Akeena Solar's (AKNS) shares should benefit from top line growth of its solar power system integration business, driven by increasing exposure in key markets and additional acquisitions, Merriman Curhan Ford & Co. says; starts AKNS at buy.
Firm says AKNS is positioned to generate high margin recurring revenue through licensing of its Andalay solar panel racking system, which could expand gross margins beyond average integration margins of 20% and lower solar power installation costs; adds US expansion could allow AKNS to double its revenue in FY08.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment