Good morning everyone,
Solar 3D Inc. (NASDAQ: SLTD)
Solar 3D has been known to make big moves with news and earnings. If you look at recent company news Solar 3D has been winning new contracts and the stock has yet to react. We believe the street will catch on to this and the securities will react. We especially like some of the comments by CEO, Jim Nelson in their last investor conference call, see below.
Excerpt from the last investor conference call.
Jim Nelson, CEO speaking—“So, for our operational highlights for quarter-one, we were very busy. The big news of our first quarter is that we uplifted to the NASDAQ during March of 2015, and we raised $12.5 million, which netted to $11.2 million, thanks to the great efforts of Cowen and Company, for whom we have the deepest respect, and our attorney, Sichenzia. And we are so thankful for their help.
We completed the acquisition of MD Energy also in early March. Grateful to have Danny Mitchell as part of our management team, and feel great about the direction that MD Energy is going.
A couple of important metrics that I would like to share with you. We booked new sales — not new revenue but new sales — of $17.3 million during Q1 of 2015 versus $3.3 million of Q1 of 2014, which was over a 400% increase. Our ending backlog during the quarter, which I think is one of the key metrics that you’ll want to consider as these quarters go by, was $14.7 million at the end of quarter-one 2015 versus $2.3 million at the end of quarter-one 2014.
We secured a $2.4 million contract to install complex solar system designed to protect against rising utility costs. We are starting to look at many, many of these much larger contracts as well, and have an opportunity to announce some of those as we sign contracts going forward.
Expanded operations into Nevada at the beginning of January, and have a very fine management team there and have had success beyond what we had hoped for so far. We also reported growing market opportunity created by widespread adoption of solar energy in the farming market, which was cited by Renewable Energy World. We launched a proprietary referral program, with which we are having great success in expanding our residential solar market. We call that referral program our Power Pay Plan.”
Share structure, 52 week range and current price.
Outstanding 17.7M
Float 14.56M
Insider and institutional ownership approx. 24%
$1.56 – 8.88
Current- $2.98/share
Recent news
July 16th, 2015- Solar3D’s SUNworks Division Contracted by Several California-Based Agricultural Companies for Solar System Installation
July 14th, 2015- Solar3D Reports SUNworks Unit Wins $1M in Nevada for Design, Installation of Commercial Solar System
July 9th, 2015- SLTD was chosen for the Russell Micro-cap Index
June16th, 2015- Solar3D’s SUNworks Division Secures $3 Million in Two New Agricultural Solar Contracts
About SUNworks
SUNworks is a commercial and residential division of Solar3D, Inc., a leading solar power company and the developer of a proprietary high efficiency solar cell. SUNworks is focused on the design, installation and management of solar systems for agricultural, commercial, and residential customers. SUNworks has delivered hundreds of 2.5 kilowatt to 1-megawatt commercial systems and has the capability to deliver systems as big as 25 megawatts. SUNworks serve commercial, agricultural and residential customers throughout California and Nevada.
Zack’s opinion
http://www.zacks.com/stock/news/175253/solar3d-sltd-q1-revenues-jump-yy-driven-by-acquisitions
SunWorks website: http://visitsunworks.com/
We will be back with more,
The Team
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