SolarWindow Technologies (OTCMKTS:WNDW) is just one of those companies the shorts love to attack. It seems every time the stock makes a move higher, a hit piece comes out from a short seller. The latest is the report from StreetSweeper attacking the company. Here is the most important takeaway from the report.* Important Disclosure: The owners of TheStreetSweeper hold a short position in WNDW and stand to profit on any future declines in the stock price.While we are not going to waste our time going through the report, here is what we do know about SolarWindows. SolarWindow Technologies, Inc. is a developer of next generation, transparent electricity-generating SolarWindow coatings. SolarWindow coatings generate electricity on see-through glass and flexible plastics with colored tints popular to skyscraper glass. Unlike conventional systems, SolarWindow can be applied to all four sides of tall towers, generating electricity using natural and artificial light conditions and even shaded areas. SolarWindow uses organic materials, which are dissolved into liquid, ideal for low-cost high-output manufacturing; and is the subject of a patent pending technology.
The company’s Proprietary Power Production & Financial Model (Power & Financial Model) uses photovoltaic (PV) modeling calculations that are consistent with renewable energy practitioner standards for assessing, evaluating and estimating renewable energy for a PV project. The Power & Financial Model estimator takes into consideration building geographic location, solar radiation for flat-plate collectors (SolarWindow irradiance is derated to account for 360 degree building orientation and vertical installation), climate zone energy use and generalized skyscraper building characteristics when estimating PV power and energy production, and carbon dioxide equivalents. Actual power, energy production and carbon dioxide equivalents modeled may vary based upon building-to-building situational characteristics and varying installation methodologies.
Most importantly, SolarWindows has independent validation. Engineers and research scientists at the University of North Carolina Charlotte Energy Production and Infrastructure Center (UNCC-EPIC) have independently reviewed and validated the Company’s SolarWindow proprietary Power Production and Financial Model. This Model calculates a financial payback of less than one year for the Company’s transparent electricity-generating SolarWindow technology.The study was lead by David Causey, PE, Assistant Director at UNCC-EPIC, The William States Lee College of Engineering. He has over 30 years of experience in mechanical system and component design for power generation. His work as an engineer includes operating nuclear plants; and coal, natural gas, or renewable energy projects. He stated in his report:
“SolarWindow coatings, when installed on tall towers and skyscrapers, could serve as a much sought-after clean micro-grid energy solution."
Causey led his UNCC-EPIC team of engineering and science experts, who independently validated the modeling assumptions, reference data, and technical basis important to calculating the Company’s one-year financial payback period for SolarWindow systems. UNCC-EPIC validation also confirmed the proficiency of the Company’s methodology for modeling the performance of competing PV technologies.Compared to conventional rooftop solar systems, SolarWindow technology installed on a 50-story building could generate up to 50-times greater power while delivering 15-times the environmental benefits, according to Company engineers. For conventional solar systems to produce the equivalent amount of power as SolarWindow would require at least 10-12 acres of valuable urban land at least 5-11 years for payback.Now the key for WNDW is making all of this happen and actually getting to the commercialization stage. SolarWindows looks to be one step closer after hiring a few key personnel. The most recent is that of Patrick Sargent as its Vice President of Product Development and Engineering. He previously served at Asahi Glass Company, a $10 billion international glass producer, as Photovoltaics Cover Technology Leader for its North American Solar Business Unit. He also worked at technology giants Lucent Technologies and Fujitsu Network Communications. Sargent joins the company following the appointment of former Duke Energy veteran and power grid expert, Curtis Watkins, as Vice President of Energy Markets and Utilities.
Get the inside scoop on WNDW by signing up to Insider Financial
We Have A Monster Pick Coming Soon!
Don't Miss Out!
Sign Up Below!
Currently trading at a $85 million market cap, WNDW is a favorite of short sellers. However, the company is still standing and the stock has risen almost 100% in the past year. Harmel Rayat has been the company's backer and remains its largest shareholder with an ownership stake of 74%. He's still standing behind the company when he could have sold out long ago. In terms of whether the technology can get to the next level, I don't think executives from Duke Energy or Asahi Glass would be joining the company now. This signals to us and the market that WNDW is one step closer to fulfilling its goals. The next few months should be quite exciting indeed. We will be updating on the stock as more details emerge so make sure you are subscribed to Insider Financial so you know what’s going on with WNDW.
Disclosure: We have no position in WNDW either long or short. We have not been compensated for this article.
Discover Hidden Gems
Don't miss the next big opportunity. Subscribe for timely alerts on potential market movers.
