The share price of SolarWindow Technologies, Inc. (OTCQB: WNDW) spiked in July after the company received money from Kalen Capital Corporation, which already owns more than 10% of the total outstanding shares. In our opinion, the market pushed up the share price, as the announcement shows that the the investment community believes in the technology. In this article, we will review the product being developed and provide financial information reported by WNDW. But before we provide more details, have a look at the recent share price action.SourceBusinessWNDW is a Burtonsville, Maryland based firm involved in developing transparent electricity-generating coatings for glass windows. It has been operative since 1998. SolarWindow Technologies, Inc. is described as the next Tesla, as its solar window technology could save $75 billion a year in the US alone. The environmentally friendly and efficient solar windows could rewrite the entire history of not just the US, but also the world. Business Intelligence named the SolarWindow Technologies, Inc. as the winner of 2017’s Big Innovation Award.The COO of the Business Intelligence award described Solar Windows as:
“The sheer pace of innovation is accelerating in virtually every industry as new technology allows corporations and other organizations to rethink how they approach and solve real problems that affect the way we work, love and play,” Source
The following video put out by Bloomberg is quite informative, have a look:https://youtu.be/zihcJ8VLaUYSourceRecent DevelopmentsOn December 8, 2016, SolarWindow Technologies, Inc. announced that the firm expanded its product catalog by including its new electricity-generating coatings onto flexible glass – as thin as a business card. It is just 0.1 millimeter thick and is flexible enough to bend without any damages. The firm estimates a market of $25 billion for its electricity-generating flexible glasses. The CEO of SolarWindow Technologies, Inc., stated:
“Flexible glass could play a big role in the window, canopy, smart building, and other building and transportation products. We believe that flexible glass can serve an even more valuable purpose by generating electricity using SolarWindow™ coatings”. Source
On April 13, 2017, a NetworkNewsWire article described SolarWindow Technologies, Inc. as the next generation of solar technology, which could outperform the current tech by more than 50 times. The article is titled as "Innovation Drives Market Growth in Competitive Solar Energy Segment." It took a lucid take on the future of the Solar Energy and the firm expects SolarWindow Technologies, Inc. to lead the Industry in years to come. The article welcomed the innovation (Solar panels on windows instead of rooftop installation) and pragmatism (can be applied to standard window glass) of the products developed by the SolarWindow Technologies, Inc.On May 3, 2017, SolarWindow Technologies, Inc. announced that its transparent electricity-generating coatings passed the important freeze/thaw performance testing. This is a major move and necessary for the commercialization of its products. The firm also reported that if the electricity-generating coatings are applied to 50 storied buildings, it could save up to 50% of the total electricity expenses. The commercial electricity is responsible for 40% of the total electricity consumption in the US. As a result, the market for the electricity-generating coatings is over $75 billion. What did the share price move up? - An equity holder invested acquired more The market pushed up the share price on July 24, 2017. Furthermore, the share price continued to creep up in the following days. It went from $2.7 to $3.3 a share. Have a look at the spike, and also note the increase in volume.SourceHow can we explain the move? Shareholder Kalen Capital Corporation agreed to invest $690,000 through a Subscription Agreement (warrants). This is what you need to know:
"On July 24, 2017, SolarWindow Technologies, Inc. (the “ Company ”) entered into a Subscription Agreement with Kalen Capital Corporation, a private corporation owning in excess of 10% of the Company’s issued and outstanding common stock, for the purchase and sale of 300,000 units of the Company’s equity securities (the “ Units ”) at a price of $2.30 per Unit, pursuant to a private placement offering conducted by the Company (the “ Offering ”) for aggregate proceeds of $690,000." Source
Financial PerspectiveThe following are some statistics that will help understand the company's financial position:
- Market Capitalization: $111.28 million
- Shares Outstanding: 34.03 million
- Float: 20.16 million
- % Held by Insiders: 60.83%
Additionally, the following are some financial figures obtained from the balance sheet and the income statement included in the last annual report:
- Cash And Cash Equivalents: $2.509 million
- Total Assets: $2.895 million
- Long Term Debt: $1.349 million
- Total Liabilities: $2.813 million
ConclusionSolarWindow Technologies, Inc. seems to be developing interesting new technology, which market participants, like Kalen Capital Corporation, appreciate. Furthermore, we could see that the company is growing and many sites such as NetworkNewsWire are praising the company's technology. To sum up, be alert as WNDW has proven to be a microcap runner in the past. We will be updating our subscribers as soon as we know more. For the latest updates on WNDW, sign up below!For the full story, check out our complete coverage of WNDW.Image courtesy of Carriann Lewis via FlickrDisclosure: We have no position in WNDW and have not been compensated for this article.
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