Clear Skies Solar Inc. (CSKH) heads skyward on new contract

Posted on: Tuesday, June 7th, 2011
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Clear Skies Solar Inc. (OTCBB: CSKH) hiked 12.6% in price Tuesday to 2.6 cents, after announcing it has added another $1.1-million commercial contract to its backlog. Volume for the stock was 183,200 shares, still behind its all-day average of 637,375.

In a statement on Tuesday, June 7, 2011, Clear Skies CEO Ezra Green, commented, “As the stream of good news continues, we have been receiving the first deliveries of products for our permitted installations. Growing the backlog of financeable projects with shorter closing cycles has proven successful.

Green continues, “We closed the month of May with approximately $7 million in sales for 2011, and we are starting June on a very good note while bringing that total to $8 million. The project installations are beginning which will start to relieve the cash flow issues of the past. Forecasting future sales has proven difficult with our old model but with our new model running well, we look forward to discussing Q3 & Q4 2011.”

Based in Mineola, New York, Clear Skies Solar, Inc., through its wholly-owned subsidiary, provides full-service renewable energy solutions to commercial, industrial and agricultural clients across the country.

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Category: Alternative Energy Stocks, OTCBB
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