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Outstanding Q2 for Spire CorpSpire Corporation, a developer of solar energy manufacturing equipment, has just posted Q2 sales, 73% up on the 2nd quarter 1 year ago. And the stock at the time of posting has risen 40% accordingly. Spire said what had lifted results in the quarter were sales of solar equipment and solar systems - including the sale of two photovoltaic module assembly lines and a major solar installation in the Chicago area - as well as a sale of a licence to the company's solar technology. There are many solar companies competing to make solar modules with one another, particularly in Germany. There are though far fewer making solar cells. And there are fewer still - like Spire Corp - who know how to make solar energy manufacturing equipment. It looks like a great niche in a growing market. 1 CommentsLeave a comment |
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You need to dig a little deeper into those Spire numbers Dan. I'm a proponent of AE. But I am not a proponent of fraud, and Spire is dancing close to the edge.
The increase in revenues was due to sales of licenses only. One was a catheter license. The other was a sale of their franchise to a Japanese company.