Thursday, December 10, 2009

Lowe's selling Akeena solar panels, Stock up 52% (AKNS; LOW)

UPDATE: Environmental Capital has some thoughts: "Renewable Retail: Buying Solar Panels Along With Screwdrivers"
Original post:
AKNS is trading at $1.51, up 52 cents.
From the San Jose/Silicon Valley Business Journal:

Akeena Solar Inc. said Thursday that its solar panels are now available off the shelves of a major retailer.

Los Gatos-based Akeena (NASDAQ:AKNS) is selling its Andalay AC panels through Lowe's home improvement stores in California.

The company's shares rose nearly 70 percent on the news, trading in mid-morning at $1.68.

The Andalay panels, which received the 2009 Popular Mechanics Breakthrough Product award, also have built-in inverters that produce household AC power so there is no high-voltage DC wiring.