Solar 3D’s Share Value Rises amid Respectable Fi
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[ACCESSWIRE]
Solar 3D Inc.'s (OTCQB: SLTD) stock volume nosedived Oct. 8, with just 2.4 million shares changing hands, about one-third its 30-day average volume of 6.1 million shares.
Still, its share value has nearly tripled since July 2. Industry observers say the uptick is being triggered by a flurry of positive news and strong financials the Santa Barbara energy company recently released.
For example, on Sept. 11, Solar 3D announced that its SUNworks division is now offering "Battery Storage Systems" with its solar electric systems for customers seeking solar power solutions optimized for increased cost efficiency and reliability.
Respectable Financials
In addition, Solar 3D’s second quarter results for 2014 quickly separated it from the pack of most penny stock energy companies. The company managed to generate revenue of $7.5 million and racked up a net profit of $223,000, according to its latest 10-Q.
On Oct. 8, SLTD’s share price closed at 21 cents unchanged from its close the previous day.
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