Solar Power, Inc. (OTCMKTS:SOPW) Slumps Despite PR

[[tagnumber 0]][[tagnumber 1]]Solar Power, Inc. (OTCMKTS:SOPW) has been one of the most successful stocks on the OTC markets during the past several months, gaining nearly 1000% in value while attracting significant investor attention.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]It couldn’t be any other way, considering all the optimistic press releases coming from the company that show us that [[tagnumber 6]]SOPW [[tagnumber 7]]are working hard on developing their business. The balance sheet of [[tagnumber 6]]SOPW [[tagnumber 7]]also looks quite nice compared to other companies listed on the OTC markets.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 13]] [[tagnumber 14]]cash: $5.85 million[[tagnumber 15]] [[tagnumber 14]]current assets: $17.24 million[[tagnumber 15]] [[tagnumber 14]]total assets: $72.84 million[[tagnumber 15]] [[tagnumber 14]]current liabilities: $44.09 million[[tagnumber 15]] [[tagnumber 14]]total liabilities: $56.85 million[[tagnumber 15]] [[tagnumber 14]]quarterly revenues: $9.94 million[[tagnumber 15]] [[tagnumber 14]]quarterly net loss: $2.17 million[[tagnumber 15]] [[tagnumber 28]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The company has also been busy closing private placements in the past several months, which has increased the share count quite a lot and unfortunately caused some dilution that might strike hard, considering that the current market cap is above [[tagnumber 6]]$1 billion[[tagnumber 7]].[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 36]][[tagnumber 37]][[tagnumber 2]] [[tagnumber 0]]In that line of thought, [[tagnumber 6]]SOPW [[tagnumber 7]]was reaching for the $3 per share mark recently, but it seems that the price got too high and the ticker has experienced a significant drop on relatively high volumes.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]At first sight all was going well after the company stock gapped up in Monday’s sessions, but the massive trading pushed the price down. At the end of the session [[tagnumber 6]]SOPW [[tagnumber 7]]was sitting 10% lower than the previous day, while the 1.1 million shares that changed their owners generated $2.88 million in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Yesterday’s session also finished in the red, however, with a quite smaller percentile loss of 0.79%. Investor interest was significantly smaller, which might have had its impact on the small movement, but [[tagnumber 6]]SOPW [[tagnumber 7]]still registered a daily dollar volume of $1.9 million.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Today the ticker has slid once again and as of the time of writing of this article is sitting 5.60% lower at $2.36 per share. Considering the massive dilution and inflated market cap due diligence is a must.[[tagnumber 2]]