SPI Solar’s (OTCQB: SOPW) share value and volume skyrocketed Sept. 19, with 1 million shares changing hands, nearly double its 30-day average volume of 500,870.
At the same time, SPI Solar’s share value closed at $1.34 a share, up 16 cents, or 13.56%, over the previous day’s close of $1.16.
This unprecedented surge comes on the heels of a flurry of positive announcements recently made by the Roseville, Calif. solar energy company.
Here’s a summary of some of the latest news regarding SPI Solar:
- Sept. 18: SPI Solar subsidiary is purchasing and developing 19 megawatts of Solar PV projects in Shandong Province, China.
- Sept. 17: SPI Solar announces completion of $25-million private placement.
- Sept. 16: SPI Solar announces developments in the Solar PV market in Hawaii
In addition to this, SPI Solar’s latest 10-Q covering up to Jun. 30 paints a decent financial picture for any alternative energy penny stock:
- Quarterly revenue: $6.3 million
- Quarterly net loss: $1.3 million
- Cash: $5.8 million
- Current assets: $17.2 million
- Current liabilities: $44 millionDilution Issue
If there is one negative issue that could be a problem for SPI Solar it is that its outstanding shares grew from about 198 million on Apr. 30 to more than 334 million on Aug. 19, according to its last two 10-Qs.
This could end up stalling its upward climb if shareholders interpret this as a dilution issue.
Find out what could be the best investor’s move when it comes to SOPW by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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Solar 3D Racks Up $223,000 Net Profit
Solar 3D Inc. (OTCQB: SLTD) experienced lackluster share volume Sept. 19, with 1.5 million shares changing hands, way below its 30-day average volume of 5.1 million.
Nonetheless, its share value has doubled since July 2. Industry observers say the uptick is being triggered by a flurry of positive news and strong financials the Santa Barbara energy company recently released.
For example, on Sept. 11, Solar 3D announced that its SUNworks division is now offering “Battery Storage Systems” with its solar electric systems for customers seeking solar power solutions optimized for increased cost efficiency and reliability.
Strong Financials
In addition, Solar 3D’s second quarter results for 2014 quickly separated it from the pack of most penny stock energy companies. The company managed to generate revenue of $7.5 million and rack up a net profit of $223,000, according to its latest 10-Q.
On Sept, 19, SLTD’s share price closed at 14 cents, unchanged from its close the previous day.
Find out what could be the best investor’s move when it comes to SLTD by getting the complete report here, or by cutting and pasting the following link in your Web browser:
www.pennypickalerts.com
Virtus Oil and Gas Corp.’s Financials Trigger Concern
Virtus Oil and Gas Corp. (OTCBB: VOIL) experienced tepid share volume Sept. 19, with just 387,281 shares changing hands, substantially less than its 30-day average volume of 670,916 shares.
The Houston-based oil and gas exploration company has been quiet recently. On Sept. 2 the company announced that 47 miles of 2D seismic data in the Parowan Project it purchased is currently being reprocessed with advanced processing software. Other than that, you can hear a pin drop.
Meanwhile, Virtus’ latest 10-Q covering the three months ended May 31 speaks loudly and reveal a pretty bleak financial picture:
- Cash: $632
- No revenue
- Current assets: $820
- Current liabilities: $138 , 000
- Net loss: $561,000To say that such a financial snapshot does not engender shareholder confidence is an understatement.
On Sept, 19, VOIL’s share price closed at 1.72, down 1 cent from its close or $1.71 the previous day.
Find out what could be the best investor’s move when it comes to VOIL by getting the complete report here, or by cutting and pasting the following link in your Web browser:
www.pennypickalerts.com
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