Worldwide Energy & Manufacturing USA, Inc. (WEMU) Expecting 160% Annual Revenue Growth
Worldwide Energy & Manufacturing USA Inc., provider of photovoltaic solar modules and other mechanical and electronic parts for residential, commercial, industrial, and public utility applications around the world, indicated today that 2010 revenues for the company are expected to increase 160% over the previous year, topping out at between $160 million and $165 million. The estimate is based largely on contracts and commitments for the company’s fast growing Solar Division, with its AmeriSolar brand of solar modules. The company also anticipates increased production at its new state-of-the-art manufacturing and research facility in Nantong, China, which should result in improved margins.…