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SolarWindow Technologies Inc (WNDW Stock) Rockets Higher Once Again

SolarWindow Technologies Inc (WNDW Stock) Rockets Higher Once Again
Written by
Alex Carlson
Published on
May 7, 2020
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We said last time that SolarWindow Technologies Inc (WNDW Stock) was a smart long-term investment play. Patient investors were rewarded this week when WNDW stock jumped 50% after announcing big news.The only reason to trade penny stocks is for the explosive moves they can make. If a penny stock doesn’t have triple-digit or 10-bagger potential, there’s no reason to really be owning them. We at Insider Financial understand this and we spend our time hunting for penny stocks that can make big moves. SolarWindow stock has a history of making big moves and why we've covered the stock so much.As we take a closer look at the big news, we believe there's a lot more room for WNDW stock to run. WNDW Stock Daily Chart

About WNDW Stock

SolarWindow Technologies, Inc. (Symbol: WNDW; www.solarwindow.com) is a developer of transparent coatings that generate electricity when deposited onto glass or plastic. When applied to glass, for example, these coatings could convert passive windows into electricity-generating windows, which produce power under natural, artificial, low, shaded, and even reflected light conditions.Other potential uses for transparent electricity-generating coatings include, but are not limited to, building facades, balcony railings, curtain walls, skylights, and shading systems, as well as automotive, truck, marine and aircraft applications, various consumer products and military uses.[embed]https://www.youtube.com/watch?v=eikfArKjQ50&feature=emb_title[/embed]

WNDW Stock New Windows

In the coming weeks, SolarWindow plans to unveil its largest ever array of transparent electricity-generating window glass panes. The company's its team of scientists, engineers, and employees have built the largest-ever transparent electricity-generating window array during the COVID-19 pandemic. Continued collaboration and virtual technical meetings with the team resulted in producing greater clarity, size, and power from its electricity-generating glass panes than ever before.

Strong Balance Sheet

On May 1st, SolarWindow filed with the Securities and Exchange Commission its first 2020 quarterly interim financial statement, which reported $15.1 million in cash, no debt and $15.7 million in working capital.While we are currently a pre-revenue company, our balance sheet strength enables us to pursue our near-term goals of technology and product development and fabrication; and establishing partnerships for commercial manufacturing, marketing, and sale of products incorporating our electricity generating transparent coatings.

Bottom Line

Currently trading with a market cap of just $104 million, WNDW stock has enormous potential considering the multi-billion-dollar opportunity in the solar window market. A move back above yesterday's high of $2.61, sets WNDW stock up for a run towards the 52-week highs of $4.35 a share. With more news expected on its new window technology, we could be seeing news highs much sooner than investors expect.Good luck to all (except the shorts)!We will be updating our subscribers on the hottest penny stock runners. Sign up today!Disclosure: We have NO position in OTCMKTS:WNDW and have NOT been compensated for this article.Image by F. Muhammad from Pixabay

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