Dallas, Texas 12/03/2013 (Financialstrend) – Andalay Solar Inc (OTCMKTS:WEST) has been slowing down its pace of growth and this was reflected in the stock markets. At the time of closing, the company posted loss to the tune of 8.73%.
Begin its operations in the name of Westinghouse Solar, Inc., Andalay Solar Inc (OTCMKTS:WEST) now has diversified within its solar niche. It is now a strong player in the design as well as manufacturing of solar solutions for both commercial as well as retail requirements.
Andalay Solar Inc (OTCMKTS:WEST)’s unique selling point has been the use of a technology component called as integrated micro inverters. Called as Alternate Current (AC) solar panels, by Anadalay Solar Inc, offers customized solar heating, lighting and other power-related device establishment on rooftops.
To ensure it is able to deliver unique and relevant solar solutions, the company has ventured into the designing of the various solar components required for such solutions. This has allowed Anadalay solar Inc, to make available solar kits and Do It Your self-type of product design for the enterprising consumers. Currently operating in the North American continent and servicing U.S as well as Canadian consumers, it continues to grow in its traditional sectors of service.
In the days when Solar City and other big names of the solar industry are biting the dust, thanks largely to business model which relies on the subsidies the government offers to users who install the solar solutions, it appears Anadalay Solar Inc., appears to have a more successful business model. It offers distribution channels as well as dealership networks as well as remaining accessible to smaller and niche organizations such as home improvement outlets.
However, in recent stock markets reports, the company has seen loss of nearly 8.73%. Shares were found to be trading at an almost all time low, plunging by nearly 23.33% in less than a month. The company capitalization was $2.11 million.