Worldwide Energy and Manufacturing (fka WEMU)

[stock_peeker]

Thanks for the feedback. I spoke to RedChip last week about growth in annual MW production, and they said they would get back with me. This provides context to the latest PR announcing the two solar panel contracts totaling 23MW for 2010 (valued at approximately $46 million). Basically these two contracts for 2010 provide the same MW as shipped for all contracts in 2009. They also represent the total revenue for 2008, but future contracts should allow WEMU to show further revenue growth in 2010.

Comparing to 2009 revenues, it appears that the deterioration in solar panel prices has just about run its course, so WEMU should remain (reasonably) profitable in 2010. The unknown remains overall margin in 2010 as competition is still very tough in solar panel business.


Much appreciated.

'peeker