0.14
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Close of 6 Nov 2026, in USD
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About Mass Megawatts Wind Power
From its filings with the US Securities and Exchange Commission
Mass Megawatts Wind Power is based in Worcester, Massachusetts and is incorporated in Massachusetts. Its shares trade on OTC under the ticker MMMW. The SEC classifies its business as cogeneration services & small power producers. In the fiscal year to 30 April 2023, it reported a net loss of $347,174. At that date it held total assets of $2,829 and shareholders' equity of −$269,880.
STS utilizes an innovative structural design that combines a simple, yet robust, A-frame design with a low-cost, protective outer-wall.
Purchase Plans, including direct purchases, lease programs, and power purchase agreements (PPA) are offered.
Megawatts provides continued support to the customer throughout the entire sales and installation process.
However, most customers can expect to have their Solar Tracking System installed and operational within a 2 to 6 week period.
Megawatts intends to build and operate wind energy power plants and to sell the generated electricity to the power commodity exchange.
MAT reduces blade cost by using a geometrically simple, smaller blade which addresses problems associated with vertical axis turbines.
As a result, the Company products can be seen as participants in several different industries.
Quoted from its 10-K, filed 25 Jul 2023. Read the filing on SEC.gov ↗
Company facts
- Sector
- Information Technology
- Industry
- Electronic Equipment, Instruments & Components
- Listed since
- 26 Dec 2001
- Website
- massmegawatts.com ↗
- Head office
- 523 SOUTHBRIDGE STREET, WORCESTER, MA, 01610
- Incorporated in
- MA
- Classification
- Cogeneration Services & Small Power Producers
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Jonathan RickerChairman of the Board, Chief Executive Officer$56,200
- Mr. Mark VartanianChief Operating Officer, Director, since 2022
- Mr. Scott TaberDirector
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- The company operates wind energy-generated power plants utilizing MultiAxis Turbine technology.
- The Mass Megawatts Solar Tracking System adjusts panels for optimal direct sunlight.
- The solar system handles weather and winds up to 120 miles per hour.
Weaknesses
- The solar tracker is still in prototype testing before commercial mass production.
- Wind energy production equipment is intended for applications in the longer term.
- The company is headquartered in Worcester Massachusetts, which may limit local talent.
Opportunities
- Developing a solar tracker for production aims to produce sales in the near term.
- The tracking technology allows panels to receive more direct sunlight for customers.
- Generating more solar power provides a competitive advantage in the renewable energy market.
Threats
- The company went IPO on 26 December 2001, facing long-term market scrutiny.
- Operating in the Information Technology sector requires constant technological adaptation and investment.
- Competitors in the Electrical Equipment industry may offer more mature solar tracking solutions.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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