Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Rock_nj who wrote (319)	2/24/2007 11:51:00 AM
From: Sam Citron	Respond to of 384

Couldn't agree more. The weird thing is the pricing of this energy. A KW is a KW whether it comes from filthy coal or from clean renewable solar. It's just that the externalities of dirty energy sources are not priced in. The issue is whether and how soon carbon trading [CT] gets us there. I personally don't think CT is the complete answer and the planet and time horizons of most investors are running out of time... Basic problem is that at today's costs of a solar system, there's still simply no private economic incentive for me to install solar panels on my roof. Obviously this equation needs to change. We've got to internalize the externalities. This is a messy process if the grid is in private hands, a regulatory nightmare. But the technology keeps getting better even though solar has to pass that very high threshold here in US where clean energy subsidies are much less than in Europe. These concentrators will not be cheap although the technology is promising. Investors appetite for these investments is another matter. So far ecoimagination has not been very profitable for investors. Just look at GE still languishing in the mid 30s. WWAT is the opposite of GE and has been a roller coaster. I am not sure which is worse for an investor. ;-) Sam

To: Rock_nj who wrote (319)	5/10/2007 12:28:27 PM
From: Skywatcher	Respond to of 384

WorldWater & Solar Technologies Announces First Quarter Results Thursday May 10, 7:30 am ET Company on Track for Record-Setting Year PENNINGTON, N.J.--(BUSINESS WIRE)--WorldWater & Solar Technologies Corp. (OTC BB: WWAT.OB - News), developer and marketer of proprietary high-horsepower solar systems, today announced results for the first quarter ended March 31, 2007. Revenue for the first quarter was $0.9 million, with gross profit of $0.2 million. "We continue to be very excited about prospects for 2007, even as the first quarter showed declines versus last year on a revenue and bottom line basis due to contract timing," said Quentin T. Kelly, Chairman of WorldWater & Solar Technologies Corp. oss margin improved to 21.0% from 6.7% in the first quarter of 2006, but revenue fell as WorldWater put in place a new strategy to pursue larger megawatt and multi-megawatt contracts - h take longer to bid and negotiate, with greater lead times for production and installation. However, as was recently announced, WorldWater won its largest project ever in the quarter - a $16 million, 2 megawatt system for Fresno Yosemite International Airport, which is now in pre-engineering and will result in substantial revenue for the company during the second half of 2007. In addition, we are actively bidding on numerous large projects and hope to announce additional contracts as soon as possible. "We see sequential improvement in revenue every quarter this year, and the company is maintaining its full-year sales guidance of $30-$35 million - at least doubling our full year production to approximately 5 megawatts. Revenue will be concentrated in the third and fourth quarters, similar to last year, and we remain on track for profitability." Mr. Kelly continued, "In line with our rapid growth, we recently announced that the company's name had changed - which we view as appropriate given our increasing leadership in providing state-of-the-art adaptive technologies for renewable solar power. We are leveraging our expertise to build and install some of the largest, most advanced solar solutions worldwide. As the need for renewable energy shows no signs of abating, our cost-effective solutions are being very favorably received in the market. "Lastly, let me just add that while WorldWater is well positioned for strong growth this year, our discussions with ENTECH continue. We will keep our shareholders informed as appropriate going forward. In closing, let me remind everyone that our Annual Meeting is May 24; we look forward to seeing you then." Financial Results Revenue for the first quarter was $0.9 million, compared with $2.0 million reported in the first quarter of 2006. Gross profit for the quarter was $0.2 million, versus $0.1 million in the prior-year period. The net loss for the first quarter of 2007 was $2.1 million, or $(0.01) per share, compared to a loss of $3.6 million, or $(0.03) per share, in the first quarter of 2006.