Solarwindow Technologies Inc (OTCMKTS:WNDW) has added more than $0.60 to its share price in the last few days. The driver for WNDW was by all accounts a news-related item as the company’s Chairman, Harmel Rayat, offered a detailed update on the stock. Inside the update, he mentioned that his $25 million investment of his own money had allowed the company to bring in some large purchase orders and secure a 100,000 square-foot processing plant.
Rayat and the team at WNDW believe that their windows will turn a building into a green energy generators thanks to photovoltaic cells inside the glass. According to independently-validated engineering estimates, a single SolarWindow installation on a 50-story building, for example, could reduce electricity costs by as much as 50% per year, avoiding the equivalent amount of carbon dioxide produced by 2.2 million vehicles each year.
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 engages in developing SolarWindow electricity-generating systems that harvest light energy from the sun and artificial sources using a coating of organic photovoltaic solar cell.
The company is also involved in developing SolarWindowCommercial, a flat glass product for installation in new commercial towers under construction and replacement windows; SolarWindowStructural Glass, a structural glass wall and curtain for tall structures; SolarWindowArchitectural Glass, a textured and decorative interior glass walls, room dividers, etc.; and SolarWindowResidential, a window glass for installation in new residential homes under construction and replacement windows.
In addition, it engages in developing SolarWindowFlex, a flexible film, which is applied directly onto glass for retrofit to existing commercial towers, buildings, and residential homes; SolarWindowBIPV components associated with BIPV applications in homes, buildings, and office towers; and SolarWindow Retrofit Veneer, a transparent, tinted, and flexible veneer that installers can apply directly over top of existing windows.
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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“I can’t think of any commercial landlord, being one myself, not wanting electricity-generating windows, which I personally believe could be transformational, not only for building owners and the energy industry, but also for the environment. Since almost 65% of the electricity in the U.S. is generated by fossil fuels, reducing the burning of these fuels could help mitigate their impact on global warming and climate change, which a recent report mandated by U.S. Congress says is “an immediate threat, not a far-off possibility,” Rayat said.
The stock has been overvalued in the past, but it might be positioning to be at a point where it actually makes sense, if the company can make good on their promise to sell.
At this time, carrying a capital value in the market of $153.82M and float of 16.91M, WNDW has a nice runway thanks to Mr. Rayat, but investors are going to grow impatient if they don’t see some progress soon. The company is pre-revenue at this point. As more color becomes clear on the name, we will review the situation and update our take. 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.