Akeena Solar (AKNS) Misses, Nearing All Time Lows

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11:58:42 am on August 6, 2008

Akeena Solar (AKNS) was hit with higher costs last quarter, leading to a miss on its earnings report.  The company reported a wider loss than what analysts were expecting (.15/share) with 5.1 million in losses (.18/share) in the quarter, compared with a loss of 1.9 million in the year ago quarter.  The company also mentioned that it has cut 36 jobs since the beginning of the year.

Clearly a company with zero momentum and that’s certainly reflected in its stock price.  It’s recovered from the morning lows, but still trading at 08 lows and closing in on all time lows.

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