Located in Mountain View, California with a manufacturing facility at Jinqiao Modern Technology Park in Shanghai, Solar EnerTech is a leading manufacturer of photovoltaic solar energy cells. Today, Solar EnerTech took a step towards prominence with the announcement of their volumes and revenues for the fourth quarter and fiscal year ending September 30, 2010.
For the fourth quarter, the company expects to report volume of solar modules shipped at 9.5MW and net revenue of $17.5 million, which is a significant improvement from a year ago. Solar EnerTech anticipates $69.3 million in net revenue for 2010. This shows major improvement for the company which had $32.8 million in net revenue the previous year.
Leading the team at Solar EnerTech is Mr. Leo Young who serves as the company’s CEO. When asked about this report, Mr. Young was quoted as saying, “If we continue to diligently execute on the strategic and operational objectives of our business plan, we should be well positioned to expand our customer base by leveraging our solar energy cell manufacturing expertise to penetrate new markets in higher growth regions, thereby expanding our geographic footprint, while also achieving organic growth by maintaining our commitment of providing superior customer service which will fortify our presence in existing markets. Overall, we are pleased with the growth in volumes and revenues and look forward to reporting our full financial results.”
Currently, Solar EnerTech is trading in the $0.12 range. With this announcement and an array of positive news coming from the company, Solar EnerTech is a company that investors should investigate further.
To learn more about Solar EnerTech, visit the company website at: www.solarE-power.com.
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