Solar Power, Inc. (OTCMKTS:SOPW) Keeps Rising
[[tagnumber 0]][[tagnumber 1]]Solar Power, Inc. (OTCMKTS:SOPW) has definitely been one of the best choices for investment in the middle of the year, as you can clearly see from their chart. The regular press releases and the solid business have been attractive to many investors and [[tagnumber 2]]SOPW[[tagnumber 3]] is one of the few OTC stocks that has brought smiles to its shareholders in the summer.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]Lately, there has been some hesitation and we saw a series of sessions end with a percentile movement below 1%. We also see smaller volumes compared to last month when the ticker was booming, but [[tagnumber 2]]SOPW[[tagnumber 3]] still gets its fair share of attention.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]Its financials also show us that [[tagnumber 2]]SOPW[[tagnumber 3]] is a solid business, although still in the process of trying to operate at a profit and cut down liabilities and losses. The numbers of prime interest from the report for the second quarter of the year prove this.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 19]] [[tagnumber 20]]cash: $5.85 million[[tagnumber 21]] [[tagnumber 20]]current assets: $17.24 million[[tagnumber 21]] [[tagnumber 20]]total assets: $72.84 million[[tagnumber 21]] [[tagnumber 20]]current liabilities: $44.09 million[[tagnumber 21]] [[tagnumber 20]]total liabilities: $56.85 million[[tagnumber 21]] [[tagnumber 20]]revenues: $9.94 million[[tagnumber 21]] [[tagnumber 20]]net loss: $2.17 million[[tagnumber 21]] [[tagnumber 34]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]With the flurry of press releases we are not quite sure if the announcement that [[tagnumber 2]]SOPW[[tagnumber 3]] will be attending the Solar Power International 2014 was the reason for yesterday’s interest in the stock, which pushed the ticker 7.47% further up, to a close at $1.87 per share while recording $746 in daily dollar volume.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]More optimistic news are coming in today that suggest SOPW is indeed working at full speed. A few hours ago it was announced that its wholly owned subsidiary, [[tagnumber 2]]Xinyu Xinwei New Energy Co., Ltd[[tagnumber 3]] has signed an agreement for a 100 megawatt solar PV project in the People’s Republic of China.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]This might push the stock over the $2 per share mark, but it is very good to keep in mind the massive dilution that [[tagnumber 2]]SOPW[[tagnumber 3]] has endured over the course of 2014 that we discussed in our previous article.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 54]][[tagnumber 55]][[tagnumber 4]] [[tagnumber 0]][[tagnumber 2]]SOPW’s[[tagnumber 3]] market cap is also quite high, sitting at $648 million, so it will be a good idea to do your due diligence and weigh out the risks before deciding to invest.[[tagnumber 4]]