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Tuesday, December 1, 2020

Solarwindow Technologies Inc (OTCMKTS:WNDW) Closing the Year with a Bang

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Solarwindow Technologies Inc (OTCMKTS:WNDW) has been exploding higher over recent days, with shares breaking out above recent range resistance as we head into the final trading sessions of what has been a very important year for the company. Share prices have nearly tripled since January 1, 2017, with the stock touching an intraday high around $9/share to close out last week. When we last looked at this one, we noted that it could catch fire given our bullish read on energy prices coming into year end. Anything that ultimately exists as an alternative energy play really needs some sense of expensive oil prices to thrive. With Oil nearing $60/bbl, we are back in that playing field.

In a recent shareholder update, the company covered some of the year’s most important points, noting that “our biggest was entering into a Process Integration and Production Agreement with Triview Glass Industries. With this agreement, we can now work towards fabricating at commercial scale and volume specific transparent SolarWindow™ electricity-generating glass products by integrating our technologies into the Triview manufacturing process.”

Solarwindow Technologies Inc (OTCMKTS:WNDW) frames 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.

Recently, the company achieved an important fabrication step. SolarWindow electricity-generating coatings were successfully processed through the rigorous autoclave system for window glass lamination at Triview, which really led to this deal.

Layered with SolarWindow coatings, glass modules were subjected to the extremely high heat and pressure of autoclave equipment located at Triview. Despite the harsh conditions, subsequent performance testing confirmed that SolarWindow modules continued to produce electricity, paving the way for today’s announcement and eventual deployment of the company’s electricity-generating glass products.

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“I’m proud that we are the fabricator for this innovative electricity-generating glass technology by SolarWindow,” stated Mr. Alex Kastaniuk, President, CEO of Triview Glass Industries, LLC. “It’s especially rewarding to apply my 52 years of specialty glass experience to the fabrication of this brand-new innovation.”

The company notes that going forward, its prime target will be commercial real estate. And the reasoning is interesting: “While the potential applications for our electricity-generating coatings are many, our initial customers will be commercial buildings, such as tall towers and skyscrapers. We’ve chosen this initial target market because these commercial buildings alone consume almost 40% of all the electricity in the U.S., which is mostly generated by burning fossil fuels.”

We’ve witnessed 55% added to share values of the stock over the past month of action. This is emblematic of the stock. WNDW has a track record that includes a number of dramatic bounces. What’s more, the name has seen a growing influx of trading interest, with the stock’s recent average trading volume running approaching 220% above the average volume levels in play in this stock over the longer term.

This should not be overlooked with a float in play that’s tight — barely over 20M shares. This type of thing is something to watch out for: a restricted trading float and a jump in trading volume can crimp supply and push share prices higher.

At this time, carrying a capital value in the market of $290.9M, WNDW has a reserve ($671K) of cash on the books, which must be weighed relative to virtually no total current liabilities. The company is pre-revenue at this point. This may be a very interesting story and we will look forward to updating it again soon. Sign-up for continuing coverage on shares of $WNDW stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $WNDW, either long or short, and we have not been compensated for this article.

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