Solarwindow Technology Inc (OTCMKTS:WNDW) Attempts Recovery

After a devastating couple of sessions that shaved a good 40% of the share price of Solarwindow Technology Inc (OTCMKTS:WNDW), the stock is making a move to regain some lost ground. Yesterday WNDW closed 14% up, with share volume cooling off to half a million shares traded.

The company was climbing the charts in leaps and bounds, helped along by the promise of a webcast that was supposed to show its solar window product in action, generating clean energy. Investors worked themselves up in quite a frenzy ahead of the webcast and bought WNDW all the way up to four dollars per share. Then the so-called ‘webcast’ hit the wire.

The company was perhaps hoping for a very different outcome of the situation but it’s also safe to assume that investors actually expected a webcast, as in ‘an Internet broadcast of a live event’. Instead they got a pre-recorded, pre-cut video containing a lot of pretty advertising imagery and a short portion showing how a solar window was allegedly powering a string of what looked like LED lights.

The discrepancy between investor expectations and what the video really delivered became apparent immediately, as WNDW reversed minutes after putting up the PR and the video. By the end of the same session the stock was down 22%. Friday shaved another 22% off the share price. WNDW managed to bounce yesterday without dipping its toes in oversold territory, which is a commendable feat of its own.

The company keeps talking about bringing its product to market but there is no clarity regarding when the solar window panels will be commercially available. The company’s latest 10-Q report states that the company cannot predict when the product will be commercialized or how much it will cost to get to that point in time.