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Technology Stocks : Worldwater Corp -- Ignore unavailable to you. Want to Upgrade?


To: Rock_nj who wrote (316)2/23/2007 7:53:59 PM
From: Skywatcher  Respond to of 384
 
WorldWater & Power Announces Outlook for 2007
Tuesday February 20, 7:30 am ET
Anticipates Revenue of $30-$35 Million to Drive Company to Profitability

PENNINGTON, N.J.--(BUSINESS WIRE)--WorldWater & Power Corp. (OTC BB:WWAT.OB - News), developer and marketer of proprietary high-power solar systems, today provided guidance for 2007. The company, which estimates 2006 revenue of $17 million, expects to see sales nearly double this year - to $30-$35 million, representing 5 megaWatts of electricity. The company has a steady backlog of solar projects and is bidding on an active pipeline of opportunities. Seasonality will be similar to 2006, with higher revenue expected to be realized in the latter half of the year. However, each quarter is expected to show strong comparisons over 2006. The seasonality reflects both normal demand trends and a shift in the company's focus to larger, multi-megaWatt projects. In addition, WorldWater anticipates showing a profit for the full year - a major accomplishment - as it leverages increasing opportunities and takes a growing share of the solar market.


The company continues negotiations with ENTECH, Inc. and will keep investors and customers informed as developments warrant.

"I am very pleased with the progress made in 2006 and look forward to continued strong growth this coming year," commented Quentin T. Kelly, Chairman and CEO of WorldWater. "Profitability is clearly within our reach, and we believe that our focus on larger systems will pave the way for even greater performance in 2008."

The company expects to report fourth quarter and full year 2006 results on or about March 30, 2007.



To: Rock_nj who wrote (316)2/24/2007 10:58:37 AM
From: Sam Citron  Read Replies (1) | Respond to of 384
 
Here comes the sun...

With EMCORE's multijunction cells in the focal spot of ENTECH's optics creating 500x to 1000x concentrated sunlight, and WorldWater's electronic control devices translating that concentrated electrical energy into megawatts of working power in the field, we expect to add a whole new dimension to the public's understanding of solar energy.

I generally abandon stocks before they lose 60% of their value and I don't usually go in for penny stocks. Let's just say that I'm not lacking in ecoimagination. Now WWAT and I are both approaching profitability at the same time. Let's see what happens...

SC