XsunX Inc (OTCMKTS:XSNX) continues to trade steady just under a penny on significant volume and Investor support. The stock saw an explosive move up earlier this year off its base at $0.004 to a high of $0.029.
XSNX has runner in its blood; back in 2006 the stock ran from pennies to spectacular highs well over $2.50 a share. Now that the solar space is heating up and XSNX has formed a new base over a penny and has momentum on its side investors are starting to pay attention.
XsunX Inc (OTCMKTS:XSNX) provides solar energy solutions that deliver significant bottom-line financial benefits to businesses. They specialize in the sale, design, and installation of commercial solar power systems. XSNX has a highly skilled team of qualified engineering and specialty contractors with extensive commercial solar experience necessary to service the diverse conditions that can be encountered in commercial buildings.
XSNX has developed CIGSolar™ a new hybrid manufacturing solution designed to produce high performance, low-cost thin-film CIGS solar cells. CIGSolar™ cells offer a low-cost alternative to traditional silicon solar cells.
The Company’s patent-pending approach of combining reliable, high output manufacturing technologies with proven small-area evaporation deposition processes delivers the highest efficiency CIGS thin-films. Utilizing rapid single-cell production techniques, our system architecture improves control of the manufacturing environment, resulting in substantially higher levels of quality control and solar cell performance.
Solar is a great place to be right now, the industry is growing by leaps and bounds. In the first three quarters of 2014, 3,966 megawatts of solar capacity were installed in the U.S., compared to 2,647 MW in the first three quarters of 2013. Solar deployment is not only expanding, but the pace at which it’s growing keeps accelerating. In 2014, according to a new report from the Solar Foundation, an independently funded think tank, the solar industry added workers almost 20 times faster than the overall U.S. economy, accounting for almost 1.3 percent of all jobs created.
Southern California is considered to be one of the hottest solar markets in the world right now, as referenced by a recent Tech Republic article that highlighted the 242,000 solar projects throughout the state with 2,279 megawatts installed. Of these installations, Los Angeles leads with 238 megawatts, and San Diego comes in second with 182 megawatts, representing the two largest cities in Southern California.
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XsunX CEO Tom Djokovich recently said ”We are optimistic that current conditions such as cost reductions and consolidation across the industry will continue to garner retail and institutional investors seeking to add solar to their investment portfolios. With the growing momentum and opportunities for commercial solar power our team maintains focus on acquiring customers and providing 100% satisfaction, resulting in the organic growth we anticipated in 2015. We are confident that as companies and utility providers add to their solar positions, the industry as a whole will continue to experience growth, drive down costs, and increase overall revenue.”
He continued ”… I expect XsunX to incorporate storage technology into there business model either through a merger or exclusive agreement. Their commercial solar business strategy is perfectly suited for this while not so for the residential solar market. Buy and hold. The industry is in a huge rebound over the next five years. Take advantage while you can …”
Back in July XNSX announced it has been approved for addition to the platform of Kilowatt Financial, a clean energy company that provides consumers with affordable financing for solar electricity and energy-efficient homes through a qualified contractor and installer network.
With approval in place, the relationship will provide XsunX with access to a suite of financing options for residential customers, the ability to pursue residential leads to expand revenues, and identify other contractors and specialists for potential project partnerships.
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Currently trading at a $5.7 million market valuation XSNX his minimal assets, manageable debt and fast growing revenues reporting $937,795 in sales for the 6 months ended June, 30 2015 up from $384,764 for the same period last year; this puts the Company on track to do close to $2 million in sales for 2015. XNSX is an exciting story developing in small caps; the Company is a leading solar power solutions Company, providing solar energy solutions that deliver significant bottom-line financial benefits to businesses. We will be updating on XSNX when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with XSNX.
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Disclosure: we hold no position in XSNX either long or short and we have not been compensated for this article.