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andalay solar inc (WEST) Details

Andalay Solar, Inc. designs, manufactures, markets, and sells solar power systems and solar panels with integrated micro inverters in the United States, Canada, the Caribbean, and South America. Its products are designed for use in solar power systems for residential and commercial rooftop customers. The company sells its solar power systems to solar installers, trade workers, and do-it-yourself customers through distribution partnerships, its dealer network, and retail home improvement outlets under the Westinghouse name. The company was formerly known as Westinghouse Solar, Inc. and changed its name to Andalay Solar, Inc. in September 2013. Andalay Solar, Inc. was founded in 2001 and is headquartered in San Jose, California.

8 Employees
Last Reported Date: 03/24/14
Founded in 2001

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andalay solar inc (WEST) Key Developments

Andalay Solar, Inc. Presents at 25th Annual WSAF Institutional Investor Conference, Jun-19-2014 11:20 AM

Andalay Solar, Inc. Presents at 25th Annual WSAF Institutional Investor Conference, Jun-19-2014 11:20 AM. Venue: The University Club, 1 W. 54th Street, New York, NY 10019, United States. Speakers: Steven L. Chan, Chief Executive Officer, President and Director.

Andalay Solar, Inc. Expands Product Line with the DC Instant Connect Module

Andalay Solar, Inc. is expanding its product line and re-introducing the fully integrated DC Instant Connect(R) Panel equipped with a unique plug-and-play feature. Unlike ordinary solar panels, the revolutionary DC Instant Connect(R) Panel has built-in racking, grounding and wiring. Each DC Instant Connect(R) Module comes with a pre-installed jumper cable, which eliminates the need to run a homerun cable and thereby eliminates costly wire management issues. As the panels come together, the junction box cables and jumper cable automatically connects. Just like the AC Instant Connect(R) panel that Andalay is currently selling, the splice rods provide both structural rigidity and an electrical grounding path, subsequently getting rid of the need for racking and copper grounding. Furthermore, the built-in racking and Andalay groove enable panels to be attached directly to the roof without a rail system which reduces installation time and creates a more aesthetically pleasing installation by enabling the solar system to be mounted more flush to the roof. Most importantly, the DC Instant Connect(R) Module's plug-and-play feature makes economical sense. From a business standpoint, the integrated racking, wiring and grounding has been shown to cut up to 25% of the total costs necessary to design and install a solar power system. From a consumer perspective, the solar power system is expected to maximize the shortening payback period for a system.

Andalay Solar, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Andalay Solar, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net revenue of $142,482 compared to $81,194 for the same period a year ago. Loss from continuing operations was $660,454 compared to $1,018,367 for the same period a year ago. Loss before provision for income taxes and discontinued operations was $69,942 compared to $1,023,659 for the same period a year ago. Net loss from continuing operations was $69,942 compared to $1,023,659 for the same period a year ago. Net loss was $69,942 compared to $1,020,734 for the same period a year ago. Net loss attributable to common stockholders was $84,396 or $0.00 per basic and diluted share compared to $1,343,954 or $0.04 per basic and diluted share for the same period a year ago. Revenue declined sequentially by 81.2%, the lower sales were due to a significant customer order for a specific project during the fourth quarter of 2013 and due to seasonally low revenue volume during the first quarter driven by winter weather. Year-over-year revenue increased $61,000 or 75.5%, compared to the same period in the prior year due to an increase in watts sold and due to limited inventory levels during the first quarter of 2013 due to supplier relationship issues.


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