What's the better play, SINE or PFGY?
I own both but tend to think PFGY has more potential SP gain in the next few months than SINE.
PFGY.OB...1.95 Extremely undervalued solar play that actually EARNED .17/share in the last quarter. Enormous backlog.
"Net income for the second quarter ended April 30, 2008 was $5.0 million, or $0.17 per share, compared with a net loss of approximately $0.2 million, or $0.01 per share, for the same period in 2007. Net income benefitted from an expanded production facility that allowed for greater economies of scale, and was also attributable to a positive impact from the change in the fair market value of outstanding warrants."
"The Company’s backlog of contracts as of April 30, 2008 totaled 17MW, which equates to approximately $74.8 million in revenues. Contracts that are under development and that the Company expects to complete total 8MW, and such contracts, if completed, would represent more than $30 million in revenues. The 17MW in backlogged orders under contract and 8MW of contracts under development that the Company believes it will complete for PV solar cells, modules and systems would represent approximately 80% of the Company’s PV module capacity and would exceed the Company’s solar cell production capacity, which the Company expects to expand to 45MW by July 2008."
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