Another Session in The Green for Solar Power, Inc. (OTCMKTS:SOPW)
Solar Power, Inc. (OTCBB:SOPW) started this week rather well, after recording zero sessions in the red last week. There is no recent promotional campaign to be blamed for the upward run and the headlines at SOPW‘s Yahoo! Finance profile are mainly there because of the name and are mainly covering stories not related to its development.
Yesterday the ticker closed the session with a decent 12.86% gain in price at $0.395. The total amount of shares that switched came at 1 million and helped SOPW register a dollar volume of $394 thousand.
The hype is even bigger with the Solar Power International exhibit that opened its doors today. Unfortunately we don’t see SOPW presenting there. Of course LDK Solar Co., Ltd (ADR) (NYSE:LDK), SOPW‘s parent company will have a booth, but the current development of our penny ticker is shady.
As we mentioned in one of our previous articles LDK is also experiencing problems and have informed the public that they are discontinuing the quarterly earnings conference calls for now.
This isn’t good news and when you pair it with the latest financial report it starts to look grim. The fact that SOPW recorded 88% less in total net sales, while more than doubling their net loss for the six months ended June 30 this year compared to 2012 doesn’t speak very well for the company development.
This is the exact reason for which we would advise you to proceed with caution and do your due diligence if you have any thoughts of investing in them.
On the other hand Globalstar, Inc. (OTCMKTS:GSAT) is still recording high dollar volumes, while barely moving in price.