The Little Solar Company that Could
I harken back to the days of my youth when my mother would read to me the story of “The Little Engine that Could”. If he believed in hhimself , he could accomplish whatever feat that was set before him. “I think I can” “I think I can” “I think I can”.
Solar3D is that little engine in my mind today, and to be truthful, I have not been so excited about the possible future of one stock and one company in quite some time. I typically do not invest too much in the small cap arena, unless I happen upon something transformative to the way we currently do things… but solar3D happens to be one of those stocks and companies I cannot ignore.
Solar3D for all intense purposes is a developmental stage company who is on the brink of no longer being considered developmental. Just recently, they completed the 3rd generation prototype of their 3D solar cell and are ready to take the next phase in finding a partner for manufacturing and marketing of the new design.
Dr. Changwan Son, Solar3D's Director of Technology, commented, "We are pleased to have completed our next prototype. We are very encouraged by our lab results and have concluded that it is time to prepare to take the next step toward commercialization by working with a manufacturer partner."
Once a manufacturer has been selected and partnered with, the next phase will be to create a working solar panel for field testing and then manufacturing and marketing of the 3D panels to the overall market.
Solar3D cell design uses principles gleaned from fiber optics in that it uses design features that allow it to collect light energy at a higher rate of absorbency then current 2D solar cells do. Current cells have not changed much over the last two decades, and for them to be econimocally feasable for the average homeowner or business, they must be manufactured with a lower cost per KW. The 3D panels from solar3D do exactly that. In trial runs, they have proven to be almost twice as efficient in collecting the suns rays from many different angles, which would prove beneficial in both morning, evening and during the different seasons of the year when the sun is not directly overhead.
Fundamentals are impressive
Solar3D just recently acquired SUNworks solar in January of 2014 and has just recently released their full 2nd quarter results with SUN factored into their revenue stream. SUNworks sales grew by 600% from the previous quarter with revenues of $7.5 million dollars resulting in profits of over $762,000. This type of growth is very exciting to see from a small company with asperations to be the fastest growing and most profitable solar company in the sector.
"We are thrilled with our second quarter results, which have surpassed our initial expectations," said Jim Nelson, CEO of Solar3D. "SUNworks' revenue and profit margins are outstanding — with sales for the quarter approaching the sales level of all of 2013, and profit already exceeding the previous year. Our future looks brighter than ever."
Conclusion
Indeed, this type of growth could very well put solar3D on the radar of many investors in the near future. If they are able to maintain their growth stategy, and keep costs under control they could be in store for a very good end to 2014 and have a bright future beyond. This of course is only factoring in the SUNworks portion of their business model and does not take into consideration the manufacturing and marketing of 3D solar panels. Both of those two combined could put solar3D into a place that no other solar company could compete with.
I tried to submit this to SA but did not meet their price/market cap requirements. Hate for it to go to waste. Comments would be greatly appreciated since this would have been my first SA article.
