2017 was an exciting year for Solarwindow Technologies Inc. (OTCMKTS:WNDW), as its share price nearly tripled in value as the company affirmed its push for market share in the $100 billion glass business. After touching record highs of $10.50 a share, the stock price pulled back to the $6 a share mark, in what can only be interpreted as a profit-taking play.
The pullback in our view is a minor correction, which presents a buying opportunity for investors who missed out on the initial run. With the stock trading at the $7 a share handle, there is more room for the stock to trade higher as trading volume continue to increase.
A close above the $8 a share mark should affirm a bullish trend, capable of pushing the stock above its 52-week high of $10.50 a share. On the downside, the stock remains well supported at the $6 a share handle.
Before we carry out a detailed analysis of the catalysts likely to push the stock to new heights, let us look at what the company does in pursuit of growth.
SolarWindow Technology Business Description
SolarWindow Technologies is a clean energy company, focused on the development of electricity-generating systems using glass windows and plastic products. The company develops products for harvesting light energy from the sun and other artificial sources, using coatings of an organic photovoltaic cell.
The company’s proprietary technology SolarWindow enables the conversion of ordinary windows into electricity-generating windows. The company is currently working round the clock to accelerate the adoption of its technology in buildings.
TriView And Rayenergy Deals
In our previous analysis, the stock had experienced a price surge on the company announcing a deal with TriView Glass Industries. The deal has already opened the way for SolarWindow Technologies to start commercializing its electricity-generating glasses, presenting a unique revenue generating opportunity.
The immediate catalyst that we believe has the potential to push the stock even higher has to do with a deal with Rayenergy Tek. A deal with the world’s leading supplier of organic photovoltaic materials should go a long way in supporting SolarWindow Technologies’ pursuit of high volume production.
The partnership is also expected to broaden the awareness of the company’s innovative products product’s as it moves to get them on tall towers and skyscrapers around the world.
Targeting commercial buildings is top on the agenda for SolarWindow given that such buildings consume about 40% of the total energy generated in the U.S. Given that the electricity-generating glasses have the potential to reduce energy costs by up to 50%, the company remains well positioned to elicit strong demand from building owners.
“Our clear priority is to bring SolarWindow™ electricity-generating products to a $100 billion global market. This collaboration with Rayenergy moves SolarWindow closer towards our goal of commercial sales and production while ensuring a reliable supply of high-performance organic materials and preferred pricing necessary for the production of our electricity-generating glass,” stated Mr. John Conklin, President, and CEO of SolarWindow Technologies, Inc.
SolarWindow electricity generating windows are to be fabricated by Los Angeles based TriView Glass Industries. The company is to produce the glass products at a commercial scale by integrating them into its manufacturing processes.
Financing To Advance Initiatives
As SolarWindow moves to commercialize its proprietary solar energy generating windows, capital needed to enhance such initiatives won’t be an issue. The company has already signed a $2.6 million financing agreement with four investors to advance manufacturing, marketing, and product fabrication.
The financing involved the issuance of 821,600 units at a purchase price of $3.11 a unit. Each unit on offer consisted of 1 share of common stock and one share purchase Warrant with an initial exercise price of $3.42.
“With this round of financing in hand and a Process Integration and Production Agreement with TriView Glass Industries, an award-winning custom glass fabricator, we’re moving forward with turning our first-ever inventions into first-ever electricity-generating windows,” said Mr. Conklin.
SolarWindow 2018 Growth Prospects
SolarWindow is on the cusp of becoming a key player in the $100 billion glass window business. As more entities, companies, and organization embrace clean energy technologies, the company remains well-positioned to furnish such needs with its innovative products.
In the United States alone, there are about 5.6 million buildings with upwards of 400 million square feet of existing windows. Retrofitting a small percentage of these buildings with electricity-generating windows present a unique opportunity that would be transformational to the company regarding revenue generation.
The company has already inked financing deals and manufacturing deals as it moves to embark on an aggressive commercialization campaign. That said, it promises to be an exciting year for SolarWindow Technologies as it moves to make its products available to tens of millions of buildings around the world.
The stock can only move upwards from current levels given the huge marketing opportunity with the electricity-generating glasses.
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Disclosure: We have no position in WNDW and have not been compensated for this article.
Image courtesy of Yale via Flickr