While it is true that there has been no news about Mass Megawatts Wind Power, Inc. (OTC:MMMW) for quite a while it should be noted that it may be an interesting proposition for many investors and hence, it could be a good idea to take a closer look. As it happens, the company made a major new announcement back on October 31 and it may be of interest to investors.
The stock closed up by 9.16% on Monday and traded above the 20-Day MA.
The company announced that its patent-pending solar tracker technology-powered solar projects were going to be financially self-sustaining in many of the locations in the next three to five years. The projects in question are located in Connecticut, Massachusetts, and New York. In addition to that, it was also noted by the Mass Megawatts that both the solar tracker as well as non-solar tracker equipment bear twenty-year manufacturer guarantee from suppliers of considerable repute.
Most of the expensive and big-ticket items like tracker motors, solar panels, and inverters are all supported by major suppliers. On the other hand, Mass Megawatts also went into a partnership not too long ago for the purpose of financing and installing lower-cost solar projects in as many as 19 states in the United States.
However, that was not all. The company had also announced at the same time that it had been successful in boosting its solar power output by as much as 20%. That was another significant announcement and one that is expected to be a source of optimism for investors.