Shortly after my previous post in this forum, I picked up WWAT after doing some research. Although, I admit to having not enough knowledge as an investor. I utilize "expert" recommendations. It's earned me a nice Steak Dinner so far.
Check out WWAT and telll me what you think. It has risen incredibly over the last month... more incredibly over the last year BUT!!
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WorldWater & Solar Technologies Corporation is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's electricity and water supply problems. For more information about WorldWater & Solar Technologies Corp., visit the website at http://www.worldwater.com.
WWAT
Moderator: Jesus H Christ
Ive made a few bucks trading WWAT. Currently Im a bit in the hole however. I thought it would retest the $2.50 range so I bought at about 1.80.Of course after I bought it droped.
Now is not the time to get in. I believe that they are holding there annual shareholders meeting in early Oct,where the topic of creating more shares,reverse splits...something or other that has the potential to screw up the price of the stock will be discussed in order to aquire more financing.
They did anounce a potential big deal in Spain....lots of potential but nothing in final writing fromthe way I understand it.I wouldnt be surprised to see the pps go back to the $1 range in the next couple of months.
Now is not the time to get in. I believe that they are holding there annual shareholders meeting in early Oct,where the topic of creating more shares,reverse splits...something or other that has the potential to screw up the price of the stock will be discussed in order to aquire more financing.
They did anounce a potential big deal in Spain....lots of potential but nothing in final writing fromthe way I understand it.I wouldnt be surprised to see the pps go back to the $1 range in the next couple of months.
Some good guidance here on what the potential revenues for wwat could be next year.CEO speech given before congressWatch for news on Spain...price will surely rocket to $2.50 and beyond. Im in a little higher then I like at 1.80....
Closed up another 4.5% at 1.925 on Friday and today there is news...should open above 2...
Press Release Source: WorldWater & Solar Technologies Corp.
WorldWater & Solar Technologies Corp. to Build 2 Megawatt Solar System at Denver International Airport
Monday October 1, 7:33 am ET
Solar Project for Nation's Fifth Busiest Airport to Start Immediately -- Scheduled Completion in 2008
PENNINGTON, N.J.--(BUSINESS WIRE)--WorldWater & Solar Technologies Corp. (OTCBB:WWAT.OB - News), developer and marketer of proprietary high-power solar systems, today announced it will engineer and construct a 2 Megawatt solar system at Denver International Airport (DIA). MMA Renewable Ventures LLC, a subsidiary of Municipal Mortgage & Equity (NYSE:MMA - News) will finance the installation through a Power Purchase Agreement (PPA). WorldWater will begin construction of the project immediately for completion in 2008. MMA Renewable Ventures will own and operate the system under a long-term PPA contract.
Source: WorldWater & Solar Technologies Corp.
· A Digital Rendering of the Planned 2 Megawatt Solar Installation by WorldWater & Solar Technologies Corp. at Denver International Airport (Photo: Business Wire). View Multimedia Gallery
Operated by the City and County of Denver, DIA is the fifth busiest international airport in the U.S. and served nearly 50 million passengers in 2006. WorldWater's photovoltaic system of ground mounted tracking solar arrays will be located at the entrance to the main terminal. It is expected to generate 3.5 million kilowatt-hours (kWh) of clean electricity annually. In addition to reducing DIA's electric costs, the solar initiative supports Denver's commitment to environmental sustainability. Annually, the array will avoid pumping over five million pounds of carbon emissions into the atmosphere.
"DIA has a long-standing commitment to sustainable operations and environmental protection. This solar energy system will provide cleaner air and reduce greenhouse gas emissions in the city and county of Denver and serve as a highly visible environmental statement to the millions of passengers that travel through our airport each month," said Turner West, aviation manager for Denver International Airport.
"Denver International Airport is the fifth busiest international airport in the nation and a leader in sustainability as the only airport to be accepted into the Environmental Protection Agency's National Performance Track Program," said Denver Mayor John Hickenlooper. "Thanks to MMA Renewable Ventures and WorldWater & Solar Technologies, DIA will soon have one of the country's largest airport solar systems, marking the first of many alternative energy innovations expected under Greenprint Denver, our action agenda for sustainable practices. DIA is a shining example of how we can embrace sustainable development as an operating principle while maintaining a successful, profitable business, breaking records for passenger traffic and earning high customer satisfaction ratings."
Quentin T. Kelly, Chairman and CEO of WorldWater commented, "We are delighted that such a major metropolitan airport as Denver International has embarked on a solar energy system that is as impressive in size and scope as this 2-Megawatt installation and we are looking forward to helping Denver achieve that worthy target. With our recent contract and start of construction of a solar system at the Fresno Yosemite International Airport, WorldWater has become the leading solar contractor of airports in America. Our expertise in solar energy generation and integrated systems design makes us well suited to address the complex power needs of a major transportation hub like Denver International, significantly reducing electric costs and helping improve air quality at the airport."
"By purchasing clean power rather than solar panels, DIA will benefit from a renewable energy system that is cost-effective from the day it becomes operational and for years to come," said Matt Cheney, CEO of MMA Renewable Ventures. "Our collaborative effort with DIA serves as an example of how successful public-private partnership can help municipal facilities make the most of the tax credits and other incentives available for solar energy."
The project is part of the Xcel Energy Solar*Rewards program and will receive a rebate to offset the upfront construction costs. Xcel Energy will purchase the renewable energy credits from the solar energy produced in support of Colorado's Renewable Energy Standard, which requires large utilities to generate 20 percent of their power from renewable energy sources by 2020. With the City of Denver, Xcel Energy will develop an educational display for DIA's main terminal to explain the benefits of solar energy.
Press Release Source: WorldWater & Solar Technologies Corp.
WorldWater & Solar Technologies Corp. to Build 2 Megawatt Solar System at Denver International Airport
Monday October 1, 7:33 am ET
Solar Project for Nation's Fifth Busiest Airport to Start Immediately -- Scheduled Completion in 2008
PENNINGTON, N.J.--(BUSINESS WIRE)--WorldWater & Solar Technologies Corp. (OTCBB:WWAT.OB - News), developer and marketer of proprietary high-power solar systems, today announced it will engineer and construct a 2 Megawatt solar system at Denver International Airport (DIA). MMA Renewable Ventures LLC, a subsidiary of Municipal Mortgage & Equity (NYSE:MMA - News) will finance the installation through a Power Purchase Agreement (PPA). WorldWater will begin construction of the project immediately for completion in 2008. MMA Renewable Ventures will own and operate the system under a long-term PPA contract.
Source: WorldWater & Solar Technologies Corp.
· A Digital Rendering of the Planned 2 Megawatt Solar Installation by WorldWater & Solar Technologies Corp. at Denver International Airport (Photo: Business Wire). View Multimedia Gallery
Operated by the City and County of Denver, DIA is the fifth busiest international airport in the U.S. and served nearly 50 million passengers in 2006. WorldWater's photovoltaic system of ground mounted tracking solar arrays will be located at the entrance to the main terminal. It is expected to generate 3.5 million kilowatt-hours (kWh) of clean electricity annually. In addition to reducing DIA's electric costs, the solar initiative supports Denver's commitment to environmental sustainability. Annually, the array will avoid pumping over five million pounds of carbon emissions into the atmosphere.
"DIA has a long-standing commitment to sustainable operations and environmental protection. This solar energy system will provide cleaner air and reduce greenhouse gas emissions in the city and county of Denver and serve as a highly visible environmental statement to the millions of passengers that travel through our airport each month," said Turner West, aviation manager for Denver International Airport.
"Denver International Airport is the fifth busiest international airport in the nation and a leader in sustainability as the only airport to be accepted into the Environmental Protection Agency's National Performance Track Program," said Denver Mayor John Hickenlooper. "Thanks to MMA Renewable Ventures and WorldWater & Solar Technologies, DIA will soon have one of the country's largest airport solar systems, marking the first of many alternative energy innovations expected under Greenprint Denver, our action agenda for sustainable practices. DIA is a shining example of how we can embrace sustainable development as an operating principle while maintaining a successful, profitable business, breaking records for passenger traffic and earning high customer satisfaction ratings."
Quentin T. Kelly, Chairman and CEO of WorldWater commented, "We are delighted that such a major metropolitan airport as Denver International has embarked on a solar energy system that is as impressive in size and scope as this 2-Megawatt installation and we are looking forward to helping Denver achieve that worthy target. With our recent contract and start of construction of a solar system at the Fresno Yosemite International Airport, WorldWater has become the leading solar contractor of airports in America. Our expertise in solar energy generation and integrated systems design makes us well suited to address the complex power needs of a major transportation hub like Denver International, significantly reducing electric costs and helping improve air quality at the airport."
"By purchasing clean power rather than solar panels, DIA will benefit from a renewable energy system that is cost-effective from the day it becomes operational and for years to come," said Matt Cheney, CEO of MMA Renewable Ventures. "Our collaborative effort with DIA serves as an example of how successful public-private partnership can help municipal facilities make the most of the tax credits and other incentives available for solar energy."
The project is part of the Xcel Energy Solar*Rewards program and will receive a rebate to offset the upfront construction costs. Xcel Energy will purchase the renewable energy credits from the solar energy produced in support of Colorado's Renewable Energy Standard, which requires large utilities to generate 20 percent of their power from renewable energy sources by 2020. With the City of Denver, Xcel Energy will develop an educational display for DIA's main terminal to explain the benefits of solar energy.
Well,got what I was waiting for. Price up this morning 10% to 2.23 and still creeping north.Still holding my shares.
Press Release Source: WorldWater & Solar Technologies Corp.
WorldWater & Solar Technologies Corp. Signs Full Merger Agreement with ENTECH, Inc.
Monday October 29, 3:01 am ET
Construction of 50-MegaWatt Plant to Begin Immediately for Spanish Projects
EWING, N.J.--(BUSINESS WIRE)--WorldWater & Solar Technologies Corp. (WWAT), developer and marketer of proprietary high-power solar systems, and ENTECH, Inc. of Keller, Texas, a high- tech supplier of solar technology to NASA for space operations, announced today the execution of an Agreement and Plan of Merger pursuant to which ENTECH will merge with and into a wholly-owned subsidiary of WorldWater. Under the terms of the Agreement and Plan of Merger, WorldWater will pay the following consideration to ENTECH stockholders:
$5 million in cash;
Shares of common stock of WorldWater based on a formula which, assuming a $2.00 per share price of our common stock, would result in issuance to ENTECH stockholders of common stock valued at approximately $39,300,000; and
Earn-out consideration calculated as 5% of WorldWater’s gross revenues determined in accordance with generally accepted accounting principles which will be paid until the accumulated total of such earn-out payments to the ENTECH stockholders equals $5,000,000.
In addition to the consideration to be paid to ENTECH’s stockholders, WorldWater will pay $1.3 million of ENTECH’s liabilities at closing and provide $5 million of working capital to commence the manufacture of the ENTECH 20x concentrator systems for a 50 MegaWatt plant in Spain. As a result of this transaction, it is anticipated that ENTECH’s current stockholders will own approximately 6.6% of the fully-diluted post-transaction common stock of WorldWater upon completion of the merger, which is conditioned upon obtaining the requisite stockholder approval to increase WWAT authorized common stock.
As a WorldWater subsidiary, ENTECH will maintain its identity, location, and business operations in both terrestrial and space solar energy. The Company anticipates that ENTECH will continue to perform its contract work for NASA, the U.S. Department of Defense, and other customers, as well as its internal R&D programs.
Starting immediately, the company will begin construction of a 50 MegaWatt plant in Spain, which is expected to be in full production of the ENTECH 20x concentrator solar systems beginning in the second quarter of 2008. WorldWater has signed a Letter of Intent with the Spanish firm M & G Promociones for installation of ENTECH systems for 10 MW in 2008, 10 MW in 2009, 10 MW in 2010 and 50 MW in each of 2011 and 2012. WorldWater also has signed an agreement with Prime Solar Senergy S.L. of Madrid and Barcelona to represent the company in obtaining further business in the burgeoning Spanish solar market.
“This complex merger has taken considerable time since we signed the original Letter of Intent in July 2006, and I appreciate the patience of our shareholders and employees, but we firmly believe that the transaction will prove to be a pivotal point in our company’s history. Together, we expect to become one of the lowest cost providers of solar energy in the world,” said Quentin T. Kelly, Chairman and CEO of WorldWater & Solar Technologies. “This year, we’ve seen explosive interest and tremendous growth opportunities in large solar installations, particularly in places like Spain and the Southwestern United States, and we are now in a position to take the lead in providing multi-megawatts of electricity for major projects.”
Dr. Walter Hesse, CEO of ENTECH, commented, “With the combined technologies of WorldWater and ENTECH, our solar systems will be capable of generating and delivering electrical and thermal energy on site to our customers at prices that are competitive with retail electric levels. ENTECH’s 20x patented concentrator technology combined with WorldWater’s proprietary control devices allow for the installation of large solar ‘farms’ with greatly reduced requirements for solar cell materials, and decreased reliance on rebates or other incentives for the funding of economically competitive installations.”
Press Release Source: WorldWater & Solar Technologies Corp.
WorldWater & Solar Technologies Corp. Signs Full Merger Agreement with ENTECH, Inc.
Monday October 29, 3:01 am ET
Construction of 50-MegaWatt Plant to Begin Immediately for Spanish Projects
EWING, N.J.--(BUSINESS WIRE)--WorldWater & Solar Technologies Corp. (WWAT), developer and marketer of proprietary high-power solar systems, and ENTECH, Inc. of Keller, Texas, a high- tech supplier of solar technology to NASA for space operations, announced today the execution of an Agreement and Plan of Merger pursuant to which ENTECH will merge with and into a wholly-owned subsidiary of WorldWater. Under the terms of the Agreement and Plan of Merger, WorldWater will pay the following consideration to ENTECH stockholders:
$5 million in cash;
Shares of common stock of WorldWater based on a formula which, assuming a $2.00 per share price of our common stock, would result in issuance to ENTECH stockholders of common stock valued at approximately $39,300,000; and
Earn-out consideration calculated as 5% of WorldWater’s gross revenues determined in accordance with generally accepted accounting principles which will be paid until the accumulated total of such earn-out payments to the ENTECH stockholders equals $5,000,000.
In addition to the consideration to be paid to ENTECH’s stockholders, WorldWater will pay $1.3 million of ENTECH’s liabilities at closing and provide $5 million of working capital to commence the manufacture of the ENTECH 20x concentrator systems for a 50 MegaWatt plant in Spain. As a result of this transaction, it is anticipated that ENTECH’s current stockholders will own approximately 6.6% of the fully-diluted post-transaction common stock of WorldWater upon completion of the merger, which is conditioned upon obtaining the requisite stockholder approval to increase WWAT authorized common stock.
As a WorldWater subsidiary, ENTECH will maintain its identity, location, and business operations in both terrestrial and space solar energy. The Company anticipates that ENTECH will continue to perform its contract work for NASA, the U.S. Department of Defense, and other customers, as well as its internal R&D programs.
Starting immediately, the company will begin construction of a 50 MegaWatt plant in Spain, which is expected to be in full production of the ENTECH 20x concentrator solar systems beginning in the second quarter of 2008. WorldWater has signed a Letter of Intent with the Spanish firm M & G Promociones for installation of ENTECH systems for 10 MW in 2008, 10 MW in 2009, 10 MW in 2010 and 50 MW in each of 2011 and 2012. WorldWater also has signed an agreement with Prime Solar Senergy S.L. of Madrid and Barcelona to represent the company in obtaining further business in the burgeoning Spanish solar market.
“This complex merger has taken considerable time since we signed the original Letter of Intent in July 2006, and I appreciate the patience of our shareholders and employees, but we firmly believe that the transaction will prove to be a pivotal point in our company’s history. Together, we expect to become one of the lowest cost providers of solar energy in the world,” said Quentin T. Kelly, Chairman and CEO of WorldWater & Solar Technologies. “This year, we’ve seen explosive interest and tremendous growth opportunities in large solar installations, particularly in places like Spain and the Southwestern United States, and we are now in a position to take the lead in providing multi-megawatts of electricity for major projects.”
Dr. Walter Hesse, CEO of ENTECH, commented, “With the combined technologies of WorldWater and ENTECH, our solar systems will be capable of generating and delivering electrical and thermal energy on site to our customers at prices that are competitive with retail electric levels. ENTECH’s 20x patented concentrator technology combined with WorldWater’s proprietary control devices allow for the installation of large solar ‘farms’ with greatly reduced requirements for solar cell materials, and decreased reliance on rebates or other incentives for the funding of economically competitive installations.”
Me too,good times indeed. I didnt sell any yesterday,I figured it would have a late day recovery and top the 2.35 open. Didnt happen but today was a nice recovery. Still holding. Might have to take some profit. Take it day by day.
The next move on price should come when they move from LOI,letter of intent, on Spain deal to a full signed contract.Hopefully soon.Id hate to see the price drop too much before that.
The next move on price should come when they move from LOI,letter of intent, on Spain deal to a full signed contract.Hopefully soon.Id hate to see the price drop too much before that.
I am holding onto WWAT. If it hits $2.50 soon, I will take a profit. If it falls under $2.10, I am automatically selling and making a nice profit but I am watching this and it seems like a winner.
http://biz.yahoo.com/e/071102/wwat.ob10-q_a.html
It looks like a good small company in a potentially great market. As Oil prices rise, we have to seek out alternative energy sources. The industry is doing well (check SunPower -SPWR) over the last 3 months.
http://www.worldwater.com/
http://biz.yahoo.com/e/071102/wwat.ob10-q_a.html
It looks like a good small company in a potentially great market. As Oil prices rise, we have to seek out alternative energy sources. The industry is doing well (check SunPower -SPWR) over the last 3 months.
http://www.worldwater.com/
Re: WWAT
Well its been a while, I think I jumped out of wwat at around 2.18 last fall and havent been back since, till yesterday. Stock had been dancing between 1.70 and 2 for a while till it broke support at 1.70 two days ago. I decided to try a bounce play and waited for it to drop to and come off the 200 day ma and got in at 1.54. Closed at 1.62. My target price is the previous support area of 1.71 for a 10% gain. My stop loss is at 1.47, right below yesterdays low of 1.49 for 5% loss.
Some recent news of a letter of intent for Italy project: http://biz.yahoo.com/bw/071219/20071219005248.html?.v=1
Some recent news of a letter of intent for Italy project: http://biz.yahoo.com/bw/071219/20071219005248.html?.v=1
Bad spelling is a diversionary tactic
Re: WWAT
Another shitty stock for me. The hype about Spain deals and Italy deals never came through. Letters of intent suck! New management said as much when they took over. Now they have entech partnership but are still dealing with past managements underbidding jobs. Press releases read, "yea its going great but we're loosing our ass".
Another stock I couldnt see the writing on the wall with in my beginner trader haze. Can you say bagholder? I should get my money back in a couple years.
Another stock I couldnt see the writing on the wall with in my beginner trader haze. Can you say bagholder? I should get my money back in a couple years.
Bad spelling is a diversionary tactic
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KC Scott
Re: WWAT
A lot of these penny stocks have incredible "stories" that end up being bullshit.
I found out the hard way and bought into a company about 5 years ago that was going to do big water contracts in china.
They ran that stock up from .7 to 2.20 and that's when they all jumped ship.
It was an expensive lesson to learn, but have never bought a pink sheet or OTC stock since
I found out the hard way and bought into a company about 5 years ago that was going to do big water contracts in china.
They ran that stock up from .7 to 2.20 and that's when they all jumped ship.
It was an expensive lesson to learn, but have never bought a pink sheet or OTC stock since