Clear Skies Solar Inc. provides full-service renewable energy solutions to commercial, industrial and agricultural clients across the country. The company announced today that it is reiterating its guidance for the full year 2010 in which it is expecting to generate revenues of approximately $15 million with a margin of 12-15%.
The company is currently working on large solar installation projects for several clients. Its pipeline of proposals for future business for the remainder of 2010 is strong and growing for 2011. In addition, Clear Skies Solar says it sees growing access to financing for the solar industry which the company believes will act as a favorable tailwind.
Clear Skies Solar also recently received notification from an independent testing facility, Met Laboratories, advising that testing of its patented remote monitoring XTRAX technology solution has now been successfully completed. XTRAX is the company’s proprietary remote monitoring solution designed to measure the production of renewable energy systems. XTRAX is designed for mass markets around the globe.
All of this news has been well-received by the stock market. The stock of Clear Skies Solar is currently trading at $0.049 a share, up $0.011 a share or 28.95% for the day. Volume is in excess of 3.35 million shares which is approximately four times the average daily volume for the stock. For more information about Clear Skies Solar, please visit the company’s website at www.clearskiessolar.com
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