SunWorks Inc (SUNWQ)

[Intotheblack]

SCTY had to be absorbed because it was failing on its own. VSLR was doing so bad they actually stopped advertising itself as a solar company. I went to a home show last weekend and guess what? There were 10 solar companies there, and VSLR was one of them... the only problem was they weren't selling solar at the home show. They were selling other products... clearly they are in rough shape as well.

Nelson clearly built SUNW with no debt and no reliance on the ITC for a reason, to weather a storm like this where utilities use their power of net metering to work in their favor.

SUNW is a gem because they don't have any debt covenants to worry about breaching, nor do they rely on government incentives to show a profit. They can have slower sales and still not worry about going bankrupt. They can have lower PPS, lower revenue, and lower profits even and not worry about destroying the balance sheet. They aren't locked into any long term agreements and can and might even change business direction further in a fluid motion to continue to grow and thrive despite industry headwinds.

This is a awesome place to be, with solid leadership and strong financials that have already shown they can adapt quickly to the changing environment. We see what happens when those things don't happen. I'm glad to be here. Are you?

Long