CORAL GABLES, FL / ACCESSWIRE / March 5, 2015 / The Department of Housing and Urban Development along with the State of California have announced that they will enhance financing efforts for energy efficiency and solar power solutions in multifamily housing this year. It's no secret that solar energy has begun to "shine" over the most recent 5 years and 2015 has taken center stage for new endeavors in industry growth. In fact, Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), released the following statement:
"This is an important step toward meeting the White House's goal of installing 100 megawatts (MW) of renewable energy in federally subsidized housing. We applaud President Obama, Secretary Castro and Governor Brown for their continued commitment to energy efficiency and clean energy. These far-reaching efforts will help to create new American jobs, give local economies a big boost and help to reduce pollution. It's a huge win all the way around. But it gets even better: It will also help to save money. Clean, reliable solar energy is now more affordable than ever, with blended average system prices having declined 53% since 2010."
Even though residential solar is getting a lot of attention in the media, it's large utility-scale projects where the largest impact is coming. According to Daily Finance, these projects account for over 50% of all solar installed, and these are in states that many would have never imagined to be those seeing solar growth.
Solar3D, Inc. (SLTD) recently completed a 1-for-26 reverse split of its issued and outstanding common stock and uplisting to the NASDAQ, announced in February. Following this reverse split, the stock has begun to see more volatility in the market. During Wednesday's session, shares of SLTD dropped from a previous closing price of $5.70 (Tuesday afternoon) to an opening price of $3.75 marking a gap down of 34%. Despite these losses, the company announced Wednesday morning that Solar3D may seek additional capital for deals as soon as next year. Depending on the size of its 2015 acquisitions, Chief Executive Officer Jim Nelson told Bloomberg News that potential targets include California- and Nevada-based solar-integration companies with between $10 million and $30 million in annual sales.
Sunx Energy, Inc. (SNXG) has also begun to see additional volume in the market that's been relatively above average in comparison to the 3mo average of a little over 100,000 shares. Furthermore, the company announced in late February its plans for expanding its product line in 2015. "With Sunx Energy's continuing efforts to expand its presence in what we feel is the tremendous unmet need for alternate solar energy products with providing practical and useful solutions for the residential and recreational consumer, and as the company moves forward as a distributor and a reseller of Solar Panels, Inverters and Solar Racking systems to installers across the country," stated Bill Schaefer, Sunx Energy's CEO.
According to this announcement, 2015 could set the stage for Sunx Energy in becoming a premier retailer of turn-key energy saving products specializing in complete solar systems and unique portable solar powered generators.
XsunX, Inc. (XSNX) has been trading heavy since its mid-January rally from lows of $0.006 to highs of $0.029 in early February. This 383% rally seems to have ignited a massive surge in attention on this solar company. In a recent announcement, XsunX CEO Mr. Tom Djokovich stated, "One of the key reasons for XsunX's growth over the past year has been our commitment to 100% customer satisfaction...As commercial solar continues to skyrocket in California, we are confident that our reputation as a solar partner will continue to generate word-of-mouth referrals, resulting in increased revenue opportunities."
Not The New Kid On The Block
As solar has grown, so has its acceptance in the market. What began as "just an idea" to what has become a major industry driven by innovation, this market is no longer the "new kid." Better yet, according to a report by the Solar Energy Industries Association and GTM Research, the U.S. is on pace to complete its one-millionth installation in 2015. This follows a 36 percent increase in solar PV installations over the last year. Much of 2014's growth came from the utility market (61%). But both big and small solar projects are on the rise. Companies like Wal-Mart Stores, Costco, IKEA, McGraw-Hill, Johnson & Johnson, and FedEx are all adopting solar energy in a big way. With so much expansion on the horizon, solar companies may not have picked a better time to focus on expansion than now.
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