Akeena Solar, Inc. (AKNS) Secures Licensing and Credit, Surpassing Installation Estimates
Akeena Solar, Inc. (NASDAQ: AKNS) designs, integrates, installs, markets and sells solar power systems for residential and small commercial customers across the United States. The solar panel industry is booming, despite the elimination of new solar tax incentives for 2009. The company recently announced an increased credit line to $25 million, a new licensing agreement with Suntech Power (NYSE: STP) for Akeena’s Andalay panels, and more distribution agreements in the works. According to a recent Jesup & Lamont Alternative Energy Report, Akeena’s proven ability to raise equity capital and secure a licensing agreement with one of the largest solar manufacturers…