Last $0.03 USD
Change Today +0.001 / 3.70%
Volume 3.0M
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

andalay solar inc (WEST) Snapshot

Open
$0.03
Previous Close
$0.03
Day High
$0.03
Day Low
$0.03
52 Week High
05/20/13 - $0.05
52 Week Low
07/2/13 - $0.02
Market Cap
4.1M
Average Volume 10 Days
3.5M
EPS TTM
$-0.08
Shares Outstanding
145.6M
EX-Date
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P/E TM
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Dividend
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Dividend Yield
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Current Stock Chart for ANDALAY SOLAR INC (WEST)

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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

andalay solar inc (WEST) Top Compensated Officers

Chief Executive Officer, President, Chief Fin...
Total Annual Compensation: $216.6K
Compensation as of Fiscal Year 2013.

andalay solar inc (WEST) Key Developments

Andalay Solar, Inc. Appoints Steven Chan as Chief Executive Officer, President and a Director, Effective from April 22, 2014

Andalay Solar, Inc. announced that its board of directors has appointed Steven Chan as CEO and President, effective from April 22, 2014. In addition, the board of directors has appointed Steven Chan to serve as a director of the company, effective April 22, 2014. Ms. Randazzo will remain as the Chief Financial Officer of the company until June 30, 2014 and also remain on the board of directors. Mr. Chan served as the Vice President of NRG Energy from May 2012 to November 2013 serving as head of residential solar for its NRG Residential Solar Solutions business.

Andalay Solar, Inc. Auditor Raises 'Going Concern' Doubt

Andalay Solar, Inc. filed its S-1/A on Mar 11, 2014 for the period ending Dec 31, 2013. In this report its auditor, Burr, Pilger & Mayer LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Andalay Solar, Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

Andalay Solar, Inc. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company's net revenue was $756,966 compared to $752,251 a year ago. Loss from operations was $601,909 compared to $1,288,773 a year ago. Loss before provision for income taxes was $594,248 compared to $1,319,841 a year ago. Net loss from continuing operations was $594,248 compared to $1,319,841 a year ago. The net loss includes a favorable non-cash adjustment to the fair value of embedded derivatives of $66,000 for the fourth quarter of 2013. Excluding the impact of the embedded derivative adjustment, net loss from continuing operations for the fourth quarter of 2013 was $660,000. Net loss was $594,248 compared to $1,335,939 a year ago. Net loss attributable to common stockholders was $623,044 or $0.01 per basic and diluted share compared to $1,755,566 or $0.07 per basic and diluted share a year ago. For the year, the company's net revenue was $1,124,836 compared to $5,222,248 a year ago. The year-over-year decrease in revenue relates to limited inventory levels during the first nine months of 2013 due to supplier relationship issues. Loss from operations was $3,261,784 compared to $8,118,245 a year ago. Loss before provision for income taxes was $2,840,844 compared to $8,638,200 a year ago. Net loss from continuing operations was $2,840,844 compared to $8,638,200 a year ago. Net loss was $2,830,047 compared to $8,622,393 a year ago. Net loss attributable to common stockholders was $3,858,656 or $0.06 per basic and diluted share compared to $9,159,638 or $0.46 per basic and diluted share a year ago. Excluding the impact of the non-cash adjustments in both years, net loss in 2013 and 2012 would have been $3.3 million and $8.2 million, respectively.

 

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