Things are starting to look up for SolarWindow Technologies Inc (OTCMKTS:WNDW) after losing a substantial amount of market value. Improving fundamentals has helped strengthen investor’s confidence in the stock fuelling a bounce back from this year’s lows.
SolarWindow Technologies Price Analysis
The stock has rallied by more than 100% over the past one month, in what appears to be a turnaround in the direction of the trend. While the stock has bounced back from this year’s low it still faces an uphill task to rally back to this year’s highs, given the underlying long-term bear trend.
However, a $25 million equity investment could as well be the much-needed spark set to trigger rally back to the top. An investment by an insider also affirms strong belief about the company’s long-term prospects. It thus does not come as a surprise to see investors pushing the stock up the charts.
After initially plummeting below the $2 a share handle, SolarWindow Technologies has bounced back and in the process rallied by more than 100%. After the recent spike higher, the stock faces immediate resistance at the $4 a share level.
A rally-followed bay close above the critical resistance level could see the stock making a run for the $5 a share level, seen as the next substantial resistance level. The stock needs to rally and stabilize above the $5 a share level, to turn bullish. Below the $5 a share level, SolarWindow Technologies remains susceptible to further declines given that short sellers are in firm control.
What Does SolarWindow Technologies Do?
SolarWindow Technologies is a clean energy company that creates transparent electricity generating liquid coatings. The coatings, when applied on windows, can convert the passive windows into electricity-generating windows in natural, artificial, and low light conditions.
The company is currently targeting more than 5.6 million buildings in the U.S with its coatings as part of its growth strategy.
$25 Million Equity Investment
SolarWindow Technologies is the subject of renewed investor interest in the market on announcing a $25 million investment from founder and chair Harmel S. Rayat. According to the Chief Executive Officer, John Conklin, the equity investment marks a historical inflection as the company continues to work on its revolutionary solar energy generating solution SolarWindow.
“With this capital in hand and a decade of research and development behind us, we can now purchase equipment and hire personnel required for manufacturing of electricity-generating glass, a brand-new form of electrification,” said Mr. Conklin.
SolarWindow Technologies hopes to change the way buildings are powered with the SolarWindow Product. The company proposes a way in which the electricity generating glass will be clad in tall towers as well scrappers making them clan power generators.
A single SolarWindow in a 50-story building has the potential to reduce electricity costs by as much as a 50% a year. The use of technology will also help mitigate the impact of climate change by reducing reliance on fossil fuels.
The company has achieved significant strides in the development of transparent electricity generating glass, ever since Mr. Rayat conceived the concept. The idea continues to attract immense interest given that it is already the subject of more than 90 the U.S and international patents.
According to the Chief Executive officer, the technology has the potential to generate huge upside for developers and well as building owners and tenants given the reduced operating costs.
The SolarWindow solution also has great potential as a revenue-generating stream for the company. The fact that he chairman of the board has himself invested $25 million is an early indicator that it could soon take over and generate significant value for the company
“My financial investment and confidence in SolarWindow is stronger than ever. I believe that we’re in the right place at the right time, and am proud to support the launch of one of the most exciting technology start-ups in recent memory,” stated Mr. Rayat.
What Next For SolarWindow Technologies?
SolarWindow Technologies bottoming out from all-time lows does not come as a surprise. Investors are slowly taking note of the company’s long-term prospects with the development of its electricity generating glass.
A $25 million capital injection is a development that puts the company in prime position to bring the solution to market. Once the company embarks on an aggressive commercialization drive, there is no doubt that it will be able to generate significant value given the growing demand for solar energy generating solutions.
That said the stock looks set to continue climbing high as investors take note of what is at stake with the SolarWindow product.
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Disclosure: We have no position in WNDW and have not been compensated for this article.