Blue Earth, Inc. (OTCMKTS:BBLU) Climbs Higher

BBLUchart.pngBlue Earth, Inc. (OTCMKTS:BBLU) continues going even further up the stock chart. The spectacular run it has made this month brought the stock to price levels it hasn’t been on for more than two years. During yesterday’s session it reached an intraday day high of $2.71 but took a step back and closed at $2.6. Traded volume has also been quite healthy for such a high priced pennystock.

BBLU operates in the clean technology industry by focusing primarily on energy efficiency and renewable energy. Recently the couple of news articles detailing their future intentions helped immensely to support the upward surge of the stock. They finished construction of two more solar photovoltaic projects and are getting closer and closer to the previously announced acquisition of an EPCM (engineering, procurement and construction management) company.

And BBLU can certainly use the extra revenues because despite the rather substantial financial results it is still unable to turn a profit. Last week they filed the 10-Q report for the period ending March 31 and in it they disclose the following:

  • $458 thousand cash
  • $6.6 million total current assets
  • $8 million total current liabilities
  • $2.8 million revenues
  • $1.8 million net loss

The company is still keeping its debt at manageable levels but they are still primarily relying on the issuance of stock in order to finance their activities.

BBLU hasn’t been actively pumped but apparently they have a personal promoter and more specifically – SmallCapStockPlays. Almost every week they release an email just to remind everybody about BBLU. For this service they disclose receiving 80,000 3PMCMchart.pngcommon share equivalents, valued at $1.00/share or in short – $80 000. Looking at their past history there certainly is no shortage of failed promotions. On April 2 they touted Primco Management, Inc. (OTCBB:PMCM). The ticker crashed on the same day and has lost a major portion of its value since then.

Reaching such great heights may bring a sudden correction if investors decide to cash in their holdings and although the stock isn’t showing as much volatility as others doing your own research is still necessary.

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