* Q4 rev growth seen at over 50 pct QoQ
* Says adding new dealers across country
Dec 15 Solar power systems maker Akeena Solar
WEST.O raised its fourth-quarter revenue growth forecast to
more than 50 percent sequentially, citing the pace of sales.
The company, whose third-quarter revenue stood at $2.1
million, had earlier forecast revenue to grow 40-50 percent
Akeena, which operates under the trade name Westinghouse
Solar, said it continues to add new dealers in California as
well as in the rest of the country.
The company had said in early September it would exit the
photovoltaic (PV) solar installation business in California to
concentrate on selling its solar modules in the United States'
biggest market. [ID:nN1063193]
"We are seeing positive signs that distribution business
should prove to be as scalable as we anticipated when we made
the decision to exit the installation business," Akeena Chief
Executive Barry Cinnamon said in a statement.
Akeena shares, which have lost about half their value in
the last three months, closed at 39 cents on Tuesday on
(Reporting by Krishna N Das in Bangalore; Editing by Joyjeet