This week, stock price of Solar Power Inc (OTC:SOPW
, SOPW message board
) did not attract much attention until yesterday when it suddenly jumped
up. Just for the day, SOPW soared 7.80% and managed to trade over 397 thousand shares on the market.
The most reasonable explanation on the massive trade turns out to be the latest announcement by the company. On Wednesday, Solar Power reported record Q4 results after landing its large-scale projects.
The company's satisfaction with the results has certainly impressed investors and SOPW stock price grabbed the climb at once. Now, it is interesting how long it will resist.
Solar Power, Inc. engages in designing, manufacturing, integrating, installing and selling photovoltaic panels or modules, and balance of system components for commercial and residential customers primarily in the US. Apart from the positive report, no other updates on Solar have been released lately. Though, the company was to host a conference on its financials a couple of days ago.
What is more interesting about SOPW is the fact that along with the press release on the company's results, a notification of late filing was filed with the SEC to declare that, "The registrant is not in a position where it will be able to file its Annual Report on Form 10-K for the year ended December 31, 2011 in a timely manner."
Apparently, traders have to rely only on the company's PR until they get the chance to see its 10-K report fully completed.