Solarwindow Technologies Inc (OTCMKTS:WNDW) is one company that has truly been following innovation. The company has come up with yet another plan to replace traditional electrical equipment with green ones. Solarwindow wants to make use of the power collected by its see through windows and collect it in a next generation system, which would replace traditional wiring. Unfortunately, with its solar windows still under development, investors are being very cautious with the stock.
Solarwindow aims to replace traditional windows in houses and especially skyscrapers and replace them with see through solar windows. Now it has also come up with a new product, its easy power connection system, to replace traditional wiring. With this new product, the company aims to simply the work for glass installers, fabricators and maintenance personnel. Although the product is still under development, the company has received valuable feedback from institutions, which have reviewed the company’s model and believe it to be very profitable.
Unfortunately, a company playing on all words and no actions to show for, it is not a surprise that investors are not leaning towards the potential “next big thing”. The biggest red-flag for the company is its previous product, the MotionPower project. As per this project, the company had aimed to generate electricity through cars going over speed bumps. The company had abandoned the project in favor of solar window, instead of running the two projects in parallel. Who is to say that the company would not do so again, when the next product comes under development?
Additionally, due to the lack of having a product in the market, the company is not profitable and has weak financial health. Unfortunately, keeping that in mind it pays its executives a little too much and has even claimed for a 1-year financial payback. This was despite the fact that the company has no estimates and no idea how much would its potential product cost.
Solarwindow Technologies Inc (OTCMKTS:WNDW) closed at $2.05, after losing 1.54% on May 2. The stock saw 25.42 million shares change hands, to report a decline of $0.03.