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About Principal Solar
Its shares trade under the ticker PSWW. It has been listed since 13 February 1989. In the fiscal year to 31 December 2021, it reported revenue of $5,000 and a net loss of $10.3m. At that date it held total assets of $4.7m and shareholders' equity of $1.4m.
Principal Solar, Inc. is engaged in acquiring, building, owning, and operating solar generation facilities. The company is headquartered in Dallas, Texas. The firm delivers messaging that enables audiences to seek, discover and share knowledge and opinions across all platforms. The firm's business plan was to acquire, build, own and operate solar generation facilities (solar development). The Company, through its subsidiary, SunGen StepGuys, LLC, owns and operates a roof mounted solar electric generation facility located in Alfred, Maine. The project was designed as a 111 kilowatt direct current that is operating at approximately 120/208 volts providing over 124,000 kilowatt hours of electricity per year.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Utilities
- Industry
- Independent Power and Renewable Electricity Producers
- Listed since
- 13 Feb 1989
- Employees
- 2
- Website
- principalsolar.com ↗
Leadership
Pay as last reported
- Mr. Daniel HoustonChairman of the Board, President, Chief Executive Officer, since 2016
- Mr. David PilotteChief Financial Officer$360,000
- Mr. Kenneth AllenChief Operating Officer
- Mr. R. Michael MartinExecutive Vice President Business Development$216,000
- Mr. Scott MillsDirector
- Mr. Jeffrey HellerIndependent Director$49,323
- Ms. Brenda JacksonIndependent Director$61,154
- Mr. Guillermo MarmolIndependent Director$73,500
- Mr. Ronald SeidelIndependent Director$134,876
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
- Principal Solar Inc. has a strong market position in the renewable energy sector, with a focus on solar power. The company possesses a team of experienced professionals and experts in the field. This expertise enables them to develop innovative solar energy solutions and provide effective services to their clients.
- Principal Solar Inc. has established strategic partnerships with key players in the industry, allowing them to access advanced technologies and resources. These partnerships enhance their competitive advantage and enable them to stay at the forefront of the solar energy market.
- The company has a diversified portfolio of solar energy projects, ranging from utility-scale installations to residential and commercial solutions. This diversification reduces their dependency on any single segment and provides stability and flexibility in their operations.
Weaknesses
- One of the weaknesses for Principal Solar Inc. is the high initial cost associated with solar installations. This cost can deter potential customers and hinder widespread adoption of their products and services. The company needs to address this challenge by offering cost-effective solutions and educating the market about the long-term cost savings and environmental benefits of solar energy.
- Principal Solar Inc. heavily relies on government incentives and regulations supporting solar energy. Changes in these policies can impact the company's growth and profitability. To mitigate this weakness, the company should actively engage in advocacy efforts and diversify revenue streams beyond government-based incentives.
Opportunities
- The increasing global focus on sustainability and environmental responsibility presents significant growth opportunities for Principal Solar Inc. The demand for clean energy solutions is expected to rise, and the company can capitalize on this trend by expanding its market presence and offering innovative solar energy solutions in both domestic and international markets.
- Principal Solar Inc. can explore collaborations with other renewable energy providers and technology companies to develop integrated solutions and enhance their product offerings. This can help them tap into emerging markets and accelerate their growth even further.
Threats
- Principal Solar Inc. faces competition from both established players and new entrants in the solar energy market. This competitive landscape can pose a challenge in gaining and retaining market share. The company needs to continuously innovate, improve its technologies, and differentiate its offerings to stay ahead.
- The fluctuation in government policies and regulations concerning renewable energy can also be a threat. Principal Solar Inc. must closely monitor and adapt to any changes in these policies to avoid potential disruptions in their operations and financial performance.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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