Westinghouse Solar, Inc. (WEST) - Financial and Strategic SWOT Analysis Review by GlobalData

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Westinghouse Solar, Inc. (Westinghouse Solar) formerly, Akeena Solar, Inc. is a manufacturer of integrated solar panels in the US. The company focuses on the design, installation, marketing, sale and integration of solar power systems for residential and small commercial customers. It also designs solar panels with integrated microinverters. The company sells its AC solar panels to solar installers, do-it-yourself customers and trade workers in the US and Canada through its dealer network, distribution partnerships, and retail home improvement outlets. Westinghouse Solar is headquartered in Campbell, California, the US.


The company under its growth strategy developes and commercialize its solar panel technology for the residential and commercial markets. It focuses on improving the aesthetics and performance of solar systems compared to ordinary, commercially available solar equipment.

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									               Westinghouse Solar, Inc. (WEST) - Financial and Strategic SWOT
                                      Analysis Review
        Reference Code: GDAE12549FSA                                                                                           Publication Date: AUG 2012

          1475 South Bascom Ave., Suite 101               Phone             +1 888 3952248                          Revenue         11.4 (million USD)
          Campbell, CA                                    Fax               +1 408 3957979                          Net Profit      -4.63 (million USD)
          95008                                           Website           www.westinghousesolar.com               Employees       27
          United States                                   Exchange          WEST [NASDAQ]                           Industry        Alternative Energy

       Company Overview
       Westinghouse Solar, Inc. (Westinghouse Solar) formerly, Akeena Solar, Inc. is a manufacturer of integrated solar panels in the
       US. The company focuses on the design, installation, marketing, sale and integration of solar power systems for residential and
       small commercial customers. It also designs solar panels with integrated microinverters. The company sells its AC solar panels to
       solar installers, do-it-yourself customers and trade workers in the US and Canada through its dealer network, distribution
       partnerships, and retail home improvement outlets.
       Key Executives                                                                SWOT Analysis
                      Name                                 Title                      Westinghouse Solar, Inc., SWOT Analysis
         Jon Mathew Witkin                   Director                                 Strengths                            Weaknesses
         Edward Roffman                      Director
                                                                                      Proprietary Solar Module             Limited Number of Suppliers
         Edward Bernstein                    Director                                 Technology
                                                                                                                           Limited Value Chain Presence
         Gary Effren                         Director
                                                                                      Intellectual Property Portfolio
         Ron Kenedi                          Director
        Source: Annual Report, Company Website, Primary and Secondary
        Research, GlobalData                                                          Opportunities                        Threats

       Share Data                                                                     Strategic Alliances                  Shortage in the Supply of Raw
         Westinghouse Solar, Inc.                                                                                          Materials
                                                                                      Rising Demand for Renewable
        Share Price (USD) as on 03-Aug-                                  0.30         Energy                      High Dependency on
        2012                                                                                                      Government Incentives
        EPS (USD)                                                       -0.45
        Market Cap (million USD)                                            7        Source: Annual Report, Company Website, Primary and Secondary Research,
                                                                                     GlobalData
        Enterprise Value (million USD)                                      7
        Shares Outstanding (million)                                       19
       Source: Annual Report, Company Website, Primary and Secondary
       Research, GlobalData

       Financial Performance                                                         Recent Developments
                                                                                      Jul 17, 2012         Westinghouse Solar Selected As Exclusive
                                                                                                           Supplier Of Solar Power Systems By Comtec
                                                                                                           Distributing
                                                                                      Jul 10, 2012         CBD Energy Wins Solar PV Installation
                                                                                                           Contract In US
                                                                                      Jun 21, 2012         Westinghouse Solar            Receives    Continued
                                                                                                           Listing On NASDAQ
                                                                                      Jun 18, 2012         Westinghouse Solar And CBD Energy Receive
                                                                                                           5 MW Order From Harvey Norman
       Source: Annual Report, Company Website, Primary and Secondary
                                                                                                           Commercial Division
       Research, GlobalData                                                          Source: Annual Report, Company Website, Primary and Secondary Research,
                                                                                     GlobalData




Westinghouse Solar, Inc. (WEST) - Financial and Strategic SWOT                                                                   Reference Code: GDAE12549FSA
Analysis Review
Source : www.globalcompanyintelligence.com                                                                                                                     Page 1
© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form
       Table of Contents
       Table of Contents ............................................................................................................................................................................... 2
          List of Tables .................................................................................................................................................................................. 4
          List of Figures ................................................................................................................................................................................. 4
       Section 1 - About the Company.......................................................................................................................................................... 5
       Westinghouse Solar, Inc. - Key Facts ................................................................................................................................................ 5
       Westinghouse Solar, Inc. - Key Employees........................................................................................................................................ 6
       Westinghouse Solar, Inc. - Key Employee Biographies ..................................................................................................................... 7
       Westinghouse Solar, Inc. - Major Products and Services ................................................................................................................... 8
       Westinghouse Solar, Inc. - History ..................................................................................................................................................... 9
       Westinghouse Solar, Inc. - Company Statement .............................................................................................................................. 10
       Westinghouse Solar, Inc. - Locations And Subsidiaries ................................................................................................................... 11
          Head Office ................................................................................................................................................................................... 11
          Other Locations & Subsidiaries ..................................................................................................................................................... 11
       Section 2 – Company Analysis ......................................................................................................................................................... 12
       Westinghouse Solar, Inc. - Business Description ............................................................................................................................. 12
       Westinghouse Solar, Inc. - Corporate Strategy ................................................................................................................................ 13
       Westinghouse Solar, Inc. - SWOT Analysis ..................................................................................................................................... 14
          SWOT Analysis - Overview........................................................................................................................................................... 14
          Westinghouse Solar, Inc. - Strengths............................................................................................................................................ 14
             Strength - Proprietary Solar Module Technology ...................................................................................................................... 14
             Strength - Intellectual Property Portfolio .................................................................................................................................... 14
             Strength - Increased Efficiency ................................................................................................................................................. 14
          Westinghouse Solar, Inc. - Weaknesses ...................................................................................................................................... 14
             Weakness - Limited Number of Suppliers ................................................................................................................................. 14
             Weakness - Limited Value Chain Presence .............................................................................................................................. 14
          Westinghouse Solar, Inc. - Opportunities...................................................................................................................................... 15
             Opportunity - Strategic Alliances ............................................................................................................................................... 15
             Opportunity - Rising Demand for Renewable Energy ................................................................................................................ 15
             Opportunity - Merger Agreement ............................................................................................................................................... 15
          Westinghouse Solar, Inc. - Threats ............................................................................................................................................... 15
             Threat - Shortage in the Supply of Raw Materials ..................................................................................................................... 15
             Threat - High Dependency on Government Incentives.............................................................................................................. 15
             Threat - Competitive Pricing of Other Sources of Energy.......................................................................................................... 16
       Westinghouse Solar, Inc. - Key Competitors .................................................................................................................................... 17
       Section 3 – Company Financial Ratios ............................................................................................................................................. 18
       Financial Ratios - Capital Market Ratios........................................................................................................................................... 18
       Financial Ratios - Annual Ratios ...................................................................................................................................................... 18
       Performance Chart ........................................................................................................................................................................... 20
       Financial Performance...................................................................................................................................................................... 20
       Financial Ratios - Interim Ratios....................................................................................................................................................... 21
       Financial Ratios - Ratio Charts ......................................................................................................................................................... 22
       Section 4 – Company’s Power Financial Deals and Alliances .......................................................................................................... 23
          Westinghouse Solar, Inc., Power, Deals By Year, 2006 to YTD 2012 .......................................................................................... 23
          Westinghouse Solar, Inc., Power, Deals By Type, 2006 to YTD 2012 .......................................................................................... 24
       Westinghouse Solar, Inc., Recent Deals Summary .......................................................................................................................... 25


Westinghouse Solar, Inc. (WEST) - Financial and Strategic SWOT                                                                                                 Reference Code: GDAE12549FSA
Analysis Review
Source : www.globalcompanyintelligence.com                                                                                                                                                                Page 2
© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form
       Section 5 – Company’s Recent Developments ................................................................................................................................ 26
          Westinghouse Solar, Inc., Recent Developments ......................................................................................................................... 26
             Jul 17, 2012: Westinghouse Solar Selected As Exclusive Supplier Of Solar Power Systems By Comtec Distributing ............. 26
             Jul 10, 2012: CBD Energy Wins Solar PV Installation Contract In US ...................................................................................... 26
             Jun 21, 2012: Westinghouse Solar Receives Continued Listing On NASDAQ ......................................................................... 26
             Jun 18, 2012: Westinghouse Solar And CBD Energy Receive 5 MW Order From Harvey Norman Commercial Division ........ 27
             Jun 05, 2012: Westinghouse Solar And CBD Energy To Distribute Systems In Australia......................................................... 27
             May 31, 2012: Zep Solar And Westinghouse Solar Settle Dispute Over Patents.................
								
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