Solarwindow Technologies Inc (OTCMKTS:WNDW) Slips and Slides
After a couple of brief attempts to push back up and recover from an ugly late August crash, Solarwindow Technologies Inc (OTCMKTS:WNDW) is now red once more. On Friday the stock slipped under its 50-day moving average to close at $2.43 per share, or 6.5% down.
WNDW was getting a lot of people excited when it announced it will run a webcast showcasing its solar generation technology in a “first-ever” demonstration. Sadly, the webcast was a pre-recorded video and not an actual broadcast, and the demonstration it contained was far from satisfactory. The hype that got WNDW up to nearly $4 per share burst like a soap bubble and the stock raced downhill.
The crash was followed by a few undulating movements in both directions. It seems that WNDW is just reluctant to even touch $3 per share again. The stock is slipping down once more, having lost nearly 10% over the course of the last two market sessions.
A very big part of the issue with WNDW and its solar power generating window panes is that as of the moment, the company has no idea when its product will be commercially available. The company’s latest quarterly report states that WNDW cannot “accurately predict” how much more time and money it will take to commercialize the SolarWindow technology. The fact that there is PR that speaks of working “towards commercialization” that dates back to the first half of 2013 is not too encouraging.
The company put up a confusing new 8-K filing on the last day of August. The filing informed of yet another in-house estimation of how much electricity the technology “may” generate, followed by a bunch of factors that may cause mileage to vary and make the original statement even more meaningless.
