Solar3D Inc
NASDAQ: SLTD
Solar3D – The Daily Breakout Stock
Looking for the daily breakout on Solar3D (NASDAQ: SLTD) and we got it today! This one has been on our swing trade watch list for several days. I spotted this one on our low float momentum scanner that looks for stocks hitting high of day on strong volume. I then noticed SLTD on our Surging Up scanner, and scanner that looks for extremely high relative volume. Seeing the stock on both scanners gave me the confidence to jump in with a large position at 3.50 and look for a potential move to 4.00. This is the exact type of stock we look for. A strong momentum name with low float and a good catalyst.
The Catalyst on SLTD
The company announced preliminary second quarter earnings. “Solar3D announces prelim Q2 results; revenues expected to exceed $11 mln, up 95% sequentially; reiterates 2015 rev guidance of $40-45 ml“. I gernally look for catalyst that are announcements released from the company. I always feel stronger about trading those vs a rumor , speculation, or other confirmed story.
Company Profile
Solar3D, Inc. provides photo voltaic based power systems for the residential, commercial, and agricultural markets in the United States. It also designs, finances, integrates, and manages systems ranging in size from 2 kilowatt for residential loads to multi megawatt systems for larger commercial projects. In addition, the company offers various installation services, including design, system engineering, procurement, permitting, construction, grid connection, warranty, system monitoring, and maintenance services to its solar energy customers. Further, it is involved in energy, infrastructure, electrical, and building construction activities. The company was formerly known as MachineTalker, Inc. and changed its name to Solar3D, Inc. in July 2010. Solar3D, Inc. was founded in 2002 and is headquartered in Santa Barbara, California. – Yahoo Finance
