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Micro-Cap in News; Sky Power Solutions Corp. (SPOW)

By Warren Paige

Shares of Sky Power Solutions Corp. (OTC: SPOW), a development-stage company, are soaring in trading today.

At last check, SPOW shares were trading 11.11% higher at $0.0500 on above average volume of 8.53 million. The stock touched an intra-day high of $0.09 today.

SPOW shares are gaining momentum today after the company announced today that it is looking to accelerate the completion of commercial distribution agreement for its solar concentrator. SPOW had recently completed a pre-commercial testing of its solar concentrator.

According to Sky Power Solutions, the recent test on solar concentrator showed a significant increase in efficiency that will generate electricity even with 70% cloud coverage.

Sky Power President said that latest tests provided the results needed by the various distributors to complete agreements and guarantee sales level.

 

July 16th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.