AKNS Akeena Solar (MM)

StockPreacher.com announces an investment report featuring Akeena Solar Inc. (Nasdaq:AKNS). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.

The full report is available at: http://www.stockpreacher.com/n/AKNS

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Akeena Solar Inc. (AKNS) is a designer, integrator and installer of solar power systems. The Company markets, sells, designs and installs systems for residential and commercial customers, sourcing components (such as solar panels and inverters) from manufacturers such as Suntech, Kyocera Fronius and SMA. The Company is active in the solar power industry as a designer and installer. The Company serves customers in California, New York, New Jersey, Pennsylvania and Connecticut. 

Message Board Search for AKNS: http://www.boardcentral.com/boards/AKNS

In the report, the analyst notes:

"Net sales for the fourth quarter of 2009 were $7.0 million, a decrease of 35.2% compared to $10.9 million in net sales in the fourth quarter of 2008, and a decrease of 8.3% from the third quarter sales of $7.7 million. The decline in the fourth quarter over the same quarter last year reflects the absence of East coast and Colorado installations and lower commercial revenue due to the tight credit market partially offset by an increase in distribution revenue. 

"AKNS recently announced it will provide residential installation services for Lowe's customers in 21 California stores. The announcement comes just a few months after Andalay AC solar panels first hit the shelves as part of Lowe's Energy Center, making them the first grid-connected solar power systems to be sold by a major retailer. Andalay AC panels provide homeowners with reliable, high-performing solar systems."

To read the entire report visit: http://www.stockpreacher.com/n/AKNS

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