Solar Energy Initiatives, Inc. (OTC:SNRY) was recommended by StockProfessors.com and could see an increase in trading activity early in the morning.EEA, Inc., a third party, has paid $15 thousand for this promotion. A recommendation by a stock newsletter service like Stock Professors usually brings in a sudden increase in the trading volume, often accompanied by rising share prices. The moves are rather volatile in most cases though, and last only for short.
Since the company issued a press release to amend the efforts of promoters, the stock price rally is nearly guaranteed for the day or even the remaining week. Following the news, the financially troubled business has managed to raise capital necessary to initiate the construction of their 1 Megawatt photovoltaic system.[BANNER]
The OTC BB listed company holds a not too bad balance sheet along with some revenues and heavy losses. Their sales growth is offset by a very low gross profit margin and external funding is the only source of income that sustains the business.
The firm sells solar power systems for residential and commercial use, which means they face heavy competition in their business by operating in such a hot sector.
Since their last SEC filling the company had raised around $300 thousand through equity offerings and changed the CEO. The latest news on funding was an unexpected and positive development, which creates some real value behind the otherwise average company.
