Worldwide Energy and Manufacturing, USA, Inc. (OTC BB: WEMU) experienced another record-breaking first quarter. The U.S.-based solar module technology and China manufacturing company reported record revenue and earnings, marking Worldwide’s fourth consecutive quarter of revenue growth and record sales. The Company also announced notable increases in net income, earnings per share, and gross profit for the three months ended March 31, 2010. Worldwide’s solar division saw particularly strong gains in sales and gross profit.
Posts Tagged ‘solar module’
Worldwide Energy Announces New 3.8 MW Solar Contract Valued at $8.8M
BREAKING NEWS: Worldwide Energy and Manufacturing USA announced that its solar division, AmeriSolar, has received a new 3.8 MW solar module contract for a customer in Spain. The contract is valued at approximately US$8.8 million.
WEMU Hits $38 Million Benchmark in Solar Contracts
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.




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