Thursday, July 22, 2010

"Akeena Q2 Revs Beat; Changing Name To Westinghouse Solar' (AKNS)

The stock is down 9% at 78 cents. Not our kind of deal.
Westinghouse was bought by Toshiba in 2006 and has the world's largest installed base of nuclear power plants.

From Tech Trader Daily:
Akeena Solar (AKNS) this morning reports Q2 revenue of $9.9 million, up 54% from Q1, and above the Street consensus at $8.9 million. The solar installation company  posted an adjusted loss for the quarter of $3.4 million, or 9 cents a share; the Street had expected a loss of 8 cents.
Meanwhile, the company also said it is changing its name to Westinghouse Solar, and will take the new symbol WEST, effective tomorrow....MORE