Dallas, Texas 02/25/2014 (FINANCIALSTRENDS) – Andalay Solar Inc(OTCMKTS:WEST) has reported its fourth quarter results. The company has shown an increase in the net revenue over the last quarter of 2013. The company which had a revenue of $757,000 during the fourth quarter of 2013, has shown an increase in the net revenue by $600,000 or by over 382%. The company has also reported that post the results reporting process, the company has actually traded lower by over 1.69%. In fact, the share prices ended at $0.0290 price points at the end of the trading session. The trade in terms of volume too was affected. Where the average volume for the company is typically at 3.43 million shares, WEST was able to trade overall only 1.33 million shares.
Andalay Solar Inc(OTCMKTS:WEST) has a 52 week range which is between high of $0.07 and low of $0.02. The market value for this solar component maker is currently 2.67 million.
How does WEST fare in comparison to peer?
Andalay Solar Inc(OTCMKTS:WEST) is known to provide innovative solar and renewable energy hardware and accessories solutions aimed at retail users.Interestingly, the components are available off the shelf for those with environment commitment and zeal for technology to strap their own solar energy units for home as well as small commercial consumption.
Commonly, WEST is known to provide standard equipment such as solar power systems and panels which are integrated, with unique inverters. This ensures that the conversion of the solar heat into energy is done on-site with minimal hardware fuss. Peer hardware need inverters which do challenge solo technology enthusiasts and ensure that commission and implementation of solar panle systems is done by their teams. This is in contrast to WEST self-building bloc where the end-consumer can build as per requirement.
Andalay Solar Inc(OTCMKTS:WEST) also design solar installations for those requiring such services. The company also operates in Canada through a distributor partnership.