KansasMan PM would caution anyone considering purchasing Akeena. So this year Id suggest they might be more inclined to large minority stake in Akeena, rather than buy the company outright. Their leadership thinks long term, and is no doubt trying to devise how best to position themselves in the American market before it really opens up. believe Andalay is being produced by Suntech currently.
All of these factors cause me to downgrade the actual market value of Akeena. However, Suntech is definitely hedging their bets within certain range of solar technologies, doing thin film, BIPV, Andalay, and more, as well as purchasing significant minority stakes in various polysilicon refiners Hoku Sci, Nitol. believe Andalay is being produced by Suntech currently. As for Andalay, this product change the way panels are installed, but they are just one of many companys who have products which will speed installation.
They recently opened an American office in San Fran, so youve got geographic convenience there existing Akeena offices offer ready made expansion into the US market, along with workforce with useful expertise. They also do not appear to be gaining significant market share in any regional location. Until see some real signs of growth in project margin will continue to consider them just another service company, which would define valuation closer to the 35 range.
They do not have the skills to compete with Powerlight, SunEdison, or SPG on the large scale, and seem to be struggling to develop market advantage on the small scale sub 1,000,000 projects. They do have good marketing, as would be expected with their CEOs experience in the dot com era. As for Andalay, this product change the way panels are installed, but they are just one of many companys who have products which will speed installation.
However, Akeena is without doubt company to watch.. As for Andalay, this product change the way panels are installed, but they are just one of many companys who have products which will speed installation. They already have very strong relationship with Akeena theyre manufacturing the Andalay panel or 90 of the panels with Kyocera doing 10, and are distributing the panels overseas the sales expertise will be there by end of year thats an investment in itself. So this year Id suggest they might be more inclined to large minority stake in Akeena, rather than buy the company outright.
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