posted
I've been tracking this stock for some time now, with limited responses to a prior post. However, a new agency has issued a speculative buy rating on Barnabus Energy. It reads as follows.
"NEW YORK--(BUSINESS WIRE)--Jan. 23, 2006--(Investrend Research Syndicate) Barnabus Energy Inc. (OTCBB: BBSE - News) has been rated "Speculative Buy" with a price target of $3.57 by Investrend Research affiliate Beacon Equity Research. The report is authored by Senior Research Analyst, Shailesh Dhuri."
"In the report Mr. Dhuri writes, "Barnabus Energy recently made a strategic change in its focus and is presently exploring opportunities in the solar energy sector through strategic acquisitions and technology licenses in order to serve lucrative markets in the US and abroad. To the Company's advantage, the much awaited California Solar Initiative (CSI) program received approval from the California Public Utilities Commission (CPUC). The approval commits a combined $3.2 billion in incentive funds to drive consumers toward solar power over the next 11 years.
Barnabus' Suncone solar concentrating technology is projected to be significantly less expensive than competitive solar trough or dish technologies currently used today. The cost to produce a 50 square meter Suncone unit is $6,900, or $139 per square meter. Presently, trough collectors (which are not as efficient as Suncone collectors) cost about $250 per square meter, and dish collectors about $400 per square meter. The lower power cost should spur rapid adoption of the technology and generate significant revenues for the Company."
If anyone has some input regarding this stock please share. I think this one could be huge. Posts: 15 | Registered: Mar 2005
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Barnabus Energy Increases Production Capacity:
SOLANA BEACH, CA--(MARKET WIRE)--Feb 1, 2006 -- Barnabus Energy, Inc. (OTC BB:BBSE.OB - News) today announced that Solar Roofing Systems, a division of the Company, has commenced to increase the production capacity of its Aurora manufacturing facility in response to significant market demand for the SolarSave building integrated photovoltaic (BIPV) solar roofing modules.
As part of the capacity increase, SRS is in the process of automating the stringing and bussing of the solar photovoltaic cells, and has started the construction of additional custom designed laminators. This expansion will more than double the division's manufacturing capacity to over 50 million dollars per year in deliverable product.
SRS president Norman Dodd stated, "This is a very exciting time for us. The timely injection of capital from Barnabus Energy has enabled us to expand our manufacturing capacity in response to the strong market demand for our product. Our sales pipeline report now indicates an order potential of 16 million dollars for 2006... a very solid start considering we have not even begun to advertise our product."
Posts: 15 | Registered: Mar 2005
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up .04 today... I am watching this one pretty close. In the next week or so there might be some good news. These guys seem to be on the ball and thinking of a bright future... sorry about the pun. Posts: 38 | From: Florida | Registered: Dec 2005
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Another press release. Looks like this company is really committed to growth and change. I'm really excited about this one. Seems like I can't stop talking about it. lol
Posts: 15 | Registered: Mar 2005
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posted
They are changing their name to Open Energy Co. which I think is a change for the better. Their current name, to me anyway, is too much like Barnum and Bailey.
They are also proposing to issue preferred stock. I'm not too sure how that will affect the performance of common stock though.
Posts: 38 | From: Florida | Registered: Dec 2005
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posted
*Listening to the interview with the Wall Street Reporter is a must. Very insightful information on the company and where the CEO thinks they are headed. Let me know what you think after you listen.*
The Company also wishes to announce the expansion of its national distribution network, which now includes Sun First of Marin County and Permacity Solar of Los Angeles, California, as well as DRI Commercial based in St. Louis, and NJ Solar Power based in New Jersey. Howard Gomes, VP of Sales, stated, "We have assembled a very strong network of professional solar integrators who are already selling our products into large commercial and residential projects. We are gratified by their involvement and support and look forward to servicing them and supplying their orders."
Lastly, the Company recommends that interested parties may wish to listen to an interview with Company President and CEO, David Saltman, profiled February 13th on the Wall Street Reporter website located at: http://www.******************.com/linked.php?id=16071Posts: 15 | Registered: Mar 2005
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