With SolarCity Corporation (SCTY) having gained 460% since its IPO back in December of last year, much more attention is being paid to the other companies in the sector. After bottoming out prior to the real power of the sun this summer, shares of Solar Power, Inc. (SOPW) have been fully charged, gaining over 1,200% in the process. With a new President in place and a significant Q2, could the sunshine keep pushing SOPW stock for a double from its current level?
Our Next Pick Is Coming Soon! Click HERE To Make Sure You Don’t Miss Any Of Our Breaking Alerts!
SOPW Stock Quote
Market Cap: 68.78M
Last: 0.346 ▲ +0.051 (+17.29%)
Dollar Volume: $270,520
Issued and Outstanding: 198,214,456
14-Day Rel Strength: 75.54%
1st Resistance Point: 0.3827
1st Support Level: 0.3139
Looking for Hot Penny Stocks?
Click here To Receive FREE Penny Stock Alerts
With their proprietary SkyMount® system installed in both the world famous STAPLES Center and Nokia Theater in Los Angeles, California, Solar Power Inc. is no NKOTB when it comes to being a powerhouse in the renewable energy business. Heck, in 2012 and 2011, the Company had revenue bookings of $64.42 million and $108.3 million, respectively, for the year before hitting a wall in Q1, 2013 when they booked just $1.77 million, barley enough to cover their cost of goods sold.
As with any good recovery of a penny stock, Q2 was a significant improvement for Solar Power as revenues increased to $4.2 million for the 3 months ended June 30, 2013. They still had a $10 million loss for the 6 months ended June 30 and an accumulated deficit of $33.8 million, but their parent company, LDK Solar Co., Ltd. (LDK) which owns roughly 71% of the outstanding SOPW stock Company made sure some proper financing arrangements could be made to keep the doors open and the orders coming in.
In an effort to straighten out the bottom line numbers and improve efficiency, Solar Power decided to offer Charlotte Xi $300,000 to bring her 6½ years experience from Canadian Solar Inc. to the Company. Having been positioned as high as the Senior Vice President of Global Operations after being promoted from Vice President of Overseas Operations and Vice President of Finance, the impact has been felt by SOPW shareholders.
Traders who have targeted SOPW stock over the last 6 months have silently made impeccable gains to their portfolio’s while others sit back checking their emails for the next APS promo to hit. SOPW basically represents the fact that, even in the summer months and without needing any kind of an awareness campaign to toot up the PPS, OTC listed revenue generators are always subject to 10-bag on you.
About SOPW Stock
Solar Power, Inc. and its subsidiaries is a global solar energy facility developer offering high-quality, low-cost distributed generation and utility-scale solar energy facility development services.
Click here to view the SEC filings for SOPW.
Click here to view the website for Solar Power.
Last 4 Trading Sessions:
The progress SOPW has made off of a quarter where revenues were only $4 million should be a sign for things to watch for. Having booked $100 million in 2011, $64 million last year, SOPW stock still never saw its penny stock trade above $1 meaning that this run its been on could be very close to the ceiling. Stepping in when this pulls back a bit could make for a nice run towards 0.50.
Our Next Pick Is Coming Soon!
Text Keyword “AIMHIGH” To 99000 To Make Sure You Don’t Miss It!