Xantrex Technology (TSX:XTX) engages in the design, manufacture and marketing of advanced power electronic products, which convert electrical energy from solar panels and wind turbines, power batteries or the electricity grid into usable power: Xantrex produces products that invert power from direct to alternating current.
Revenue for the first quarter ended March 31, 2008 was $62.0 million, up an impressive 55% from $39.9 million for the first quarter ended March 31, 2007. Net income for the first quarter 2008 was $541 thousand, compared to a $108 thousand net loss for the first quarter of 2007. Revenues for the entire year 2007 totaled $234.2 million.
In June 2008 Xantrex opened an office in Germany, which is a significant solar energy market. The Company also conducts business in other European countries and is looking to expand their operations overseas.
The solar market is huge and there are many different ways to participate in this growing market; one is by investing in Xantrex Technology which produces products used by solar energy companies that enable them to convert solar energy into usable power.
Xantrex Technology is selling for only one times revenues at $8.49 as of the close of July 15th. Xantrex is an inexpensive stock in a high growth sector. The Company has proven products in an important and rapidly expanding alternative energy industry. The stock has good upside potential in this hot sector.
References:
http://www.xantrex.com/reports.asp
Company Annual Report for 2007
Company Report for First Quarter 2008
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100 pilas de la referencia NP-FH70
100 pilas de la referencia NP-FH100