Solar Power, Inc. (OTCMKTS:SOPW) Gathering Momentum
Solar Power, Inc. (OTCMKTS:SOPW) is gaining more and more in value. After the jump in the end of August we saw the ticker barely moving in September. Since the beginning of the month, however, the company’s stock has gained quite a lot in value, despite the 2 sessions recorded in the red.
The total gain that SOPW recorded from the beginning of the month is around 80% and the ticker seems to be headed to new heights. After the surges from the beginning of the month SOPW‘s percentile movements weren’t that big, but the price is moving strong in an upward direction.
After the small loss that was recorded last Friday SOPW has been slowly gathering momentum in an upward direction, while in the meantime more and more shares of the company’s stock are being traded.
The ticker has finally registered a 2 digit gain in price with 10% in yesterday’s session. The price went up from $0.295 to $0.325 on a volume that was double the average, with a total of 1.1 million shares switching hands, generating a trade value of $371 thousand.
The gain and the increased investor interest might be attributed to the optimistic press releases that SOPW‘s PR team is constantly coming up with. The latest news are about the 2013 Solar Power International exhibit and the participation of SOPW in the final round of the Solar Startup Challenge in Chicago.
This seems to be enough to heat up things and the development of the company is attracting the much wanted investor interest. However, let’s see what SOPW have in their financial report covering Q2 of this year.
- cash: $172 thousand
- total current assets: $75 million
- total current liabilities: $105 million
- revenues: $4.1 million
- net loss: $6.8 million
Despite the amazing revenues that SOPW is generating we see that they have a lot of liabilities and are not capable of operating at a profit at the moment, which is a bad sign. The cash they have on hand is very little and the question of whether they are going to be capable of surviving with such small cash reserves remains.
This is the exact reason for which we would advise you to do your due diligence and weigh out the risks if you have your mind set on investing in SOPW.
On the other hand we see Biozone Pharmaceuticals, Inc. (OTCBB:BZNE) joining Globalstar, Inc. (OTCMKTS:GSAT) in the top of our list with OTC companies generating big dollar volumes with a gain of 22%. GSAT is still going strong with a $3.29 million trade value, despite the fact that it didn’t register any percentile movement in price.
