Not deterred by market heartaches, WorldWide Energy & Manufacturing USA (OTCBB: WEMU) announced extremely impressive financial results for the third quarter ended September 30, 2008. The seasoned industrial manufacturing firm has channeled its 14 years of manufacturing experience into the booming $23 billion a year solar industry, and the results speak for themselves. Comparing the nine months ended September 30, 2008 to 2007, revenues grew 283% from $8.M to $31.3M while net income rose 163% from $453, 913 to $1.19M. These are serious numbers during any market, let alone today’s.

When consumers began seeking out new alternatives to oil and fossil fuels for energy and transportation, it opened a significant opportunity for solar power innovation. One of the corporations that is leading in the development of the solar industry is AmeriSolar, a subsidiary of Worldwide Energy and Manufacturing USA, Inc. (OTC BB:WEMU.OB). With WEMU’s strong revenue numbers, the target share price for the stock is $14, the company is currently trading at $4 per share, this is an undervalued stock with a high ceiling for growth, both in regard to revenues and technological development.

WEMU announced that its solar division, AmeriSolar, has signed solar module contracts for new orders valued at approximately $8.2 million.

When searching for high-growth companies to add to your small cap portfolio, Worldwide Energy and Manufacturing should be at the top of your target list. Worldwide Energy and Manufacturing trades at the symbol WEMU (click for full investment profile). To date, WEMU’s subsidiary AmeriSolar has signed approximately $30 million in new contracts, the majority of which of which are expected to be recorded during the 2008 calendar year. Net sales for the six months ended June 30, 2008 totaled $12.24 million, an increase of $7.01 million or 134%, compared to $5.23 million for the six months ended June 30, 2007. This is a fast moving company with a high ceiling for growth, and is presently undervalued compared to its peer group.

If you’re looking to invest in the solar industry, you would have a hard time finding a better candidate for investment than Worldwide Energy and Manufacturing (Symbol: WEMU). Worldwide is committed to developing, manufacturing and maintaining the highest quality solar modules in the industry. Under the brand name of “AMERISOLAR”, Worldwide’s solar modules provide electric power for residential, commercial, industrial and public utility applications. The Solar Division of Worldwide is rapidly becoming a major player in the photovoltaic industry where light energy is converted into clean, reliable and affordable power.

There is some very exciting news this week from Worldwide Energy and Manufacturing USA. The company trades at the symbol WEMU.OB and is a U.S.-based China manufacturing company who specializes in products for customers in the solar energy, aerospace, wireless telecommunications, medical equipment and automotive industries, have announced that its solar division, AmeriSolar, has signed $8.1 million in new solar module contracts, with approximately $4 million from a new customer and $4.1 million from an existing customer. To date, AmeriSolar has signed approximately $30 million in new contracts, the majority of which of which are expected to be recorded during the 2008 calendar year.