Stock price of Juhl Wind, Inc. (OTC:JUHL)
remained frozen these days. After a 15.38% gain last Friday, the stock closed the
week at $0.75 per share, while its traded volume rose up.
Though, the situation might look different today, especially when JUHL gets supported by promotions and hot news.
Yesterday, Juhl Wind announced record revenue and earnings results for fiscal year 2011, which certainly will attract investors' attention. Along with the positive announcement, JUHL got promoted yesterday to additionally pump up its chart position.
Based on the company's actions, JUHL is supposed to jump up today, however, this can hardly be guaranteed.
Juhl Wind engages in Community Based Wind Power development and management, focused on wind farm projects throughout the US and Canada. As of December, 2011 the company's cash did increase significantly, though both its liabilities and its long-term liabilities were not covered. Besides, the accumulated deficit of JUHL totaled over $14 million.
JUHL, as a holding company, does not directly operate or have any ownership in any revenue-producing generation facilities. Thus, it has no material assets other than the stock of its subsidiaries and depends upon transfers of funds from its subsidiaries to meet its obligations.
Based on the company's anticipated level of revenues, its management believes that funds generated from existing contractual agreements, together with existing cash resources, will be sufficient to finance their operations and planned capital expenditures through the next 24 months. In the meantime, they will seek to obtain additional sources of recurring revenue. However, the team cannot assure that their actions will be successful.