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Clear Skies Enters Eastern Massachusetts

2011-09-14 06:00 ET - News Release


MINEOLA, N.Y., Sept. 14, 2011 (GLOBE NEWSWIRE) -- Clear Skies Solar, Inc. (CSS) (OTCBB:CSKH), a full-service national renewable energy provider has today announced their entry into the New England region's residential and commercial markets.

Due to the dynamic nature of the fragmented US solar industry, we must choose carefully which markets we enter. After diligently evaluating the Massachusetts market, we decided to enter this market utilizing the same model that was successfully executed in New Jersey. We expect our Massachusetts sales program to have a high level of success based on the stability of the MA Renewable Energy Credits (REC's) market. REC's are derived from the production of electricity via non-fossil fuel means. In Massachusetts, this gives each kilowatt hour produced a value of not less than $0.30 but currently a value at $ 0.52 on the spot market. This "floor" is slated to last for ten years adding a unique level of security to both private as well as institutional investors.

CSS test marketed the program for Massachusetts in August 2011 with positive results. Already CSS has signed contracts for over $1 million worth of projects in Massachusetts. "As we grow our sales force and our brand in Massachusetts, we expect this rapid pace of growth to continue. We look forward to tremendous success in this market due in large part to the REC market structure in Massachusetts which was designed with a price floor to bolster investor confidence by providing a safeguard against any major downturns in the market. Additionally, we will continue to seek out new markets and opportunities as they open up in the months and years to come," said Ezra Green, CEO of Clear Skies Solar.

About Clear Skies Solar, Inc.

Already CSS has signed contracts for over $1 million worth of projects in Massachusetts.


Angekündigte  umsätze aktuell rund 12 mio $
aktuelle market cap 3,85 $


da ist IMHO noch gut luft nach oben ....

Bin mal gespannt ob da was passiert, werden ja kaum noch gehandelt wie ich erfahren konnte. Zudem sieht der aktuelle Quartalsbericht auch nicht rosig aus, bei den Umsatzzahlen werden wohl noch einige Jahrzehnte ins Land ziehen bis da mal Gewinne in Form von Dividenden anfallen. Wenn ich den Quartalsbericht richtig verstanden habe, stehen die inzwischen im dreistellingen Millionenbereich in der Kreide. Dagegen stehen gerade mal 2-3 Aufträge im Millionenbereich (Umsatz, nicht Gewinn!)

 

Sehe bei dem Verein eher schwarz.