keep SLTZ active for a little more than a week which not even the report on August 21 of the completion of the first installation of Solar Thin Films’ Smart Solar Tracking System at a PGA-authorized golf course, Manhattan Woods, in Pearl River, New York could resurrect interest.
When a clarification of a recent report of a “not-formally acquired” Solar Potables Business, Inc., SLTZ stock finally broke below the $1 level. Acquired or not, the Company is spreading itself around to get as much exposure, whether it’s in New York or Uganda, to gain some attention. Based on how high the share price had been heading into September, it would take more than just some agreements to keep it up that high.
Making itself more attractive with a bounce off of .60 on Tuesday of last week, it finally looks like the $97,500 that was meat to draw attention to SLTZ might finally get it’s money’s worth.
About SLTZ Stock
Solar Thin Films, Inc. is a development stage technology company focused on developing and manufacturing innovative light-weight fiber reinforced shipping containers, storage units and housing units and designing, installing and leasing solar power systems to commercial and residential customers.
Click here to view the financial filings for SLTZ on OTCMarkets.
Click here to view the website for Soar Thin Films.
Last 5 Trading Sessions:
Seeing as how volume on SLTZ stock failed to break past 225,000 during the summer months when shares of the pinksheet listed penny stock were above $1, cooler weather conditions might do the trick. If volume should happen to surpass 50,000 prior to 10AM EST on Monday, it could be a very interesting week for SLTZ, especially for those who took positions last week.
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