AWSL Atlantic Wind & Solar, Inc. featured news, full reports, and detailed charts
Atlantic Wind & Solar, Inc. (AWSL/AWSL.PK) Wrap Up:
Atlantic Wind & Solar, Inc. finds, finances, and operates renewable energy projects in North America and the Caribbean. It focuses on solar, wind, and hybrid energy projects. Atlantic Wind & Solar offers its solutions for individual customers, and private and governmental markets. Atlantic Wind & Solar, Inc. was formerly known as Atlantic Wind & Solar Corp. The company is based in Coconut Groove, Florida.Atlantic Wind & Solar, Inc. (AWSL:OTC)
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Market Cap
111.0M
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Total Revenue
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DILUTED EPS TTM
-0.04
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Return On Equity
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AWSL Top Compensated Officers
Executives, Board Directors
Key developments for Atlantic Wind & Solar, Inc. (AWSL)
Atlantic Wind & Solar Inc. announced that, in keeping with its clear focus on extraordinary opportunities in the dynamic Ontario Solar Power market, it has selected Toronto, Ontario as the location for its headquarters. Located on Bay Street in the heart of Toronto's financial district, AWSL's new offices are being renovated for scheduled occupation in the first week of December 2009. The new address is 350 Bay Street, Suite 1201, Toronto, Ontario, Canada, M5H 2S6.
Atlantic Wind & Solar Inc. reported the signing of a Letter Of Intent (LOI) to supply and install a 250 kW rooftop solar system in Brampton, Ontario. The $2.25 million installation will encompass just under 50,000 square feet of rooftop space. As well, the company's Canadian subsidiary Hybridyne Power Systems Canada Inc. has received a purchase order, with a deposit, for a $2.1 million rooftop solar system to be delivered and installed on approximately 50,000 square feet of rooftop space in Niagara, Ontario. Subsidiary Hybridyne has also signed two additional LOIs regarding similar 250 kW rooftop solar systems to be installed in the north Toronto suburbs of Newmarket and Aurora, Ontario. Each of these systems will entail PV systems encompassing approximately 50,000 square feet at an estimated $2.25 million each. The purchase order and LOIs reported represent, in aggregate, approximately 1,000 kW (1 megawatt) of solar energy from some 200,000 square feet of rooftop space in Ontario and, if all four are completed, will provide approximately $8.85 million in revenue to AWSL and its Canadian subsidiary. These initial agreements are for sales and installation only, and do not include the sale of electricity to the Ontario grid in accordance with the FIT (Feed-in-Tariff) recently introduced by the Government of Ontario.
Atlantic Wind & Solar Inc. announce that it is proceeding immediately with the installation of two, side-by-side, 6 kw solar PV systems on a single rooftop location in the Toronto suburb of Newmarket. The two systems will be identical in all respects except for the critically important Conversion/Inversion Technology (CIT) that determines the efficiency of any solar PV system. This Field Test comparison will use AWSL's proprietary CIT (developed by its Canadian subsidiary Hybridyne) for one of the 6 kw arrays while the other array will use a solar competitor's CIT. The tests will be performed over a duration of one full year, during which time multiple competitor CITs will be utilized, in order for the testing to be broad based across a spectrum of the competition. The results will be subject to third party verification by at least two qualified, independent sources.
AWSL Competitors
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Industry Analysis
| Valuation | AWSL | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 57.8x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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AWSL transactions
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Merger/Acquisition
June 2, 2009 |
Hybridyne Power Systems Canada Inc. |
