Topic: How To Invest

Pat: I would appreciate your opinion on an alternative energy company called Eguana Technologies. Thanks for taking the time.

Article Excerpt

Eguana Technologies, $0.51, symbol EGT on Toronto (Shares outstanding: 35.6 million; Market cap: $19.4 million; www.eguanatech.com), formerly called Sustainable Energy Technologies Ltd., makes products that convert the high-current/low-voltage (DC) electricity from solar cells into high-voltage alternating current (AC) power, which is used by power grids and most industrial and consumer electronics. Eguana recently partnered with Germany-based Prosol Invest Deutschland GmbH, a maker of lithium-based energy-storage systems. Prosol’s products include the Sonnenbatterie, which is designed to store power from solar cells and is aimed at clients ranging from homeowners to farms and small- and medium-sized businesses. In the three months ended March 31, 2014, Eguana’s revenue jumped to $396,357 from $46,768 a year earlier. However, the company continues to lose money and report negative cash flow: its cash flow was negative $660,416 in the latest quarter, compared to negative $369,210 a year ago. Per-share cash flow was unchanged at negative $0.02 on more shares outstanding. Eguana’s main market—in conjunction with companies like Prosol—will continue…