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Wednesday, January 19, 2011 9:03:37 AM
SOPV will look strong for Wednesday morning. As a new emerging growth company in the field of solar energy, Solar Park Initiatives, Inc. is a professional services and project developing firm providing renewable energy through photovoltaic (“PV”) and solar thermal technologies. On December 2nd last year SOPV experienced growth of over 33% after experiencing a significant growth in volume. On December 29 last year, SOPV grew another 23%. SOPV could show another leg again today. Hope you don’t miss the opportunity on SOPV this time!
SOPV is a fast-growing company in the red-hot (400% growth in 2010) utility solar market!
SOPV announced that it has recently received a Funding Letter of Intent for $11.6 Million. The funds will be used for the installation of projects that total 3MW's in the Mid Atlantic Region of North America.
David Surette, CEO of Solar Park Initiatives, stated, "We are very excited to move into our next phase of the process for implementing our business model installing solar park projects in North America. This funding letter represents another significant milestone by Solar Park Initiatives. We expect to complete these projects in a timely manner and it is anticipated that they will be completed by February 2011."
SOPV is developing large-scale solar power projects in Texas and New Mexico. And recently... SOPV cracked into the solar big leagues by signing an agreement to build a mammoth 1 gigawatt solar park in California...which could generate $3.5 billion in cash a year for the company!
And on top of that...Governor-elect Jerry Brown just announced an initiative to provide another 20 Gigawatts of solar-derived energy to California – which could easily provide BILLIONS more to the coffers of SOPV!
Better still...if you total up all of SOPV's new contracts and acquisitions (read about the Maple Leaf acquisition), SOPV's project pipeline is prepared to deliver approximately 2,500 megawatts of electricity – which could be worth BILLIONS more in annual revenues for SOPV!
On a technical analysis standpoint, SOPV has a low float just over 6 million shares and a low outstanding share count of just 33 million. Considering the stock is trading around 20 cents with a very low number of shares, SOPV could be an extremely volatile play as some of my past major winners.
The low outstanding share count is a positive technical indicator which makes it more likely for SOPV to experience short and long-term growth.
SOPV has an estimated market capital of $12.3M. If SOPV's price were to go to its 52 week high of 1.01 it would represent a 400% increase to those investors that get in early!
This company has consolidated near its 52 week low of 20 cents and experienced growth of 12% during last Friday trading and another 3% yesterday. Based on this activity, I believe that a major breakout could happen anytime and new investors can be looking to take a position into shares of SOPV with very little risks.
And with all the fundamental and technical analysis on SOPV, I expect a bigger rally on the way today!
For more INFO, please visit http://www.solarparkinitiatives.com
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