Today's news release bodes well for stock price. If investors understood the significance of this release, I believe the stock would rise quite quickly. Regardless, I am feeling better and better about this investment in MMMW.
Mass Megawatts Wind Power, Inc. Announces Community Solar Plans
WORCESTER, MA / ACCESSWIRE / April 2, 2014 / Mass Megawatts Wind Power, Inc. (OTCQB:MMMW) today announced plans to offer shared ownership in Community Solar projects. The company would develop and maintain solar power systems that residents and businesses can secure ownership in with the purchase of shares in 1 kW increments. The value of all solar power generation, including tax incentives, would be credited to the investors in proportion to their investment.
There are many advantages realized with a community solar project, also known as a solar farm or solar garden. This includes providing a cost-effective way for residents and commercial electric users, who do not have a suitable location for solar power generation, to invest in solar energy. Investors also do not need to be concerned with installation, zoning issues, or maintenance concerns, as this is fully managed by Mass Megawatts.
The company has developed an innovative, patent-pending solar tracking system that increases solar power output by up to 28%. The company plans to implement this advanced technology in their Community Solar projects. While dependent on several factors, in most cases, the rate or return is projected to exceed 20% with payback occurring for investors in under five years. Community Solar gardens provide attractive investment potential for residents and businesses across the country.
In recent news, Mass Megawatts made progress in debt reduction with an improved cash flow status. The company raised enough cash to accelerate its ongoing operations in its new solar energy and solar tracker business. As a result, Mass Megawatts is now financially poised to accelerate efforts to achieve their business goals.
