Tag Archives: residential solar

Akeena Solar (AKNS) Lowers 08 Growth Forecast

Due to delayed installation at a few large commercial project, Akeena Solar (AKNS) is cutting its 2008 annual revenue growth estimate from 30 – 40% to 25 – 20%.

“As several large commercial projects got underway during the quarter, our customers encountered construction management issues that caused the solar installation phase to be pushed out into early 2009,” said Barry Cinnamon, president and chief executive officer. “In contrast to the lumpiness of the commercial business, … Read the rest