RENEWABLE ENERGY & COM USD0.001 (POST REV SPLI (OTCMKTS:RBNW) is a player in the green energy space that just started to see some flows off the stock’s recent nadir. Volume has been picking up powerfully and we thought it might be a wise to take a look. RBNW’s most recent announcement notes that it has begun a campaign to market its extensive LED lighting product line, while making the company generally more visible to the marketplace, through the social media outlets of eBay, Craig’s List, Facebook, Twitter and Amazon.
“Social media allows LED Lites USA to expand its presence in the marketplace beyond the traditional methods of reps and face-to-face sales, mailing catalogs and flyers, attending trade shows, email marketing and the like,” observed company CEO Donald MacIntyre. “Consumers as well as commercial entities are increasingly turning to the lower cost and more reliable LED lighting, and this campaign allows us to get our attractive product line before the end-user directly, as well as increasing the name-awareness of the company.”
RENEWABLE ENERGY & COM USD0.001 (POST REV SPLI (OTCMKTS:RBNW) bills itself as a company that provides Green Energy that is competitive with fossil fuels by employing proprietary new technologies in combination with existing solar and wind power electric generation and LED lighting.
RBNW functions in international markets that are in vigorous growth stages with long-term prospects. Federal and state legislation in the United States, including some tax incentives, are driving businesses and consumers to replace older technologies with the new solar and LED alternatives offered by REAP.
According to company materials, “Renewable Energy and Power, Inc.’s website, www.reappower.com, illustrates the important services and products Renewable Energy and Power, Inc. (REAP) provides to the Green Energy market to make it competitive with fossil fuels by employing proprietary new technologies in combination with existing solar and wind-power electric generation and LED lighting. REAP functions in both domestic and international markets that are in vigorous growth stages with long-term prospects. Federal and state legislation in the United States, including many tax incentives, are driving businesses and consumers to replace older technologies with the new solar and LED alternatives offered by REAP.”
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As noted above, RBNW’s principal subsidiary division in the LED lighting space has started to get much more aggressive with its online marketing and sales presence. This is often an important step to kickstart support or upside for shares of a company like this. Basically, you have to work to get the message out. One should note that shares of the stock tanked in July, diving from over $0.30/share to down around a penny per share in just a couple weeks. Hence, the company is clearly feeling some pressure to change the narrative.
According to the release, “the campaign will constantly update information on the social media sites to offer the user useful information on advancements in the LED market in general as well as LED Lites USA particular product. The company also anticipates offering discounts and games the consumer can play to win useful prizes.”
Traders will note just under 320% added to share values of the company over the past week of action, a rally that has pushed up against longer standing distributive pressure in the stock. Market participants may want to pay attention to this stock. RBNW is a stock who’s past is littered with sudden rips. Furthermore, the name has seen an influx in interest of late, with the stock’s recent average trading volume running above 710% over the long run average.
Now commanding a market cap of $1.38M, RBNW has virtually no cash on the books, which compares with about $259K in total current liabilities. One should also note that debt has been growing over recent quarters. RBNW is pulling in trailing 12-month revenues of $726K. In addition, the company is seeing major top line growth, with y/y quarterly revenues growing at 25%. We will update the story again soon as developments transpire. For continuing coverage on shares of $RBNW stock, as well as our other breakout picks, sign up for our free newsletter today and get our next hot stock pick!
Disclosure: We hold no position in $RBNW, either long or short, and we have not been compensated for this article.