After the outstanding performance pulled out yesterday, Solar Energy Initiatives, Inc. (OTC:SNRY) is trying to make the best of their $2 million financing and paid even more promoters to raise the investor awareness. Concurrently, another press release hit the market, stating the business was extended with three Power Purchase Agreements with the Tennessee Valley Authority.Following the agreements, Solar Energy had got green light to build 2.5MW of photovoltaic energy projects, for municipal and institutional clients. A high amount of projected revenues is already provided, with a start date set to the beginning of 2011 and a completion date set in the summer of the same year. The funding issue for this project is yet to be resolved.[BANNER]
Penny Stock Prophet recommended SNRY stock today, so even considering that the price went flat for the most of the last trading session, some more action likely awaits. As pointed out yesterday, the company has secured $2 million in funding, which came from ITC and USDA grants and a local bank. The funding is only for the first part of the project, so additional $2 million are yet to be received.
Stock Prophet received $25 thousand from a third party for a one day promotion of SNRY stock. However, despite the promotion the short-term aggressive play is less risky as compared to that of some other penny stocks, because of the new developments of the company.
