Oegy Open Energy Corporation Penny Stock- Solar Energy

[greencat]

SOLANA BEACH, CA -- (MARKETWIRE) -- 07/02/07 -- Open Energy Corp. (OTCBB: OEGY), a renewable energy company focused on providing solar solutions to its residential and commercial customers, today announced a $4.21 million dollar purchase order for SolarSave® PV Tiles from SolarPro International, a solar integrator based in Sacramento, California. Open Energy's building integrated PV tiles will be installed on approximately 375 new single-family residences in the Placer County development.

Homes will be equipped with 2-kilowatt rooftop systems, representing about half of the total electrical requirements of each property. The remainder of the rooftops will be surfaced with Eagle Roofing's cement tile products. Homes are currently under construction, with build-out of the projects expected to occur over the next thirty-six months.

David Saltman, CEO of Open Energy, announced: "Kevin Boedecker and his team at SolarPro have done a phenomenal job designing this project and convincing the developer that our SolarSave® PV Tiles can help them market properties, as well as generate significant utility savings for their homeowners. We look forward to accelerating our sales through this important channel."

Kevin Boedecker, President of SolarPro, commented, "I have been working in the solar industry since 1980, and there has never been this level of interest in residential and commercial systems. The economic feasibility and environmental benefits of renewable energy are generating a great deal of activity. The big commercial builders recognize the value proposition of going solar and are embracing the technology in a number of their projects. It is an exciting time to be in this business."

[Kobane]

Bump, day late but...watching, maybe a p&d..:/

last news was 5-2 ... http://biz.yahoo.com/e/080502/oegy.ob8-k.html

[greencat]

Made a higher low. I would like to see it keep going and take out some resistance points before it pulls back. It is in a good sector and may keep on going.

Chart
http://www3.stockfetcher.com/sfchart/1092616439.png



Income Statement
Revenue (ttm): 6.07M
Revenue Per Share (ttm): 0.052
Qtrly Revenue Growth (yoy): 54.40%
Gross Profit (ttm): -4.79M
EBITDA (ttm): -26.45M
Net Income Avl to Common (ttm): -46.74M
Diluted EPS (ttm): -0.399
Qtrly Earnings Growth (yoy): N/A


Balance Sheet
Total Cash (mrq): 3.87M
Total Cash Per Share (mrq): 0.03
Total Debt (mrq): 7.83M
Total Debt/Equity (mrq): 1.087
Current Ratio (mrq): 0.806
Book Value Per Share (mrq): 0.056


Cash Flow Statement
Operating Cash Flow (ttm): -16.25M
Levered Free Cash Flow (ttm): -19.69M