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Sunvalley Solar Shares Rise from Bottom on Solar Installation Contract

Sunvalley Solar (SSOL)

Shares of Sunvalley Solar, Inc. (OTCBB: SSOL) are rising in trading Monday morning after the solar power technology company disclosed a new contract to 87.5-kilowatt solar system installation contract from Corporate Logistics in City of Industry, California.

The contract is for a system capable of generating 131,146 kilowatt hours of electrical power each year, utilizing 350 pieces of high efficiency 250-watt polycrystalline solar panels, according to Walnut, California-based Sunvalley. The installation is slated to begin mid-2013.

“Corporate Logistics’, an existing customer since 2008, selection of Sunvalley for this contract shows their trust and confidence in our quality and our expertise. Sunvalley continually strives to be a leading supplier of high quality solar systems,” said James Zhang, chief executive of Sunvalley Solar.



The news comes on the heels of a March 19 announcement that the company was awarded a contract for the installation of a 329-kilowatt system from Amerifreight, Inc. That system, which is being installed in Sunvalley Solar’s hometown, will be capable of generating 485,215 kilowatt hours of electrical power annually through 1,316 panels. Zhang said that he believes 2103 is going to be a “banner year” for the company during a prepared statement announcing the contract.

No values of the contracts were disclosed.

Shares of SSOL have held a base in the area of $0.003 in 2013 and have spiked as high as $0.0202 in mid-February (nearly a 600 percent move). The gains were sustained, though, with prices dropping back down near the bottom support level.

With the news today, shares have perked back up by about 60 percent midway through Monday’s trading, printing $0.0069 with more than 3.5 million shares changing hands. In the past 52 weeks, shares are down about 50 percent.

Sunvalley Solar (SSOL) Stock Quote and News:







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