Dallas, Texas 09/23/2013 (Financialstrend) – Headquartered in Campbell, California, Westinghouse Solar Inc (OTCMKTS:WEST), caters to its customers in the United States and Canada through dealer network, distribution channels and retail home improvement outlets. It is involved in designing, manufacturing, marketing and selling of solar power systems and solar panels integrated with micro inverters. Its customer range includes do-it-yourself customers, retailers, solar installers and trade workers.
Westinghouse Solar Inc (OTCMKTS:WEST) has market capitalization of $2.17 million with total 81.42 million shares outstanding. Currently the stock is trading almost 86% below its 52 week high of $0.2, and around 30% above its low of $0.02. On Friday, September 20, 2013 the stock gained around 6% to close at $0.0267.
The stockholders of Westinghouse Solar Inc (OTCMKTS:WEST) voted on total seven proposals including election of directors, change in name of the company and increase the number of authorized shares during the Annual Meeting of Stockholders held on Thursday, September 19, 2013. Edward L. Bernstein, Mark L. Kalow, Ron Kenedi and Edward Roffman were elected as directors during the meeting. The stockholders also approved the amendment to increase the number authorized shares from 100 million to 500 million.
An amendment to the Company’s Certificate of Incorporation, was also approved and adapted by the stockholders, to change the name of the Company to ‘Andalay Solar, Inc.’ To remind the investors and experts, that the company has just changed its name couple of years back in April 2011 from Akeena Solar, Inc. to Westinghouse Solar Inc (OTCMKTS:WEST). The company has also announced on its website homepage that the Westinghouse Solar Inc (OTCMKTS:WEST) is now Andalay Solar.
The company’s plug and play solar panel technology has been made known as Andalay Solar Power System. The company has over 25 pending or issued patents related to easy to install, safe, reliable, more powerful and economic solar panel technology that reduces labor costs by half and parts count by 80%.
