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Last $5.00 USD
Change Today -0.25 / -4.76%
Volume 689.0
PSWW On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 07/27/15 All times are local (Market data is delayed by at least 15 minutes).

principal solar inc (PSWW) Snapshot

Open
$5.00
Previous Close
$5.25
Day High
$5.10
Day Low
$5.00
52 Week High
04/15/15 - $35.60
52 Week Low
12/1/14 - $2.20
Market Cap
40.5M
Average Volume 10 Days
212.0
EPS TTM
--
Shares Outstanding
8.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PRINCIPAL SOLAR INC (PSWW)

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principal solar inc (PSWW) Details

Principal Solar, Inc., a renewable energy company, owns and operates solar generation facilities in the United States. It owns three solar power production facilities. The company is headquartered in Dallas, Texas.

principal solar inc (PSWW) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $288.0K
Founder and Executive Vice President of Busin...
Total Annual Compensation: $216.0K
Chief Financial Officer
Total Annual Compensation: $363.9K
Compensation as of Fiscal Year 2014.

principal solar inc (PSWW) Key Developments

Principal Solar Inc. to Acquire 100% Membership Interest in 78.7-Mw Ac Solar Project in Anson County

Principal Solar Inc. has entered into a binding term sheet with Innovative Solar Systems LLC to acquire 100% membership interest in a planned 78.7-MW AC solar project in Anson County, N.C. The company will pay about $300,000 per month between the execution of the membership interest purchase agreement and the financial close. Payments will also include a balloon payment at financial close sufficient to having cumulatively paid 78% of the $5.5 million purchase price. The remaining 22% of the purchase price will be paid in installments of $150,000 per month through the project's commercial operation date. The planned Innovative Solar 37 facility is expected to go online by November. Upon completion, it will sell its output to Duke Energy Progress Inc. under a 10-year flat-rate power purchase agreement.

Principal Solar Mulls Acquisitions

Principal Solar, Inc. (OTCPK:PSWW) is seeking acquisitions. Principal Solar announced a secondary public offering and is looking to raise up to $26 million by selling up to 2.8 million shares. Principal Solar expects to use the proceeds from offering to repay debt, fund potential acquisitions and project financing. Principal Solar has identified targets, including SolarCity and TerraForm Power, which it could either partner with, or acquire.

Principal Solar, Inc. Enters into Binding Term Sheet Regarding Joint Development Effort with Energy Surety Partners, LLC

On June 5, 2015, Principal Solar, Inc. entered into a binding term sheet regarding a joint development effort with Energy Surety Partners, LLC of Phoenix, AZ. Pursuant to the joint development effort, the company and ESP will jointly develop up to 500 MW DC comprised of three separate solar projects in the panhandle of Texas. The first of these projects, Principal Sunrise VI, is a 150 MW dc solar project located on a 1,000 acre site near Amarillo, Texas. Offtakers are expected to be individual merchants with a high demand for electricity and retail electric providers selling at retail prices to individual end-users, both signing multi-year power purchase agreements. The company and ESP have documented in a term sheet the separate responsibilities of each party and the preliminary economic terms between the parties, and each has agreed to be bound by those parameters in formal contracts to be prepared and executed on or before June 19, 2015. Preliminary estimates developed jointly by the parties reflect an expected total capital investment of approximately $800 million based upon today's component pricing. The construction schedule has not yet been determined, but the Company expects the projects to reach commercial operation in a time range from mid-2016 through 2017.

 

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Industry Analysis

PSWW

Industry Average

Valuation PSWW Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 30.3x
Price/Book 86.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales 23.9x

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