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By: AllPennyStocks.com
It’s the answer to the riddle: what’s the oldest settler in the West? The
answer, as most kids know by the time they’re in their teens is, simply, the
Sun. Millions of miles away, it warms our world and provides near-unlimited
potential as an alternative source of fuel. Even the great Thomas Alva Edison
saw this potential as he was creating devices powered by electricity.
On the front page of the website for New York State-based Clear Skies Solar (OTCBB:
CSKH), the Wizard of Menlo Park is quoted thus: “I’d put my money on the Sun
and solar energy. What a source of power! I hope we don’t have to wait ‘til coal
and oil run out before we have to tackle that.”
With petroleum prices still behaving like yo-yos, ranging from $73 to $78 a
barrel, uncertainty continues to dangle before the eyes of energy investors
seeking to find an alternative vehicle for their money. Their ears perked up in
the early days of February, with CSKH announcing the signing of a 185-kilowatt
rooftop solar energy project in New Jersey (Edison’s old stomping grounds),
which is expected to start before the month is out. This project is the first of
several contracts the company has signed on both the East and West coast to
obtain funding.
With engineering for this initial project now complete and local permits filed,
work is expected to start over the short run with the project targeted for
completion in the first quarter of 2010, or roughly, the end of March. The solar
energy system will consist of more than 600, 270-watt Suntech solar panels and
two Satcom inverters. The building is owned and operated by G&S Investors of New
York, a developer of premium properties in the tri-state area.
CSKH, headquarted in Mineola, provides full-service renewable energy solutions
to commercial, industrial, and agricultural clients across the country. The firm
was incorporated in 2003 and launched formal operations in 2005.
CSKH also boasts of being one of the only solar energy integrators in the United
States that has a Research & Development department in-house. The R&D department
was started in order to develop the technologies needed for Clear Skies Solar to
offer customers and the industry as a whole a wide range of cutting edge
products that will ensure comprehensive energy system support.
The company’s stock price is conveniently located for small-cap investors in the
middle of a trading range that peaked last fall at 28 cents a share, after
tanking in late June 2009 at half a cent.
The announcement of the new facility in New Jersey ramped up trading volume in
CSKH to 1.4 million shares on February 2 (a day when folks were concerned about
the sun creating shadows for animals), and raised the price marginally to just
over 14 cents. Traders with an eye to brightening up their portfolio with an
alternative energy stock could scarcely do better than to listen to those two
old settlers, the Sun and Thomas Edison.
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