A report by Akeena Solar Inc., Los Gatos, Calif., that it had inked a deal to distribute is solar panels in 21 home improvement stores throughout California sent the the company's stock soaring 57 percent on Dec. 10, according to the San Jose Mercury News and other online news feeds. The shares closed at $1.55 on Dec. 10.
The company's Andalay AC panels are available at 21 Lowe's home-improvement stores throughout California. The panels, which were recently honored with a 2009 Popular Mechanics “Breakthrough Product award,” are featured as part of Lowe's Energy Center at the stores. "The PC revolution in the computer industry occurred when new technology made PCs easy to use and affordable," said Barry Cinnamon, CEO of Akeena Solar. "Likewise, with panels becoming plug-and-play appliances, the solar revolution has started. The availability of solar panels in Lowe's stores makes it easy for homeowners to go solar and is a big step toward getting solar on every sunny rooftop."
About the Author
Jim Lucy Blog
Chief Editor
Jim Lucy has been wandering through the electrical market for more than 30 years, most of the time as an editor for Electrical Wholesaling, Electrical Marketing newsletter and CEE News. During that time he and the editorial team for the publications have won numerous national awards for their coverage of the electrical business. He showed an early interest in electricity, when as a youth he had an idea for a hot dog cooker. Unfortunately, the first crude prototype malfunctioned and the arc nearly blew him out of his parents' basement. Before becoming an editor for Electrical Wholesaling magazine and Electrical Marketing, he earned a BA degree in journalism and a MA in communications from Glassboro State College, Glassboro, NJ., which is formerly best known as the site of the 1967 summit meeting between President Lyndon Johnson and Russian Premier Aleksei Nikolayevich Kosygin, and now best known as the New Jersey state college that changed its name in 1992 to Rowan University because of a generous $100 million donation by N.J. zillionaire industrialist Henry Rowan. Jim is a Brooklyn-born Jersey Guy happily transplanted in the fertile plains of Kansas for the past 20 years.