Solco is currently capitalised at $8 million. Thats 5 times earnings - last years earnings. They are on track to significantly increase that this year, with the only negative (being the end of the rebate program) still six months off affecting their sales - and assuming the new program happens soon, should have little effect as the new program is open to all, not just those that earn under $100K pa. This has the potential to actually be better for sales, plus lower panel prices having a large impact on margins.
When will it be re-rated? Maybe when some (any!) promotion is done.
GOE Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
