Clear Skies Solar Inc. (CSKH) leaps on new sales

Posted on: Wednesday, July 27th, 2011
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Clear Skies Solar Inc. (OTCBB: CSKH) jumped 12.4% Wednesday to three cents, on word of sterling sales for June. Volume for the stock was 522,000 shares.

The Mineola, New York-based company, a full-service renewable energy provider to commercial, industrial and agricultural clients, announced in a July 27 news release it has reached over 1 megawatt or $4 million in customer signed contracts for the month of June.

With majority of its projects financed and the remainder are in the process of being financed, the company said it was looking forward optimistically to a healthy 2011 for Clear Skies Solar.

With a diversified portfolio of projects now under construction, Clear Skies announced it has recently completed the first installation under its new high-volume project management program. Clear Skies currently has approximately eight projects under construction at different stages varying in size from a residential four kilowatts to several commercial facilities of 160 kWs and 250 kWs respectively.

Clear Skies CEO Ezra Green was quoted in the release as saying, “The CSS process of execution is initially based on client financing with the installation dictated by engineering and product delivery. Our products are shipped from Asia, Canada and the United States with lead times up to four to six weeks which fits into the overall process of a project. With sales increasing and construction under way, we have been able to enter discussions with several non-dilutive sources of project and product funding.

“We recognize that discussing events is very important but we at CSS also owe it to the shareholders that the information being delivered is not premature and subject to any radical change.” Green concluded.

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Category: Alternative Energy Stocks, OTCBB
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