I was a holder of this stock but am out for the time being. Keeping a close eye on it for future investments. I think this company has some good potential but just to be transparent, there are some concerns for the time being which is why I sold my shares. These include:
- Can be applied in office windows - but this would be at a 90 degree pitch so energy absorption is limited. But it is better than nothing
- Someone on this forum contacted the chief technical officer, at the moment they can only produce 1x1m glass panels (apparently someone has been told by a director that 2x2m panels can be made, but I was surprised the chief technical officer didn't confirm this). This limits the application of this in buildings.
- No current sales that I am aware of (apart from a small greenhouse at an Australian University)
- I was also looking at a bus stop the other day (potential application) but I would think you would want something solid to share the sun, not something clear at a bus stop.
I do like the enthusiasm, but at the moment I think the most realistic and best application for this product in the immediate future is in skylights. I acknowledge the future application may be greater but I think its still some years off for this company. I don't see the price going up anytime soon. With any stock there are going to be positives and negatives, before I invest in a stock I like to understand both sides to feel safe. I am not an expert in the building industry or on stocks so not claiming any expertise in the area, this is just from my research and chatting to a few guys who install solar panels for a living.
IMO - DYOR
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