Dallas, Texas 11/07/2013 (Financialstrend) – In Wednesday’s trading, Andalay Solar Inc (OTCMKTS:WEST) dropped by 9.48%. The opening price of the shares was $0.03, which was the intraday high and dipped to a close of $0.02. Approximately 1.85 million shares were traded on Wednesday while an average volume of 3.61 million shares were traded over a 30 day period. The 52-week low of Andalay Solar Inc (OTCMKTS:WEST) shares is $0.02 and its 52-week high is $0.13. The company has a market capitalization of $2.41 million.
About the company
Andalay Solar Inc (OTCMKTS:WEST) was previously Westinghouse Solar, Inc. The company was incorporated on 23 February 2001. It is a designer & manufacturer of solar-power systems & solar panels that have integrated micro inverters. The company calls these its alternate current solar panels. Andalay Solar Inc (OTCMKTS:WEST)’s products are specifically-designed to be used in solar-power systems and are supplied to residential & commercial rooftop customers. Andalay Solar Inc (OTCMKTS:WEST) designs, markets & sells these solar -power systems to various solar installers, trade -workers and DIY customers across the United States & Canada. The company does this via distribution partnerships, its own dealer network & retail home improvement outlets.
Andalay Solar Inc (OTCMKTS:WEST)’s business is solely focused on design & manufacturing activities & sales of its solar-power systems to various solar installers, trade-workers and retailers via its distribution partnerships, its expansive dealer-network and numerous retail home-improvement outlets.
Andalay Solar Inc (OTCMKTS:WEST) has also introduced a plug & play solar-panel technology (Andalay). It introduced Westinghouse Solar AC-panels. These deliver 5% -25% more energy, produce safe household-AC power & have built-in panel level-monitoring, wiring, racking, grounding & micro inverters. Andalay Solar Inc (OTCMKTS:WEST) sources its various components, like solar panels & inverters from manufacturers, like Suntech Power Holdings Co. Ltd, Light Way Green New Energy, and Enphase Energy. Andalay Solar Inc (OTCMKTS:WEST) competes with Yingli, Suntech, Trina, Sharp, SunPower, SolarWorld, Sanyo, LG and Samsung.