WorldWater & Power Corp. (WWAT.OB), developer and marketer of proprietary high-power solar systems, has provided guidance for 2007.
The company estimates 2006 revenue of $17 million and expects to see sales nearly double in 2007 – to $30-$35 million, representing 5 megaWatts of electricity.
WorldWater has a steady backlog of solar projects and is bidding on an active pipeline of opportunities. Seasonality will be similar to 2006, with higher revenue expected to be realized in the latter half of the year.
However, each quarter is expected to show strong comparisons over 2006. The seasonality reflects both normal demand trends and a shift in the company’s focus to larger, multi-megaWatt projects. In addition, WorldWater anticipates showing a profit for the full year – a major accomplishment – as it leverages increasing opportunities and takes a growing share of the solar market.
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