Solarwindow Technologies Inc (OTCMKTS:WNDW) is a penny play that exploded higher on Wednesday as traders digested recent news out of the company. WNDW stock blasted over 15% higher on strong volume. The move clearly appears to be related to the company’s announcement that its transparent electricity-generating glass has been successfully processed through the rigorous autoclave system for window glass lamination at a commercial window fabricator.
“This is one of the most important advancements for the commercial manufacturing of SolarWindow products, and marks a huge win for all our stockholders, supporters, and scientists and engineers. We’ve long championed the prospect of electricity-generating windows powering skyscrapers and tall towers, which alone consume almost 40% of all the electricity generated in the US,” explained Mr. John A. Conklin, President and CEO of SolarWindow Technologies, Inc.
Solarwindow Technologies Inc (OTCMKTS:WNDW) promulgates itself as a company that develops electricity-generating systems using see-through glass windows and flexible plastic products. It is developing SolarWindow electricity-generating systems that harvest light energy from the sun and artificial sources using a see-through, semi-transparent, and coating of organic photovoltaic solar cells.
WNDW is also involved in developing SolarWindowCommercial, a flat glass product for installation in new commercial towers under construction and replacement windows; SolarWindow Structural Glass, a structural glass walls and curtains for tall structures; SolarWindow Architectural Glass, a textured and decorative interior glass walls, room dividers, etc.; and SolarWindow Residential, a window glass for installation in new residential homes under construction and replacement windows.
It also engages in developing SolarWindow Flex, a flexible film that can be applied directly onto glass for retrofit to existing commercial towers, buildings, and residential homes; SolarWindow BIPV, components associated with BIPV applications in homes, buildings, and office towers; and SolarWindow Retrofit Veneer, a transparent, tinted, and flexible veneers that installers can apply directly over top of existing windows on tall towers and skyscrapers.
The company was formerly known as New Energy Technologies, Inc. and changed its name to SolarWindow Technologies, Inc. in March 2015. SolarWindow Technologies, Inc. was founded in 1998 and is based in Columbia, Maryland.
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The company’s most recent announcement follows news that SolarWindow modules recently passed important weather-performance testing after being subjected to more than 200 freeze/thaw cycles. “These results confirmed that the company’s electricity-generating coatings withstand real-world weather conditions and achieve long operational lifetimes no matter the outdoor environment that SolarWindow products are exposed to.”
We have covered this company in the past. It’s like one of those conversations you might have with a buddy at a bar: “Dude, they should make windows out of solar panels!”.
The company reports having over 430 million square feet of windows installed in the US alone. Imagine how much sunlight energy bounces off that square footage every day. With a hook like that, and less than 20 mln shares on the float, you can imagine how easy it might be to fall in love with WNDW stock if the details all added up.
Recent action has seen 13% tacked on to share pricing for the listing in the past week. Market participants may want to pay attention to this stock. WNDW has a history of dramatic rallies. Furthermore, the name has benefitted from a jump in recent trading volume to the tune of 60% over what the stock has registered over the longer term.
This should not be overlooked given the stock’s limited trading float of just a tad more than 20M shares. Traders should not overlook this combination, as a jump in average daily transaction volume in a stock with a restricted float can unleash fireworks as supply is squeezed.
Currently trading at a market capitalization of $111.1M, WNDW has a reserve ($876K) of cash on the books, which stands against about $2.6M in total current liabilities. One should also note that debt has been growing over recent quarters. The company is pre-revenue at this point. You can bet we will update this one again as new information comes into view. For continuing coverage on shares of $WNDW stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!