Solar3D (SLTD) Stock | The Future of Solar Power in California


Solar3D Inc.  (NASDAQ:SLTD)


Solar3D, Inc. (SLTD) a provider of solar power systems announced its 100% acquisition of Elite Solar a California based solar system provider. The purchase is part of a growth plan to acquire profitable companies within the industry to gain a competitive edge and become the solar power leader in the California market.


Solar3D Earning’s and Outlook

The Company reported revenue of $11.0 million for Q2 2015, an increase of 47% compared to $7.5 million for Q2 2014 due to acquisitions and organic growth within those newly acquired subsidiaries sales and an increase in the gross margin to 31%, up from 27% in the same period last year due to greater efficiency. The Company reported an increase in revenue of 94% over the $5.7 million achieved during the quarter ended March 31, 2015. Gross profit was nearly $3.5 million as a result of growth in sales and an increase in the gross margin to 31%, up from 27% in the same period last year due to greater efficiency.  The Company reported operating income of $134K as compared to $762K for the same period of 2014.  Market Wired


Solar 3D CEO’s Comments

Solar 3D announced second quarter results on Aug 6, the CEO had these comments :

“Our second quarter results represent our team’s successfully execution of our corporate strategy, in making steady progress on several fronts,” said Jim Nelson, CEO of Solar3D. “First, we have generated consistent, organic growth through our SUNworks and MD Energy subsidiaries. Second, we’ve continued to invest in our infrastructure, following our mandate to target attractive candidates for acquisition. Third, our strong management team, led by experienced industry veterans, has worked tirelessly to diversify our revenue while improving our operational, financial and balance sheet metrics.”

“At the industry level,” Nelson continued, “the market for commercial, residential, and agricultural solar solutions is booming, and we are well positioned to capitalize upon that growth. Looking ahead, we remain confident in our ability to maintain our growth trajectory and continue to create significant value for our shareholders.”  Market Wired

CEO Comments on recent Elite Solar Purchase:

“We are thrilled to enter into this agreement with Elite Solar, a company known for its commitment to excellence and its strong leadership, which has led to the company’s tremendous sales growth,” said Jim Nelson, CEO of Solar3D. “This purchase is consistent with our plan to acquire profitable companies that give us a competitive advantage in the high-growth solar landscape. By combining Elite Solar’s experience and reach with Solar3D’s proven execution, we are significantly expanding the scale of our solar energy platform to become a leader in California’s commercial solar industry, especially within the fast growing agricultural sector. Our entire leadership team at Solar3D looks forward to working with CEO Kirk Short and his team, to enhance our company’s growth and increase the value for our shareholders.”  Yahoo Finance

SLTD Technical Analysis

STLD gapped up in price today to $3.96 up from yesterday’s close of $3.55 which is a 12% increase in price, based on favorable news. Taking a look at the daily chart we can see the last time the stock was at this price level was on Aug 5 and July 28 when the stock was at $4.20. The stock formed a double top on those dates and both times went down afterwards. Today in pre-market trading the stock reached a high of $4.16. Taking a further look down the chart we can see there was some resistance around the $4.70 level back in May when it tested that level five times without breaking through.  The stock has a float of 14.57 million shares so it does have the ability to run up on volume. For trading purposes I would use the pre-market highs of $4.16 for my entry looking for a break thru of the $4.20 level and a possible run to $4.70. My stop loss would be anything below $4.00 fearing if it falls below that level we may be in for a reversal and the stock may fill in the gap up.


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